Europacific Growth Correlations

Mutual Funds . USA . 
Fund . Europacific Growth Fund
RERBX Fund  USD 54.32  0.23  0.43%   
The current 90-days correlation between Europacific Growth and Franklin Real Estate is -0.14 (i.e., Good 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

Good diversification

The correlation between Europacific Growth Fund and DJI is -0.11 (i.e., Good 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 bureau of labor statistics.

Moving together with Europacific Mutual Fund

  0.65FPPPX American Funds PresePairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.62AMUSX Us Government SecuritiesPairCorr
  0.63CGTAX Us Government SecuritiesPairCorr
  0.69RRPPX American Funds RetirementPairCorr
  0.62RAMFX Short Term BondPairCorr
  0.74RCEBX Capital World BondPairCorr
  0.88RERAX Europacific GrowthPairCorr
  0.88RERGX Europacific GrowthPairCorr
  1.0RERFX Europacific GrowthPairCorr
  0.88RERHX Europacific GrowthPairCorr
  1.0RERCX Europacific GrowthPairCorr
  0.88REREX Europacific GrowthPairCorr
  0.73CMLAX American MutualPairCorr
  1.0AEGFX Europacific GrowthPairCorr
  1.0AEPGX Europacific GrowthPairCorr
  0.63USGFX Us Government SecuritiesPairCorr
  0.62FIFBX American Funds InterPairCorr
  0.75CNLEX American Funds InflationPairCorr
  0.64RGVJX Us Government SecuritiesPairCorr
  0.89AGVHX American Funds GlobalPairCorr
  0.82IGICX International Growth AndPairCorr
  1.0AEPFX Europacific GrowthPairCorr
  0.88CEUAX Europacific GrowthPairCorr
  0.88CEUCX Europacific GrowthPairCorr

Moving against Europacific Mutual Fund

  0.76PQTAX Pimco Trends ManagedPairCorr
  0.76PQTNX Pimco Trends ManagedPairCorr

Related Correlations Analysis

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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.

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