Ep Emerging Correlations

EPASX Fund

USD 12.84 0.06 0.47%

The current 90-days correlation between Ep Emerging Markets and Gamco Natural Resources is 0.65 (i.e., Poor diversification). 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

0.96	EPBIX	Europac International	Pair Corr
0.96	EPDIX	Europac International	Pair Corr
1.0	EPEIX	Ep Emerging Markets	Pair Corr
0.96	EPDPX	Europac International	Pair Corr
0.93	EPGIX	Investment Managers Steady Growth	Pair Corr
0.93	EPGFX	Europac Gold Steady Growth	Pair Corr
0.96	EPIBX	Europac International	Pair Corr
0.87	EPIVX	Europac International	Pair Corr
0.87	EPVIX	Europac International	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.98	NEWFX	New World Fund	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.98	NEWCX	New World Fund	Pair Corr
0.93	FWWNX	American Funds New	Pair Corr
0.93	FNFWX	American Funds New	Pair Corr
0.69	WHIAX	Ivy High Income	Pair Corr
0.69	IVHIX	Ivy High Income	Pair Corr
0.73	IHIFX	Ivy High Income	Pair Corr
0.64	WRHIX	Ivy High Income	Pair Corr
0.69	WHIYX	Ivy High Income	Pair Corr
0.8	CSJZX	Cohen Steers Realty	Pair Corr
0.79	CSRSX	Cohen Steers Realty	Pair Corr
0.84	BWLCX	American Beacon Bridgeway	Pair Corr
0.8	LTFIX	Principal Lifetime 2055	Pair Corr
0.88	PENNX	Royce Pennsylvania Mutual	Pair Corr
0.96	BMBSX	Baird Quality Interm	Pair Corr
0.94	PWDAX	Power Dividend Index	Pair Corr
0.95	USRTX	Horizon Defensive Equity	Pair Corr
0.8	COVAX	Columbia Small Cap	Pair Corr
0.83	UMNOX	Lazard Short Duration	Pair Corr
0.79	PTCPX	Principal Lifetime 2030	Pair Corr
0.89	SSTVX	Wells Fargo Short	Pair Corr
0.96	JATQX	Jpmorgan Smartretirement	Pair Corr
0.91	VNYUX	Vanguard New York	Pair Corr

Related Correlations Analysis

	SNPIX	NALFX	DLDCX	ALTEX	APWEX	XGNTX
SNPIX		-0.96	-0.97	-0.87	-0.98	-0.92	SNPIX
NALFX	-0.96		0.96	0.88	0.96	0.93	NALFX
DLDCX	-0.97	0.96		0.95	0.95	0.98	DLDCX
ALTEX	-0.87	0.88	0.95		0.83	0.95	ALTEX
APWEX	-0.98	0.96	0.95	0.83		0.9	APWEX
XGNTX	-0.92	0.93	0.98	0.95	0.9		XGNTX
	SNPIX	NALFX	DLDCX	ALTEX	APWEX	XGNTX

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

XGNTX	+ 0.98	DLDCX
DLDCX	+ 0.96	NALFX
APWEX	+ 0.96	NALFX
ALTEX	+ 0.95	DLDCX
APWEX	+ 0.95	DLDCX
XGNTX	+ 0.95	ALTEX

High negative correlations

APWEX	- 0.98	SNPIX
DLDCX	- 0.97	SNPIX
NALFX	- 0.96	SNPIX
XGNTX	- 0.92	SNPIX
ALTEX	- 0.87	SNPIX

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
SNPIX	1.05	(0.33)	0.00	1.36	0.00	0.00	1.89	(2.59)	6.18
NALFX	0.60	0.19	0.22	0.48	0.30	(0.74)	1.59	(0.98)	3.50
DLDCX	1.00	0.40	0.26	0.60	0.92	(1.18)	2.44	(1.89)	6.26
ALTEX	1.59	0.45	0.26	0.56	1.25	(1.86)	4.15	(2.89)	12.23
APWEX	0.88	0.29	0.27	0.60	0.52	(1.08)	2.50	(1.09)	4.47
XGNTX	0.79	0.29	0.16	0.96	0.96	(0.89)	1.71	(1.19)	6.37

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