Eic Value Correlations

EICVX Fund

USD 17.77 0.01 0.06%

The current 90-days correlation between Eic Value Fund and Dws Global Macro is 0.82 (i.e., Very poor diversification). The correlation of Eic Value 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.

Eic Value Correlation With Market

Almost no diversification

The correlation between Eic Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eic Value 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 Eic Value 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 real.

Moving together with Eic Mutual Fund

1.0	EICCX	Eic Value Fund	Pair Corr
0.94	VVIAX	Vanguard Value Index	Pair Corr
0.91	DOXGX	Dodge Cox Stock	Pair Corr
0.94	AFMFX	American Mutual	Pair Corr
0.94	FFMMX	American Funds American	Pair Corr
0.94	FFFMX	American Funds American	Pair Corr
0.94	AMRMX	American Mutual	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.94	AMFCX	American Mutual	Pair Corr
0.95	DODGX	Dodge Stock Fund	Pair Corr
0.94	VIVAX	Vanguard Value Index	Pair Corr
0.75	ASG	Liberty All Star	Pair Corr
0.77	CII	Blackrock Enhanced	Pair Corr
0.86	ETV	Eaton Vance Tax	Pair Corr
0.76	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.74	CRF	Cornerstone Strategic	Pair Corr
0.86	USA	Liberty All Star	Pair Corr
0.9	ETY	Eaton Vance Tax	Pair Corr
0.93	NFJ	Virtus Dividend Interest	Pair Corr
0.77	BRKBX	Mfs Blended Research	Pair Corr
0.83	READX	Lazard Emerging Markets	Pair Corr
0.75	GAB	Gabelli Equity Trust	Pair Corr
0.79	EMRYX	Emerging Markets	Pair Corr

Moving against Eic Mutual Fund

0.33	WSGIX	Wells Fargo Short	Pair Corr
0.32	EIIMX	Eaton Vance Diversified	Pair Corr

Related Correlations Analysis

	DBIWX	DODWX	ANAZX	SGMAX	TBCUX	CABIX	BXFIX
DBIWX		0.78	0.31	0.91	0.9	0.94	0.73	DBIWX
DODWX	0.78		0.02	0.94	0.79	0.84	0.89	DODWX
ANAZX	0.31	0.02		0.19	0.07	0.4	0.19	ANAZX
SGMAX	0.91	0.94	0.19		0.87	0.91	0.86	SGMAX
TBCUX	0.9	0.79	0.07	0.87		0.81	0.69	TBCUX
CABIX	0.94	0.84	0.4	0.91	0.81		0.84	CABIX
BXFIX	0.73	0.89	0.19	0.86	0.69	0.84		BXFIX
	DBIWX	DODWX	ANAZX	SGMAX	TBCUX	CABIX	BXFIX

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Risk-Adjusted Indicators

There is a big difference between Eic Mutual Fund performing well and Eic Value 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 Eic Value'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
DBIWX	0.38	0.05	0.16	0.08	0.56	(0.39)	0.68	(0.85)	4.19
DODWX	0.92	0.11	0.08	0.05	1.54	(0.92)	1.98	(1.90)	8.34
ANAZX	0.20	0.00	0.26	(0.18)	0.20	(0.30)	0.44	(0.44)	1.30
SGMAX	0.72	0.09	0.11	0.08	1.08	(0.79)	1.36	(1.33)	6.25
TBCUX	0.78	0.17	0.17	0.24	1.09	(0.91)	1.57	(1.17)	7.83
CABIX	0.43	0.02	0.12	(0.01)	0.62	(0.45)	0.93	(0.91)	3.47
BXFIX	0.14	0.01	0.28	(0.01)	0.18	(0.23)	0.47	(0.23)	1.42

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