Ep Emerging Correlations

EPASX Fund

USD 9.65 0.01 0.10%

The current 90-days correlation between Ep Emerging Markets and Oakhurst Short Duration is 0.34 (i.e., Weak 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

Modest diversification

The correlation between Ep Emerging Markets and DJI is 0.29 (i.e., Modest 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 state.

Moving together with EPASX Mutual Fund

0.72	EPBIX	Europac International	Pair Corr
1.0	EPEIX	Ep Emerging Markets	Pair Corr
0.76	EPGIX	Investment Managers Steady Growth	Pair Corr
0.76	EPGFX	Europac Gold Steady Growth	Pair Corr
0.72	EPIBX	Europac International	Pair Corr
0.87	VEMAX	Vanguard Emerging Markets	Pair Corr
0.87	VEIEX	Vanguard Emerging Markets	Pair Corr
0.8	VEMIX	Vanguard Emerging Markets	Pair Corr
0.79	VEMRX	Vanguard Emerging Markets	Pair Corr
0.79	FWWNX	American Funds New	Pair Corr
0.79	FNFWX	American Funds New	Pair Corr
0.73	NEWFX	New World Fund	Pair Corr
0.79	NWFFX	New World Fund	Pair Corr
0.74	NEWCX	New World Fund	Pair Corr
0.66	ODVYX	Oppenheimer Developing	Pair Corr

Moving against EPASX Mutual Fund

0.7	BXSL	Blackstone Secured	Pair Corr
0.61	ASCNX	Angel Oak Strategic	Pair Corr
0.52	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.5	COGVX	Cognios Large Cap	Pair Corr
0.35	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.35	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.34	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	OHSHX	JSNIX	SWSFX	CMGUX	OWSBX	TASTX	FGUSX
OHSHX		0.83	0.49	0.69	0.85	0.69	0.76	OHSHX
JSNIX	0.83		0.68	0.9	0.96	0.86	0.96	JSNIX
SWSFX	0.49	0.68		0.83	0.72	0.8	0.79	SWSFX
CMGUX	0.69	0.9	0.83		0.86	0.83	0.97	CMGUX
OWSBX	0.85	0.96	0.72	0.86		0.83	0.91	OWSBX
TASTX	0.69	0.86	0.8	0.83	0.83		0.86	TASTX
FGUSX	0.76	0.96	0.79	0.97	0.91	0.86		FGUSX
	OHSHX	JSNIX	SWSFX	CMGUX	OWSBX	TASTX	FGUSX

Click cells to compare fundamentals

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OHSHX	0.12	0.03	(0.27)	2.26	(0.16)	0.23	(0.22)	0.90
JSNIX	0.08	0.01	(0.58)	(0.73)	(0.18)	0.22	(0.11)	0.65
SWSFX	0.04	0.00	0.00	0.22	0.00	0.10	(0.10)	0.59
CMGUX	0.03	0.01	0.00	(0.42)	0.00	0.11	0.00	0.44
OWSBX	0.08	0.01	(0.62)	(0.41)	(0.14)	0.20	(0.20)	0.50
TASTX	0.07	0.00	(0.63)	0.69	(0.17)	0.21	(0.10)	0.62
FGUSX	0.05	0.01	(0.77)	(0.32)	(0.21)	0.10	(0.10)	0.62

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