Real Estate Correlations

Mutual Funds . USA . 
Fund . Real Estate Ultrasector
REPIX Fund  USD 41.63  0.05  0.12%   
The current 90-days correlation between Real Estate Ultrasector and Guinness Atkinson Global is 0.59 (i.e., Very weak diversification). The correlation of Real Estate 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.

Real Estate Correlation With Market

Very good diversification

The correlation between Real Estate Ultrasector and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Estate Ultrasector 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 Real Estate Ultrasector. 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 gross domestic product.

Moving together with Real Mutual Fund

  0.73TEPIX Technology UltrasectorPairCorr
  0.73TEPSX Technology UltrasectorPairCorr
  0.79LGPIX Large Cap GrowthPairCorr
  0.79LGPSX Profunds Large CapPairCorr
  0.74OTPIX Nasdaq 100 ProfundPairCorr
  0.77UJPIX Ultrajapan ProfundPairCorr
  0.74OTPSX Nasdaq 100 ProfundPairCorr
  0.77UJPSX Ultrajapan ProfundPairCorr
  0.75MLPSX Mid Cap ValuePairCorr
  0.75MLPIX Mid Cap ValuePairCorr
  0.8BTCFX Bitcoin Strategy Profund Steady GrowthPairCorr
  0.84PHPIX Pharmaceuticals Ultrasector Steady GrowthPairCorr
  0.76PHPSX Pharmaceuticals Ultrasector Steady GrowthPairCorr
  0.77INPIX Internet UltrasectorPairCorr
  0.77INPSX Internet UltrasectorPairCorr
  0.78ULPIX Ultrabull ProfundPairCorr
  0.74ULPSX Ultrabull ProfundPairCorr
  0.74WCPIX Mobile TelecommunicatioPairCorr
  0.74WCPSX Mobile TelecommunicatioPairCorr
  0.63OEPSX Oil Equipment Services Steady GrowthPairCorr
  0.71CYPSX Consumer ServicesPairCorr
  0.71CYPIX Consumer ServicesPairCorr
  0.69OEPIX Oil Equipment Services Steady GrowthPairCorr
  0.73SVPIX Small Cap ValuePairCorr
  0.73SVPSX Small Cap ValuePairCorr
  0.76UMPSX Ultramid Cap ProfundPairCorr
  0.76UMPIX Ultramid Cap ProfundPairCorr

Moving against Real Mutual Fund

  0.88SRPSX Short Real EstatePairCorr
  0.87SRPIX Short Real EstatePairCorr
  0.86UIPSX Ultrashort Mid CapPairCorr
  0.83BRPIX Bear Profund BearPairCorr
  0.83BRPSX Bear Profund BearPairCorr
  0.81UKPSX Ultrashort Japan Profund Steady GrowthPairCorr
  0.81UKPIX Ultrashort Japan Profund Steady GrowthPairCorr
  0.79UIPIX Ultrashort Mid CapPairCorr
  0.39GVPSX Us Government PlusPairCorr
  0.37GVPIX Us Government PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Estate 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 Real Estate'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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