Central Europe Correlations

CEE Fund

USD 11.85 0.02 0.17%

The current 90-days correlation between Central Europe Russia and Siit High Yield is 0.24 (i.e., Modest diversification). The correlation of Central Europe 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.

Central Europe Correlation With Market

Very weak diversification

The correlation between Central Europe Russia and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Europe Russia and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Europe Russia. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Central Fund

0.76	KMKCX	Kinetics Market Oppo	Pair Corr
0.73	LSHCX	Horizon Spin Off	Pair Corr
0.75	KNPCX	Kinetics Paradigm	Pair Corr
0.76	KMKAX	Kinetics Market Oppo	Pair Corr
0.75	WWNPX	Kinetics Paradigm	Pair Corr
0.73	LSHUX	Horizon Spin Off	Pair Corr
0.75	KNPYX	Kinetics Paradigm	Pair Corr
0.75	KNPAX	Kinetics Paradigm	Pair Corr
0.74	LVOAX	Lord Abbett Value	Pair Corr
0.65	FBGRX	Fidelity Blue Chip	Pair Corr
0.73	TFGRX	Touchstone Mid Cap	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.63	PMBPX	Midcap Fund R	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	SGYAX	CYBAX	DURPX	NEAIX	AWF	LBETX	PHDTX
SGYAX		0.88	0.8	0.09	0.19	0.79	0.96	SGYAX
CYBAX	0.88		0.64	0.11	0.45	0.63	0.89	CYBAX
DURPX	0.8	0.64		0.56	0.02	0.99	0.85	DURPX
NEAIX	0.09	0.11	0.56		0.26	0.54	0.27	NEAIX
AWF	0.19	0.45	0.02	0.26		-0.02	0.27	AWF
LBETX	0.79	0.63	0.99	0.54	-0.02		0.85	LBETX
PHDTX	0.96	0.89	0.85	0.27	0.27	0.85		PHDTX
	SGYAX	CYBAX	DURPX	NEAIX	AWF	LBETX	PHDTX

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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

LBETX	+ 0.99	DURPX
PHDTX	+ 0.96	SGYAX
PHDTX	+ 0.89	CYBAX
CYBAX	+ 0.88	SGYAX
PHDTX	+ 0.85	DURPX
PHDTX	+ 0.85	LBETX

High negative correlations

LBETX

- 0.02

AWF

Risk-Adjusted Indicators

There is a big difference between Central Fund performing well and Central Europe 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 Central Europe'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
SGYAX	0.14	0.03	(0.35)	0.43	0.00	(0.25)	0.29	(0.14)	1.28
CYBAX	0.10	0.01	(0.65)	0.22	0.00	(0.13)	0.24	(0.16)	0.73
DURPX	0.54	(0.01)	(0.05)	0.08	0.53	(0.67)	1.10	(1.11)	2.80
NEAIX	1.06	(0.18)	0.00	(0.02)	0.00	0.00	2.16	(2.27)	6.76
AWF	0.33	(0.03)	(0.22)	(0.01)	0.39	(0.40)	0.74	(0.74)	1.92
LBETX	0.23	(0.01)	(0.18)	0.08	0.23	(0.29)	0.54	(0.52)	1.43
PHDTX	0.10	0.02	(0.46)	0.39	0.00	(0.16)	0.23	(0.11)	0.56

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