Ep Emerging Correlations

Mutual Funds . USA . 
Fund . Ep Emerging Markets
EPASX Fund  USD 11.77  0.03  0.26%   
The current 90-days correlation between Ep Emerging Markets and Europac International Bond is -0.02 (i.e., Good 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

Significant diversification

The correlation between Ep Emerging Markets and DJI is 0.01 (i.e., Significant 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

  0.85EPBIX Europac InternationalPairCorr
  0.85EPDIX Europac InternationalPairCorr
  0.95EPEIX Ep Emerging MarketsPairCorr
  0.87EPDPX Europac InternationalPairCorr
  0.78EPGIX Investment ManagersPairCorr
  0.78EPGFX Europac GoldPairCorr
  0.93EPIBX Europac InternationalPairCorr
  0.79EPIVX Europac InternationalPairCorr
  0.74EPVIX Europac InternationalPairCorr
  0.89VEMAX Vanguard Emerging MarketsPairCorr
  0.89VEIEX Vanguard Emerging MarketsPairCorr
  0.89VEMIX Vanguard Emerging MarketsPairCorr
  0.89VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.9NEWFX New World FundPairCorr
  0.87NWFFX New World FundPairCorr
  0.88NEWCX New World FundPairCorr
  0.87ODVYX Oppenheimer DevelopingPairCorr
  0.64SMPSX Semiconductor UltrasectorPairCorr
  0.64SMPIX Semiconductor UltrasectorPairCorr
  0.68RSNRX Victory Global NaturalPairCorr
  0.67RSNYX Victory Global NaturalPairCorr
  0.68RGNCX Victory Global NaturalPairCorr
  0.84XAVKX Advent Claymore ConvPairCorr
  0.81MAFCX Abbey Capital MultiPairCorr
  0.85TEPLX Templeton GrowthPairCorr
  0.74PXINX Pax Msci EafePairCorr
  0.85FSPSX Fidelity InternationalPairCorr
  0.74FIPDX Fidelity Inflation-protecPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.76SVAAX Federated Strategic ValuePairCorr
  0.87FZOKX Oklahoma College SavingsPairCorr
  0.68TIBEX Tiaa Cref IntlPairCorr

Moving against EPASX Mutual Fund

  0.5SPMJX Invesco Steelpath MlpPairCorr
  0.47OSPPX Oppenheimer Steelpath MlpPairCorr
  0.47SPMPX Invesco Steelpath MlpPairCorr
  0.47MLPNX Oppenheimer Steelpath MlpPairCorr
  0.46MLPLX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EPASX  0.53  0.12  0.04  7.58  0.49 
(0.61)
 1.20 
(0.78)
 3.57 
EPBIX  0.19 (0.01)(0.31) 0.02  0.21 
(0.21)
 0.43 
(0.33)
 1.20 
EPDIX  0.50  0.13  0.11  0.47  0.30 
(0.59)
 1.09 
(0.96)
 3.32 
EPEIX  0.52  0.04  0.00  0.17  0.60 
(0.56)
 1.11 
(0.93)
 3.63 
EPDPX  0.51  0.20  0.17  17.43  0.13 
(0.62)
 1.21 
(0.96)
 3.37 
EPGIX  1.39  0.36  0.11  1.26  2.13 
(1.47)
 2.78 
(3.42)
 11.12 
EPGFX  1.40  0.36  0.11  1.28  2.16 
(1.47)
 2.78 
(3.41)
 11.04 
EPIBX  0.18  0.02 (0.27) 2.47  0.15 
(0.22)
 0.34 
(0.33)
 1.22 
EPIVX  0.62  0.11  0.02 (17.28) 0.69 
(0.71)
 1.35 
(1.27)
 4.27 
EPVIX  0.61  0.04 (0.02) 0.24  0.74 
(0.69)
 1.31 
(1.27)
 4.33 

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