Real Estate Correlations

REPSX Fund

USD 38.96 0.19 0.49%

The current 90-days correlation between Real Estate Ultrasector and Elfun Government Money is 0.08 (i.e., Significant 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

Very weak diversification

The correlation between Real Estate Ultrasector and DJI is 0.59 (i.e., Very weak 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 state.

Moving together with Real Mutual Fund

0.65	TEPIX	Technology Ultrasector Steady Growth	Pair Corr
0.64	LGPSX	Profunds Large Cap	Pair Corr
0.67	OTPIX	Nasdaq 100 Profund	Pair Corr
0.61	MLPIX	Mid Cap Value	Pair Corr
0.69	INPIX	Internet Ultrasector	Pair Corr
0.67	INPSX	Internet Ultrasector	Pair Corr
0.66	CYPSX	Consumer Services	Pair Corr
0.67	SVPIX	Small Cap Value	Pair Corr
0.66	UOPIX	Ultra Nasdaq 100	Pair Corr
0.66	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.71	SGPIX	Small Cap Growth	Pair Corr
0.66	FYAIX	Access Flex High	Pair Corr
0.8	REPIX	Real Estate Ultrasector	Pair Corr
0.68	UAPIX	Ultrasmall Cap Profund	Pair Corr
0.64	MDPIX	Mid Cap Profund	Pair Corr
0.71	UTPIX	Utilities Ultrasector	Pair Corr
0.68	SLPIX	Small Cap Profund	Pair Corr
0.65	UUPIX	Ultraemerging Markets Steady Growth	Pair Corr
0.68	BMPIX	Basic Materials Ultr	Pair Corr
0.65	MGPIX	Mid Cap Growth	Pair Corr
0.7	FNPIX	Financials Ultrasector	Pair Corr
0.63	RYVYX	Nasdaq 100 2x	Pair Corr
0.63	RYVLX	Nasdaq 100 2x	Pair Corr
0.66	RYCCX	Nasdaq 100 2x	Pair Corr
0.66	RMQHX	Monthly Rebalance	Pair Corr
0.63	RMQAX	Monthly Rebalance	Pair Corr
0.66	RMQCX	Monthly Rebalance	Pair Corr
0.66	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.62	FSMMX	Fs Multi Strategy	Pair Corr

Moving against Real Mutual Fund

1.0	SRPIX	Short Real Estate	Pair Corr
0.51	SNPIX	Short Oil Gas Steady Growth	Pair Corr

Related Correlations Analysis

	ELMXX	DNCGX	SSAGX	RYAQX	DVPXX	DPIGX	TWACX	FCSCX
ELMXX		0.44	0.56	0.3	1.0	0.42	0.37	0.52	ELMXX
DNCGX	0.44		0.84	0.03	0.44	0.91	0.85	0.83	DNCGX
SSAGX	0.56	0.84		0.36	0.56	0.9	0.81	0.93	SSAGX
RYAQX	0.3	0.03	0.36		0.3	-0.02	-0.13	0.15	RYAQX
DVPXX	1.0	0.44	0.56	0.3		0.42	0.37	0.52	DVPXX
DPIGX	0.42	0.91	0.9	-0.02	0.42		0.96	0.94	DPIGX
TWACX	0.37	0.85	0.81	-0.13	0.37	0.96		0.91	TWACX
FCSCX	0.52	0.83	0.93	0.15	0.52	0.94	0.91		FCSCX
	ELMXX	DNCGX	SSAGX	RYAQX	DVPXX	DPIGX	TWACX	FCSCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DVPXX	+ 1.0	ELMXX
TWACX	+ 0.96	DPIGX
FCSCX	+ 0.94	DPIGX
FCSCX	+ 0.93	SSAGX
DPIGX	+ 0.91	DNCGX
FCSCX	+ 0.91	TWACX

High negative correlations

TWACX	- 0.13	RYAQX
DPIGX	- 0.02	RYAQX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ELMXX	0.03	0.00	0.00	2.12	0.00	0.00	0.00	0.00	1.01
DNCGX	0.19	0.01	(0.43)	0.25	0.15	(0.23)	0.32	(0.41)	1.05
SSAGX	0.06	0.01	(1.22)	2.26	0.00	(0.18)	0.10	(0.10)	0.61
RYAQX	0.63	0.05	(0.13)	(4.31)	0.61	(0.78)	1.28	(1.11)	3.33
DVPXX	0.03	0.00	0.00	2.12	0.00	0.00	0.00	0.00	1.01
DPIGX	0.09	0.00	(0.97)	0.40	0.00	(0.13)	0.11	(0.21)	0.63
TWACX	0.09	0.00	(0.91)	0.15	0.00	(0.16)	0.22	(0.22)	0.56
FCSCX	0.06	0.00	(0.95)	0.22	0.00	(0.20)	0.13	(0.13)	0.53

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