Europacific Growth Correlations

CEUEX Fund

USD 55.24 0.20 0.36%

The current 90-days correlation between Europacific Growth and Income Fund Of is 0.72 (i.e., Poor 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 -0.02 (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 Trending Equities 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 income.

Moving together with Europacific Mutual Fund

0.83	RNEBX	New World Fund	Pair Corr
0.67	RNRPX	American Funds Retirement	Pair Corr
0.82	RNWFX	New World Fund	Pair Corr

Related Correlations Analysis

	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX
AMECX		0.68	0.98	0.98	0.81	-0.12	0.93	0.9	0.86	0.9	AMECX
RNEBX	0.68		0.61	0.6	0.75	0.26	0.64	0.5	0.49	0.51	RNEBX
AMFCX	0.98	0.61		1.0	0.76	-0.2	0.9	0.92	0.87	0.93	AMFCX
AMFFX	0.98	0.6	1.0		0.76	-0.21	0.9	0.93	0.87	0.93	AMFFX
RNCCX	0.81	0.75	0.76	0.76		0.31	0.89	0.63	0.71	0.63	RNCCX
FPPPX	-0.12	0.26	-0.2	-0.21	0.31		-0.1	-0.43	-0.38	-0.43	FPPPX
AMEFX	0.93	0.64	0.9	0.9	0.89	-0.1		0.85	0.91	0.85	AMEFX
RNGGX	0.9	0.5	0.92	0.93	0.63	-0.43	0.85		0.94	1.0	RNGGX
RNGFX	0.86	0.49	0.87	0.87	0.71	-0.38	0.91	0.94		0.94	RNGFX
RNGHX	0.9	0.51	0.93	0.93	0.63	-0.43	0.85	1.0	0.94		RNGHX
	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX

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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

AMFFX	+ 1.0	AMFCX
RNGHX	+ 1.0	RNGGX
AMFCX	+ 0.98	AMECX
AMFFX	+ 0.98	AMECX
RNGFX	+ 0.94	RNGGX
RNGHX	+ 0.94	RNGFX

High negative correlations

RNGHX	- 0.43	FPPPX
RNGGX	- 0.43	FPPPX
RNGFX	- 0.38	FPPPX
FPPPX	- 0.21	AMFFX
FPPPX	- 0.2	AMFCX
FPPPX	- 0.12	AMECX

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
AMECX	0.32	0.04	(0.21)	(13.79)	0.31	(0.36)	0.70	(0.72)	2.01
RNEBX	0.57	(0.02)	0.00	0.35	0.00	0.00	1.27	(1.32)	3.78
AMFCX	0.45	0.05	(0.14)	17.02	0.43	(0.51)	0.90	(0.88)	2.68
AMFFX	0.45	0.00	(0.14)	0.00	0.43	(0.51)	0.91	(0.86)	2.68
RNCCX	0.25	(0.02)	(0.31)	0.05	0.26	(0.28)	0.52	(0.52)	1.42
FPPPX	0.11	(0.02)	0.00	(0.43)	0.00	0.00	0.21	(0.21)	0.84
AMEFX	0.33	(0.01)	(0.18)	0.10	0.32	(0.37)	0.70	(0.73)	2.01
RNGGX	0.68	0.05	(0.06)	3.55	1.00	(0.69)	1.46	(1.96)	4.07
RNGFX	0.67	(0.04)	(0.04)	0.08	0.97	(0.69)	1.47	(1.97)	4.06
RNGHX	0.68	0.05	(0.06)	3.38	1.00	(0.69)	1.47	(1.97)	4.07

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