Ep Emerging Correlations

EPASX Fund

USD 12.30 0.14 1.13%

The correlation of Ep Emerging 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.

Ep Emerging Correlation With Market

Very poor diversification

The correlation between Ep Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ep Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ep Emerging Markets. 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 main economic indicators.

Moving together with EPASX Mutual Fund

0.93	EPBIX	Europac International	Pair Corr
0.92	EPDIX	Europac International	Pair Corr
0.97	EPEIX	Ep Emerging Markets	Pair Corr
0.94	EPDPX	Europac International	Pair Corr
0.9	EPGIX	Investment Managers	Pair Corr
0.92	EPGFX	Europac Gold	Pair Corr
0.95	EPIBX	Europac International	Pair Corr
0.89	EPIVX	Europac International	Pair Corr
0.87	EPVIX	Europac International	Pair Corr
0.93	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.92	VEMRX	Vanguard Emerging Markets	Pair Corr
0.93	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.9	NEWCX	New World Fund	Pair Corr
0.9	FWWNX	American Funds New	Pair Corr
0.9	FNFWX	American Funds New	Pair Corr
0.89	NHS	Neuberger Berman High	Pair Corr
0.77	PGRKX	Global Real Estate	Pair Corr
0.89	HEOMX	Hartford Environmental	Pair Corr
0.78	ABNTX	Ab Bond Inflation	Pair Corr
0.73	LMUSX	Qs Large Cap	Pair Corr
0.7	LUNAX	Conservative Balanced	Pair Corr
0.74	OCSGX	Optimum Small Mid	Pair Corr
0.68	MTCAX	Mfs Technology	Pair Corr
0.88	CMNZX	Columbia Minnesota Tax	Pair Corr
0.85	VOHIX	Vanguard Ohio Long	Pair Corr
0.71	RYHCX	Health Care Fund	Pair Corr
0.92	APFPX	Artisan Global Uncon	Pair Corr
0.88	RCHTX	American Funds 2045	Pair Corr
0.73	TRAIX	T Rowe Price	Pair Corr
0.92	TIBGX	Thornburg Investment	Pair Corr
0.86	RERGX	Europacific Growth	Pair Corr
0.66	WEEIX	Teton Westwood Equity	Pair Corr
0.92	FGZMX	Fidelity New Markets	Pair Corr

Moving against EPASX Mutual Fund

0.5

ODVYX

Oppenheimer Developing

Pair Corr

Related Correlations Analysis

	UIGSX	CGTCX	USGFX	FHNFX	PGIQX	FITSX	SMAAX	DIPXX
UIGSX		0.64	0.93	0.41	0.82	0.94	0.86	0.0	UIGSX
CGTCX	0.64		0.74	0.58	0.67	0.64	0.44	0.0	CGTCX
USGFX	0.93	0.74		0.63	0.87	0.88	0.7	0.0	USGFX
FHNFX	0.41	0.58	0.63		0.76	0.48	0.04	0.0	FHNFX
PGIQX	0.82	0.67	0.87	0.76		0.91	0.63	0.0	PGIQX
FITSX	0.94	0.64	0.88	0.48	0.91		0.84	0.0	FITSX
SMAAX	0.86	0.44	0.7	0.04	0.63	0.84		0.0	SMAAX
DIPXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DIPXX
	UIGSX	CGTCX	USGFX	FHNFX	PGIQX	FITSX	SMAAX	DIPXX

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

FITSX	+ 0.94	UIGSX
USGFX	+ 0.93	UIGSX
FITSX	+ 0.91	PGIQX
FITSX	+ 0.88	USGFX
PGIQX	+ 0.87	USGFX
SMAAX	+ 0.86	UIGSX

High negative correlations

DIPXX	- 0.0	SMAAX
DIPXX	- 0.0	FITSX
DIPXX	- 0.0	PGIQX
DIPXX	- 0.0	FHNFX
DIPXX	- 0.0	USGFX
DIPXX	- 0.0	CGTCX

Risk-Adjusted Indicators

There is a big difference between EPASX Mutual Fund performing well and Ep Emerging 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 Ep Emerging'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
UIGSX	0.13	0.01	(0.38)	0.36	0.00	(0.18)	0.33	(0.22)	0.67
CGTCX	0.13	(0.01)	(0.47)	(0.01)	0.11	(0.15)	0.25	(0.25)	0.67
USGFX	0.13	0.00	(0.43)	0.39	0.07	(0.16)	0.25	(0.25)	0.58
FHNFX	0.14	(0.01)	(0.40)	(0.39)	0.15	(0.18)	0.22	(0.33)	0.76
PGIQX	0.13	0.00	(0.36)	(0.03)	0.12	(0.18)	0.25	(0.25)	0.75
FITSX	0.15	0.00	(0.37)	0.16	0.08	(0.21)	0.33	(0.22)	0.77
SMAAX	0.07	0.02	(0.53)	3.31	0.00	(0.13)	0.20	(0.10)	0.48
DIPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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