Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLPX Fund  USD 22.49  0.13  0.58%   
The current 90-days correlation between Mainstay Epoch Equity and Mainstay Large Cap is 0.9 (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

Very good diversification

The correlation between Mainstay Epoch Equity and DJI is -0.34 (i.e., Very 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 american community survey.

Moving together with Mainstay Mutual Fund

  0.96MLACX Mainstay Large CapPairCorr
  0.99MLAAX Mainstay Large CapPairCorr
  0.96MLAIX Mainstay Large CapPairCorr
  0.96MLRMX Mainstay Winslow LargePairCorr
  0.99MMPDX Mainstay Wmc ValuePairCorr
  0.94MMPCX Mainstay Map EquityPairCorr
  0.99MMRAX Mainstay ModeratePairCorr
  0.96MMRCX Mainstay ModeratePairCorr
  0.96MMRIX Mainstay ModeratePairCorr
  0.96MMRSX Mainstay ModeratePairCorr
  0.96MNERX Mainstay Conservative EtfPairCorr
  0.96MNEVX Mainstay Conservative EtfPairCorr
  0.93APSLX Mainstay Fiera SmidPairCorr
  0.99MNEAX Mainstay Conservative EtfPairCorr
  0.93APSDX Mainstay Fiera SmidPairCorr
  0.96MNELX Mainstay Conservative EtfPairCorr
  0.99MNEKX Mainstay Conservative EtfPairCorr
  0.96EPLMX Mainstay Epoch EquityPairCorr
  0.96EPLKX Mainstay Epoch EquityPairCorr
  0.96EPLCX Mainstay Epoch EquityPairCorr
  0.95FCGYX Mainstay Pinestone GlobalPairCorr
  0.97EPSYX Mainstay Epoch GlobalPairCorr
  0.99EPSPX Mainstay Epoch GlobalPairCorr
  0.97EPSKX Mainstay Epoch GlobalPairCorr
  0.92FCIKX Mainstay PinestonePairCorr
  0.89FCICX Mainstay PinestonePairCorr
  0.99MOEAX Mainstay Growth EtfPairCorr
  0.96MOECX Mainstay Growth EtfPairCorr
  0.96MOEIX Mainstay Growth EtfPairCorr
  0.96MOERX Mainstay Growth EtfPairCorr
  0.96MOEVX Mainstay Growth EtfPairCorr
  0.93FCUPX Mainstay Pinestone EquityPairCorr

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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