Europe 30 Correlations
UEPIX Fund | USD 17.49 0.07 0.40% |
The current 90-days correlation between Europe 30 Profund and Short Real Estate is -0.61 (i.e., Excellent diversification). The correlation of Europe 30 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.
Europe 30 Correlation With Market
Poor diversification
The correlation between Europe 30 Profund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europe 30 Profund and DJI in the same portfolio, assuming nothing else is changed.
Europe |
Moving together with Europe Mutual Fund
0.94 | TEPIX | Technology Ultrasector | PairCorr |
0.61 | TEPSX | Technology Ultrasector | PairCorr |
0.96 | LGPIX | Large Cap Growth | PairCorr |
0.96 | LGPSX | Profunds Large Cap | PairCorr |
0.96 | OTPIX | Nasdaq 100 Profund | PairCorr |
0.9 | UJPIX | Ultrajapan Profund | PairCorr |
0.65 | OTPSX | Nasdaq 100 Profund | PairCorr |
0.91 | MLPIX | Mid Cap Value | PairCorr |
0.73 | ENPSX | Oil Gas Ultrasector | PairCorr |
0.9 | BTCFX | Bitcoin Strategy Profund | PairCorr |
0.82 | PHPIX | Pharmaceuticals Ultrasector | PairCorr |
0.96 | INPIX | Internet Ultrasector | PairCorr |
0.96 | INPSX | Internet Ultrasector | PairCorr |
0.63 | ULPIX | Ultrabull Profund | PairCorr |
0.63 | ULPSX | Ultrabull Profund | PairCorr |
0.96 | WCPIX | Mobile Telecommunicatio | PairCorr |
0.7 | WCPSX | Mobile Telecommunicatio | PairCorr |
0.79 | OEPSX | Oil Equipment Services | PairCorr |
0.63 | CYPIX | Consumer Services | PairCorr |
0.63 | OEPIX | Oil Equipment Services | PairCorr |
0.91 | SVPIX | Small Cap Value | PairCorr |
0.92 | UMPSX | Ultramid Cap Profund | PairCorr |
0.92 | UMPIX | Ultramid Cap Profund | PairCorr |
Moving against Europe Mutual Fund
0.96 | BRPIX | Bear Profund Bear | PairCorr |
0.96 | BRPSX | Bear Profund Bear | PairCorr |
0.94 | UIPIX | Ultrashort Mid Cap | PairCorr |
0.94 | UIPSX | Ultrashort Mid Cap | PairCorr |
0.93 | UKPIX | Ultrashort Japan Profund | PairCorr |
0.77 | SRPSX | Short Real Estate | PairCorr |
0.73 | SRPIX | Short Real Estate | PairCorr |
0.62 | UKPSX | Ultrashort Japan Profund | PairCorr |
0.44 | GVPSX | Us Government Plus | PairCorr |
0.41 | GVPIX | Us Government Plus | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Europe Mutual Fund performing well and Europe 30 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 Europe 30'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SRPIX | 0.62 | (0.01) | 0.00 | 0.14 | 0.00 | 1.28 | 4.17 | |||
SRPSX | 0.62 | (0.01) | 0.00 | 0.16 | 0.00 | 1.36 | 4.33 | |||
UIPIX | 1.53 | (0.16) | 0.00 | 0.21 | 0.00 | 3.12 | 11.68 | |||
UIPSX | 1.54 | (0.16) | 0.00 | 0.21 | 0.00 | 3.11 | 11.68 | |||
TEPIX | 1.39 | 0.38 | 0.27 | 0.37 | 1.25 | 3.59 | 9.62 | |||
TEPSX | 1.28 | 0.75 | 0.58 | 6.00 | 0.13 | 3.56 | 9.60 | |||
LGPIX | 0.80 | 0.18 | 0.16 | 0.31 | 0.66 | 2.41 | 5.29 | |||
LGPSX | 0.80 | 0.18 | 0.15 | 0.31 | 0.65 | 2.40 | 5.28 | |||
BRPIX | 0.65 | (0.10) | 0.00 | 0.25 | 0.00 | 1.14 | 5.63 | |||
BRPSX | 0.64 | (0.11) | 0.00 | 0.25 | 0.00 | 1.06 | 5.62 |