Europacific Growth Correlations
| REEBX Fund | USD 56.19 0.30 0.53% |
The current 90-days correlation between Europacific Growth and Fidelity Capital Income is -0.03 (i.e., Good diversification). The correlation of Europacific Growth 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.
Europacific Growth Correlation With Market
Very weak diversification
The correlation between Europacific Growth Fund and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europacific Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
Europacific |
Moving together with Europacific Mutual Fund
| 0.77 | RNEBX | New World Fund | PairCorr |
| 0.68 | RNRPX | American Funds Retirement | PairCorr |
| 0.76 | RNWFX | New World Fund | PairCorr |
| 0.85 | RNWEX | New World Fund | PairCorr |
| 0.85 | RNWHX | New World Fund | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Europacific Mutual Fund performing well and Europacific Growth 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 Europacific Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAGIX | 0.19 | 0.05 | (0.22) | 2.07 | 0.00 | 0.40 | 1.17 | |||
| PHYZX | 0.12 | 0.02 | (0.46) | 1.08 | 0.00 | 0.42 | 0.63 | |||
| DAHYX | 0.11 | 0.02 | (0.64) | 1.36 | 0.00 | 0.23 | 0.57 | |||
| MRHYX | 0.09 | 0.02 | (0.65) | 4.94 | 0.00 | 0.23 | 0.47 | |||
| PGHCX | 0.13 | 0.03 | (0.34) | (1.02) | 0.00 | 0.53 | 0.80 | |||
| CYBAX | 0.10 | 0.01 | (0.87) | (2.35) | 0.00 | 0.24 | 0.73 | |||
| BHYRX | 0.11 | 0.01 | (0.55) | 0.21 | 0.00 | 0.28 | 0.85 |