Europac International Correlations

EPIVX Fund

USD 10.99 0.15 1.38%

The current 90-days correlation between Europac International and Europac International Dividend is 0.94 (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 Value and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europac International Value 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 Value. 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 real.

Moving together with Europac Mutual Fund

0.81	EPASX	Ep Emerging Markets	Pair Corr
0.94	EPBIX	Europac International	Pair Corr
0.96	EPDIX	Europac International	Pair Corr
0.86	EPEIX	Ep Emerging Markets	Pair Corr
0.96	EPDPX	Europac International	Pair Corr
0.93	EPGIX	Investment Managers	Pair Corr
0.93	EPGFX	Europac Gold Steady Growth	Pair Corr
0.93	EPIBX	Europac International	Pair Corr
1.0	EPVIX	Europac International Steady Growth	Pair Corr
0.95	DOXFX	Dodge Cox International	Pair Corr
0.74	OANIX	Oakmark International	Pair Corr
0.91	DODFX	Dodge International Stock	Pair Corr
0.74	OAKIX	Oakmark International	Pair Corr
0.74	OAYIX	Oakmark International	Pair Corr
0.74	OAZIX	Oakmark International	Pair Corr
0.86	FINVX	Fidelity Series Inte	Pair Corr
0.9	VTRIX	Vanguard International	Pair Corr
0.85	RRIGX	T Rowe Price	Pair Corr
0.91	VTISX	Vanguard Total Inter	Pair Corr
0.85	VTSNX	Vanguard Total Inter	Pair Corr
0.91	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Europac Mutual Fund

0.61	RPHYX	Riverpark Short Term	Pair Corr
0.5	DAMDX	Dunham Monthly Distr	Pair Corr
0.33	RPNRX	Riverpark/next Century	Pair Corr

Related Correlations Analysis

	EPDIX	EPGIX	EPDPX	EPEIX	EPBIX
EPDIX		0.96	1.0	0.81	0.87	EPDIX
EPGIX	0.96		0.96	0.83	0.84	EPGIX
EPDPX	1.0	0.96		0.81	0.87	EPDPX
EPEIX	0.81	0.83	0.81		0.93	EPEIX
EPBIX	0.87	0.84	0.87	0.93		EPBIX
	EPDIX	EPGIX	EPDPX	EPEIX	EPBIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EPDIX	0.62	(0.11)	(0.36)	1.08	(1.25)	4.07
EPGIX	1.41	(0.22)	(0.97)	2.20	(3.12)	8.68
EPDPX	0.62	(0.11)	(0.39)	1.10	(1.25)	4.18
EPEIX	0.51	(0.11)	(0.35)	0.96	(1.18)	4.00
EPBIX	0.24	(0.04)	(0.41)	0.48	(0.47)	1.54

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