Europacific Growth Correlations

RERAX Fund

USD 54.20 0.28 0.52%

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 poor diversification

The correlation between Europacific Growth Fund and DJI is 0.8 (i.e., Very poor 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Europacific Growth 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 nation.

Moving together with Europacific Mutual Fund

0.98	RNEBX	New World Fund	Pair Corr
0.85	AMFCX	American Mutual	Pair Corr
0.85	AMFFX	American Mutual	Pair Corr
0.95	RNCCX	American Funds Income	Pair Corr
0.81	RNGGX	New Economy Fund	Pair Corr
0.81	RNGFX	New Economy Fund	Pair Corr
0.81	RNGHX	New Economy Fund	Pair Corr
0.81	RNGBX	New Economy Fund	Pair Corr
0.81	RNGAX	New Economy Fund	Pair Corr
0.95	FPTPX	American Funds Conse	Pair Corr
0.93	RNPGX	New Perspective	Pair Corr
0.85	AMRMX	American Mutual	Pair Corr
0.85	ANCFX	American Funds Funda	Pair Corr
0.81	ANFCX	New Economy Fund	Pair Corr
0.7	FAX	Aberdeen Asia Pacific	Pair Corr
0.91	FAHHX	American Funds American	Pair Corr
0.89	FAJTX	American Funds 2055	Pair Corr
0.87	FSFWX	American Funds Smallcap	Pair Corr
0.89	FAXTX	American Funds 2065	Pair Corr
0.79	GFAFX	Growth Fund	Pair Corr
0.79	GFFFX	Growth Fund	Pair Corr
0.86	SCWCX	American Fds Smallcap	Pair Corr
0.87	SCWFX	Smallcap World	Pair Corr
0.95	FBCIX	American Funds Capital	Pair Corr
0.87	FSWFX	American Funds Smallcap	Pair Corr
0.79	CGFEX	Growth Fund	Pair Corr
0.79	CGFFX	Growth Fund	Pair Corr
0.91	CGGFX	American Funds Global	Pair Corr

Moving against Europacific Mutual Fund

0.45	FPPPX	American Funds Prese	Pair Corr
0.4	AMUSX	Us Government Securities	Pair Corr
0.38	RPPGX	American Funds Prese	Pair Corr
0.37	GVTFX	Us Government Securities	Pair Corr
0.34	ANBEX	American Funds Strategic	Pair Corr
0.47	RAMBX	Short Term Bond	Pair Corr
0.4	CGTFX	Us Government Securities	Pair Corr
0.4	CGTAX	Us Government Securities	Pair Corr
0.39	CGTCX	Us Government Securities	Pair Corr
0.38	FSUUX	American Funds Government	Pair Corr
0.37	FSUGX	American Funds Government	Pair Corr

Related Correlations Analysis

	MODXX	JHMXX	SWGXX	HUCXX	JRSXX	AEAXX
MODXX		0.0	0.0	0.0	0.0	0.0	MODXX
JHMXX	0.0		0.0	0.0	0.0	0.0	JHMXX
SWGXX	0.0	0.0		0.0	0.0	0.0	SWGXX
HUCXX	0.0	0.0	0.0		0.0	0.0	HUCXX
JRSXX	0.0	0.0	0.0	0.0		0.0	JRSXX
AEAXX	0.0	0.0	0.0	0.0	0.0		AEAXX
	MODXX	JHMXX	SWGXX	HUCXX	JRSXX	AEAXX

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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

JHMXX	+ 0.0	MODXX
SWGXX	+ 0.0	MODXX
HUCXX	+ 0.0	MODXX
JRSXX	+ 0.0	MODXX
AEAXX	+ 0.0	MODXX
SWGXX	+ 0.0	JHMXX

High negative correlations

AEAXX	- 0.0	JRSXX
AEAXX	- 0.0	HUCXX
JRSXX	- 0.0	HUCXX
AEAXX	- 0.0	SWGXX
JRSXX	- 0.0	SWGXX
HUCXX	- 0.0	SWGXX

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	Maximum Drawdown
MODXX	0.00	0.00
JHMXX	0.00	0.00
SWGXX	0.03	1.01
HUCXX	0.00	0.00
JRSXX	0.00	0.00
AEAXX	0.00	0.00

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