Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLKX Fund  USD 21.20  0.27  1.26%   
The current 90-days correlation between Mainstay Epoch Equity and Qs Growth Fund is 0.92 (i.e., Almost no 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

Good diversification

The correlation between Mainstay Epoch Equity and DJI is -0.16 (i.e., Good 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 industry.

Moving together with Mainstay Mutual Fund

  0.98MLACX Mainstay Large CapPairCorr
  0.97MLAIX Mainstay Large CapPairCorr
  0.99MMRAX Mainstay ModeratePairCorr
  0.96MMRCX Mainstay ModeratePairCorr
  0.96MNEVX Mainstay Conservative EtfPairCorr
  0.92APSLX Mainstay Fiera SmidPairCorr
  0.93APSDX Mainstay Fiera SmidPairCorr
  0.99MNEKX Mainstay Conservative EtfPairCorr
  0.97EPLCX Mainstay Epoch EquityPairCorr
  0.96FCGYX Mainstay Pinestone GlobalPairCorr
  0.97EPSYX Mainstay Epoch GlobalPairCorr
  0.99EPSKX Mainstay Epoch GlobalPairCorr
  0.95FCUDX Mainstay Pinestone EquityPairCorr
  0.94MOPCX Mainstay Epoch SmallPairCorr
  0.81VCRCX Mainstay Cbre GlobalPairCorr
  0.84VCRAX Voya Cbre GlobalPairCorr
  0.82VCRIX Voya Cbre GlobalPairCorr
  0.73MSCAX Mainstay California TaxPairCorr
  0.97MSPIX Mainstay Sp 500PairCorr
  0.96MBACX Mainstay BalancedPairCorr
  0.96MBAIX Mainstay BalancedPairCorr
  0.95MSTIX Mainstay Tax AdvantagedPairCorr
  0.92ICEVX Mainstay Epoch InterPairCorr
  0.92ICEUX Mainstay Epoch InterPairCorr
  0.99MBNAX Mainstay BalancedPairCorr
  0.79MTBAX Mainstay Tax FreePairCorr
  0.79MTBIX Mainstay Tax FreePairCorr
  0.75MTFCX Mainstay Tax FreePairCorr
  0.97MTISX Mainstay Income BuilderPairCorr
  0.99MTRAX Mainstay Income BuilderPairCorr
  0.96MCKSX Mainstay ConservativePairCorr
  0.99MCNVX Mainstay VertiblePairCorr
  0.99MCOAX Mainstay ConvertiblePairCorr
  0.97MCTRX Mainstay Income BuilderPairCorr
  0.97MDARX Mainstay Moderate EtfPairCorr
  0.97MDAVX Mainstay Moderate EtfPairCorr
  0.97MDHCX Mainstay Short DurationPairCorr
  0.98MXFAX Mainstay Floating RatePairCorr

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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