Vanguard European Correlations

Mutual Funds . USA . 
Fund . Vanguard European Stock
VEUSX Fund  USD 96.37  0.19  0.20%   
The current 90-days correlation between Vanguard European Stock and Vanguard Pacific Stock is 0.81 (i.e., Very poor diversification). The correlation of Vanguard European 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.

Vanguard European Correlation With Market

Significant diversification

The correlation between Vanguard European Stock and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard European Stock and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard European Stock. 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 Vanguard Mutual Fund

  0.84VMIAX Vanguard Materials IndexPairCorr
  0.85VMLUX Vanguard Limited TermPairCorr
  0.85VMLTX Vanguard Limited TermPairCorr
  0.82VMNVX Vanguard Global MinimumPairCorr
  0.84VMMSX Vanguard Emerging MarketsPairCorr
  0.9VMSIX Vanguard Multi SectorPairCorr
  0.8VMVAX Vanguard Mid CapPairCorr
  0.8VMVIX Vanguard Mid CapPairCorr
  0.96VMVFX Vanguard Global MinimumPairCorr
  0.93VMVLX Vanguard Mega CapPairCorr
  0.96VPADX Vanguard Pacific StockPairCorr
  0.87VPACX Vanguard Pacific StockPairCorr
  0.94VPCCX Vanguard PrimecapPairCorr
  0.96VPKIX Vanguard Pacific StockPairCorr
  0.85VPMCX Vanguard PrimecapPairCorr
  0.95VPMAX Vanguard PrimecapPairCorr
  0.81NAESX Vanguard Small CapPairCorr
  0.85VQNPX Vanguard Growth AndPairCorr
  0.75VRTPX Vanguard Reit IiPairCorr
  0.97VADGX Vanguard Advice SelectPairCorr
  0.86VAGVX Vanguard Advice SelectPairCorr
  0.92VAIGX Vanguard Advice SelectPairCorr
  0.81VSCIX Vanguard Small CapPairCorr
  0.85VSCGX Vanguard LifestrategyPairCorr
  0.81VSCPX Vanguard Small CapPairCorr
  0.79VSCSX Vanguard Short TermPairCorr
  0.64VSBIX Vanguard Short TermPairCorr
  0.62VSBSX Vanguard Short TermPairCorr
  0.83VSEMX Vanguard Extended MarketPairCorr
  0.83VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard European 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 Vanguard European'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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