Europac International Correlations

EPDPX Fund

USD 9.67 0.02 0.21%

The current 90-days correlation between Europac International and Europac International Value is 0.93 (i.e., Almost no diversification). The correlation of Europac International 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.

Europac International Correlation With Market

Modest diversification

The correlation between Europac International Dividend and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europac International Dividend 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 Europac International Dividend. 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 american community survey.

Moving together with Europac Mutual Fund

0.86	EPBIX	Europac International	Pair Corr
1.0	EPDIX	Europac International	Pair Corr
0.86	EPIBX	Europac International	Pair Corr
0.99	EPIVX	Europac International	Pair Corr
0.99	EPVIX	Europac International	Pair Corr
0.82	OANIX	Oakmark International	Pair Corr
0.89	OAKIX	Oakmark International	Pair Corr
0.82	OAYIX	Oakmark International	Pair Corr
0.82	OAZIX	Oakmark International	Pair Corr
0.8	FINVX	Fidelity Series Inte	Pair Corr
0.71	VTRIX	Vanguard International	Pair Corr
0.86	RRIGX	T Rowe Price	Pair Corr
0.78	VGTSX	Vanguard Total Inter	Pair Corr
0.78	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Europac Mutual Fund

0.59	VITSX	Vanguard Total Stock	Pair Corr
0.57	VTSAX	Vanguard Total Stock	Pair Corr
0.57	VSMPX	Vanguard Total Stock	Pair Corr
0.57	VSTSX	Vanguard Total Stock	Pair Corr
0.57	USPRX	Sp 500 Index	Pair Corr
0.56	VTSMX	Vanguard Total Stock	Pair Corr
0.55	VFIAX	Vanguard 500 Index	Pair Corr
0.55	VFINX	Vanguard 500 Index	Pair Corr
0.53	VFFSX	Vanguard 500 Index	Pair Corr
0.5	FCNTX	Fidelity Contrafund	Pair Corr
0.47	VTMFX	Vanguard Tax Managed	Pair Corr
0.39	LLPFX	Longleaf Partners	Pair Corr
0.63	LTFOX	Lord Abbett Affiliated	Pair Corr
0.62	VIGAX	Vanguard Growth Index	Pair Corr
0.59	SCRYX	Small Cap Core	Pair Corr
0.54	LEOIX	Lazard Enhanced Oppo	Pair Corr

Related Correlations Analysis

	EPIVX	EPASX	EPGFX	EPIBX	EPVIX
EPIVX		0.24	0.4	0.86	1.0	EPIVX
EPASX	0.24		0.5	0.24	0.24	EPASX
EPGFX	0.4	0.5		0.05	0.41	EPGFX
EPIBX	0.86	0.24	0.05		0.86	EPIBX
EPVIX	1.0	0.24	0.41	0.86		EPVIX
	EPIVX	EPASX	EPGFX	EPIBX	EPVIX

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Risk-Adjusted Indicators

There is a big difference between Europac Mutual Fund performing well and Europac International 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 Europac International'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
EPIVX	0.52	(0.08)	0.00	(0.21)	0.00	0.00	1.06	(1.28)	3.19
EPASX	0.76	0.02	(0.10)	(0.03)	1.00	(0.82)	1.54	(1.67)	6.54
EPGFX	1.42	0.02	(0.03)	0.17	1.87	(1.42)	2.54	(2.79)	10.62
EPIBX	0.26	(0.05)	0.00	(12.47)	0.00	0.00	0.57	(0.47)	1.63
EPVIX	0.52	(0.08)	0.00	(0.21)	0.00	0.00	1.05	(1.24)	3.27

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