Europac Gold Correlations

Mutual Funds . USA . 
Fund . Europac Gold Fund
EPGFX Fund  USD 13.50  0.10  0.74%   
The current 90-days correlation between Europac Gold and Europac International Value is 0.82 (i.e., Very poor diversification). The correlation of Europac Gold 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 Gold Correlation With Market

Very good diversification

The correlation between Europac Gold Fund and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europac Gold Fund 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 Gold Fund. 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 census.

Moving together with Europac Mutual Fund

  0.72EPASX Ep Emerging MarketsPairCorr
  0.81EPBIX Europac InternationalPairCorr
  0.93EPDIX Europac InternationalPairCorr
  0.72EPEIX Ep Emerging MarketsPairCorr
  0.93EPDPX Europac InternationalPairCorr
  1.0EPGIX Investment ManagersPairCorr
  0.81EPIBX Europac InternationalPairCorr
  0.97EPIVX Europac InternationalPairCorr
  0.97EPVIX Europac InternationalPairCorr
  0.93SGGDX First Eagle GoldPairCorr
  0.93FEGIX First Eagle GoldPairCorr
  0.92FEGOX First Eagle GoldPairCorr
  0.89OPGSX Oppenheimer Gold SpecPairCorr
  0.89OGMCX Oppenheimer Gold SpecialPairCorr
  0.96FSAGX Gold Portfolio GoldPairCorr
  0.96FIJDX Gold Portfolio FidelityPairCorr
  0.77LIIAX Columbia Porate IncomePairCorr
  0.77SRINX Columbia Porate IncomePairCorr
  0.65WRHIX Ivy High IncomePairCorr
  0.67WHIAX Ivy High IncomePairCorr
  0.68IHIFX Ivy High IncomePairCorr
  0.67IVHIX Ivy High IncomePairCorr
  0.65JAABX Jpmorgan SmartretirementPairCorr
  0.62VSQCX Invesco Global ResponsPairCorr
  0.73MUHLX Muhlenkamp Fund InstPairCorr
  0.63GLCGX Goldman Sachs LargePairCorr
  0.72OAZCX Oakmark BondPairCorr
  0.7BLDRX Blackrock Managed IncomePairCorr
  0.7MHYIX Mainstay High YieldPairCorr
  0.65BOMCX Collegeadvantage 529PairCorr
  0.64JABEX Jhancock MultimanagerPairCorr
  0.69UEPIX Europe 30 ProfundPairCorr
  0.77BNDIX Total Return BondPairCorr
  0.67SNOAX Snow Capital OpportunityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Europac Mutual Fund performing well and Europac Gold 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 Gold'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY