Europacific Growth Correlations

RERAX Fund

USD 54.37 0.07 0.13%

The current 90-days correlation between Europacific Growth and Hennessy Small Cap is 0.43 (i.e., Very weak diversification). The correlation of Europacific Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Europacific Growth Correlation With Market

Very weak diversification

The correlation between Europacific Growth Fund and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europacific Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Europacific Growth Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Europacific Mutual Fund

0.96	RNEBX	New World Fund	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.91	RNCCX	American Funds Income	Pair Corr
0.9	RNGGX	New Economy Fund	Pair Corr
0.9	RNGFX	New Economy Fund	Pair Corr
0.9	RNGHX	New Economy Fund	Pair Corr
0.88	RNGBX	New Economy Fund	Pair Corr
0.88	RNGAX	New Economy Fund	Pair Corr
0.91	FPTPX	American Funds Conse	Pair Corr
0.97	RNWGX	New World Fund	Pair Corr
0.87	PGGAX	American Funds Global	Pair Corr
1.0	CEUCX	Europacific Growth	Pair Corr
0.82	CGTFX	Us Government Securities	Pair Corr
0.85	CGTCX	Us Government Securities	Pair Corr
0.73	RRPPX	American Funds Retirement	Pair Corr
0.9	FCJTX	American Funds 2055	Pair Corr
0.67	RRQPX	American Funds Retirement	Pair Corr
0.77	RROPX	American Funds Retirement	Pair Corr
0.92	REJTX	American Funds 2015	Pair Corr
1.0	RERGX	Europacific Growth	Pair Corr
1.0	RERFX	Europacific Growth	Pair Corr
1.0	RERHX	Europacific Growth	Pair Corr
1.0	RERCX	Europacific Growth	Pair Corr
1.0	RERBX	Europacific Growth	Pair Corr
1.0	REREX	Europacific Growth	Pair Corr
1.0	AEGFX	Europacific Growth	Pair Corr
1.0	AEPGX	Europacific Growth	Pair Corr
0.83	USGFX	Us Government Securities	Pair Corr
0.95	AWSHX	Washington Mutual	Pair Corr
0.77	RGVAX	Us Government Securities	Pair Corr
0.85	RGVCX	Us Government Securities	Pair Corr
0.75	RGVEX	Us Government Securities	Pair Corr
0.72	RIVDX	American Funds Inter	Pair Corr
0.77	IGFFX	International Growth And	Pair Corr
0.83	FLIBX	American Funds Inflation	Pair Corr
0.79	IGICX	International Growth And	Pair Corr

Related Correlations Analysis

	HISFX	FNPIX	XFINX	MFHVX	PRISX	FIDAX	PSSRX
HISFX		0.59	0.15	-0.02	0.91	0.83	0.93	HISFX
FNPIX	0.59		0.46	0.49	0.75	0.62	0.7	FNPIX
XFINX	0.15	0.46		0.5	0.37	0.26	0.26	XFINX
MFHVX	-0.02	0.49	0.5		0.13	-0.16	0.06	MFHVX
PRISX	0.91	0.75	0.37	0.13		0.88	0.93	PRISX
FIDAX	0.83	0.62	0.26	-0.16	0.88		0.9	FIDAX
PSSRX	0.93	0.7	0.26	0.06	0.93	0.9		PSSRX
	HISFX	FNPIX	XFINX	MFHVX	PRISX	FIDAX	PSSRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSSRX	+ 0.93	HISFX
PSSRX	+ 0.93	PRISX
PRISX	+ 0.91	HISFX
PSSRX	+ 0.9	FIDAX
FIDAX	+ 0.88	PRISX
FIDAX	+ 0.83	HISFX

High negative correlations

FIDAX	- 0.16	MFHVX
MFHVX	- 0.02	HISFX

Risk-Adjusted Indicators

There is a big difference between Europacific Mutual Fund performing well and Europacific Growth Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Europacific Growth's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HISFX	1.15	(0.11)	0.00	(0.12)	0.00	0.00	2.20	(2.61)	8.64
FNPIX	0.97	0.08	0.05	0.08	1.31	(1.02)	1.92	(2.07)	6.67
XFINX	0.14	0.00	0.00	0.00	0.19	(0.17)	0.29	(0.28)	1.14
MFHVX	0.09	0.02	0.08	0.31	0.00	(0.15)	0.24	(0.23)	0.71
PRISX	0.74	(0.04)	0.00	(0.06)	0.00	0.00	1.36	(1.40)	8.37
FIDAX	0.80	(0.10)	0.00	(0.30)	0.00	0.00	1.31	(1.74)	8.35
PSSRX	0.75	(0.05)	0.00	(0.08)	0.00	0.00	1.43	(1.79)	6.74

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