Real Estate Correlations

Mutual Funds . USA . 
Fund . Real Estate Ultrasector
REPIX Fund  USD 41.91  0.07  0.17%   
The current 90-days correlation between Real Estate Ultrasector and Auer Growth Fund is -0.1 (i.e., Good diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Good diversification

The correlation between Real Estate Ultrasector and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Ultrasector and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Real Estate Ultrasector. 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 gross domestic product.

Moving together with Real Mutual Fund

  0.63TEPIX Technology UltrasectorPairCorr
  0.63TEPSX Technology UltrasectorPairCorr
  0.7LGPIX Large Cap GrowthPairCorr
  0.71LGPSX Profunds Large CapPairCorr
  0.63OTPIX Nasdaq 100 ProfundPairCorr
  0.66UJPIX Ultrajapan ProfundPairCorr
  0.63OTPSX Nasdaq 100 ProfundPairCorr
  0.66UJPSX Ultrajapan ProfundPairCorr
  0.72MLPSX Mid Cap ValuePairCorr
  0.84MLPIX Mid Cap ValuePairCorr
  0.63BTCFX Bitcoin Strategy ProfundPairCorr
  0.74PHPIX Pharmaceuticals UltrasectorPairCorr
  0.74PHPSX Pharmaceuticals UltrasectorPairCorr
  0.64INPIX Internet UltrasectorPairCorr
  0.71INPSX Internet UltrasectorPairCorr
  0.76ULPIX Ultrabull ProfundPairCorr
  0.67ULPSX Ultrabull ProfundPairCorr
  0.66WCPIX Mobile TelecommunicatioPairCorr
  0.66WCPSX Mobile TelecommunicatioPairCorr
  0.64CYPSX Consumer ServicesPairCorr
  0.64CYPIX Consumer ServicesPairCorr
  0.66OEPIX Oil Equipment Services Steady GrowthPairCorr
  0.72SVPIX Small Cap ValuePairCorr
  0.72SVPSX Small Cap ValuePairCorr
  0.72UMPSX Ultramid Cap Profund Steady GrowthPairCorr
  0.72UMPIX Ultramid Cap Profund Steady GrowthPairCorr

Moving against Real Mutual Fund

  0.83SRPIX Short Real Estate Potential GrowthPairCorr
  0.83SRPSX Short Real Estate Potential GrowthPairCorr
  0.83UIPSX Ultrashort Mid CapPairCorr
  0.77BRPIX Bear Profund Bear Potential GrowthPairCorr
  0.77BRPSX Bear Profund Bear Potential GrowthPairCorr
  0.71UIPIX Ultrashort Mid CapPairCorr
  0.68UKPSX Ultrashort Japan Profund Potential GrowthPairCorr
  0.68UKPIX Ultrashort Japan Profund Potential GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Estate 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 Real Estate'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.

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