Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLDX Fund  USD 22.72  0.05  0.22%   
The current 90-days correlation between Mainstay Epoch Equity and Leader Short Term Bond is 0.01 (i.e., Significant diversification). The correlation of Mainstay Epoch 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.

Mainstay Epoch Correlation With Market

Almost no diversification

The correlation between Mainstay Epoch Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Equity 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 Mainstay Epoch Equity. 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 unemployment.

Moving together with Mainstay Mutual Fund

  0.73MKINX Mainstay Tax FreePairCorr
  0.98MLGRX Mainstay Large CapPairCorr
  0.97MLINX Mainstay Large CapPairCorr
  0.97MLRTX Mainstay Large CapPairCorr
  0.98MLRSX Mainstay Large CapPairCorr
  0.98MLRRX Mainstay Large CapPairCorr
  0.99MMRDX Mainstay ModeratePairCorr
  0.98EPLIX Mainstay Epoch EquityPairCorr
  0.99EPSRX Mainstay Epoch GlobalPairCorr
  0.99EPSIX Mainstay Epoch GlobalPairCorr
  0.95MOINX Mainstay Epoch SmallPairCorr
  0.88VCRVX Mainstay Cbre GlobalPairCorr
  0.88VCRQX Mainstay Cbre GlobalPairCorr
  0.63MSCVX Mainstay California TaxPairCorr
  0.96MSMIX Mainstay Map EquityPairCorr
  0.66MSODX Mainstay Mackay CaliPairCorr
  0.99MBERX Mainstay BalancedPairCorr
  0.91MSYEX Mainstay Mackay UncoPairCorr
  0.91MSYDX Mainstay UnconstrainedPairCorr
  0.99MBINX Mainstay BalancedPairCorr
  0.94ICELX Mainstay Epoch InterPairCorr
  0.73MTBDX Mainstay Mackay TaxPairCorr
  0.91MTFEX Mainstay Mackay StrategicPairCorr
  0.91MTFDX Mainstay Mackay StrategicPairCorr
  0.93MTFHX Mainstay Mackay StrategicPairCorr
  0.92MTFFX Mainstay Mackay StrategicPairCorr
  0.96MTINX Mainstay Income BuilderPairCorr
  0.75MTMNX Mainstay Total ReturnPairCorr
  0.99MTODX Mainstay Income BuilderPairCorr
  0.77MTRDX Mainstay Total ReturnPairCorr
  0.97KLGNX Mainstay Nerstone GrowthPairCorr
  0.98MCINX Mainstay ConvertiblePairCorr
  0.97MCKNX Mainstay ConservativePairCorr
  0.97MCYAX Mainstay CandriamPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Epoch 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 Mainstay Epoch'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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