Europac Gold Correlations

Mutual Funds . USA . 
Fund . Europac Gold Fund
EPGFX Fund  USD 11.50  0.14  1.23%   
The current 90-days correlation between Europac Gold and Europac International Value is 0.81 (i.e., Very poor diversification). The correlation of Europac Gold 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.

Europac Gold Correlation With Market

Significant diversification

The correlation between Europac Gold Fund and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europac Gold Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Europac Gold 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 census.

Moving together with Europac Mutual Fund

  0.69EPASX Ep Emerging MarketsPairCorr
  0.74EPBIX Europac InternationalPairCorr
  0.75EPDIX Europac InternationalPairCorr
  0.7EPEIX Ep Emerging MarketsPairCorr
  0.71EPDPX Europac International Potential GrowthPairCorr
  1.0EPGIX Investment ManagersPairCorr
  0.74EPIBX Europac InternationalPairCorr
  0.68EPIVX Europac InternationalPairCorr
  0.68EPVIX Europac InternationalPairCorr
  0.91SGGDX First Eagle GoldPairCorr
  0.91FEGIX First Eagle GoldPairCorr
  0.85FEGOX First Eagle GoldPairCorr
  0.89OPGSX Oppenheimer Gold SpecPairCorr
  0.97OGMCX Oppenheimer Gold SpecialPairCorr
  0.9FSAGX Gold Portfolio GoldPairCorr
  0.83FIJDX Gold Portfolio FidelityPairCorr
  0.69XGEIX Guggenheim Energy IncomePairCorr
  0.64BRUFX Bruce Fund BrucePairCorr
  0.88AAGTX American Funds 2040PairCorr
  0.84VWVFX Tomorrows Scholar CollegePairCorr
  0.77RIDEX Income FundPairCorr
  0.82ANWFX New PerspectivePairCorr
  0.74FPADX Fidelity Emerging MarketsPairCorr
  0.76CJEAX Janus Enterprise 529PairCorr
  0.86LADTX Lord Abbett DevelopingPairCorr
  0.95FGPMX Franklin Gold AndPairCorr
  0.82PMSSX Midcap Sp 400PairCorr
  0.62PGBIX Global Bond FundPairCorr

Moving against Europac Mutual Fund

  0.6XWMFX Western Asset MiddlePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Europac Mutual Fund performing well and Europac Gold 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 Europac Gold'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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