Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Portfolio
GEQIX Fund  USD 14.99  0.16  1.06%   
The current 90-days correlation between Equity Income Portfolio and Goldman Sachs Financial is 0.02 (i.e., Significant diversification). The correlation of Equity Income 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.

Equity Income Correlation With Market

Almost no diversification

The correlation between Equity Income Portfolio and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Equity Income Portfolio. 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 Equity Mutual Fund

  0.89NOVIX Glenmede InternationalPairCorr
  0.98GWILX Woman In LeadershipPairCorr
  0.98RESGX Responsible Esg EquityPairCorr
  0.95GLSOX Secured Options PortfolioPairCorr
  0.99GQLVX Quantitative U SPairCorr
  0.97GQSCX Quantitative U SPairCorr
  0.81GTAPX Long/short PortfolioPairCorr
  0.97GTCEX Strategic Equity PorPairCorr
  0.77GTCIX International PortfolioPairCorr
  0.94GTCSX Small Cap EquityPairCorr
  0.88GTILX Large Cap GrowthPairCorr
  0.97GTLIX Large Cap CorePairCorr
  0.88GTLLX Large Cap GrowthPairCorr
  0.97GTLOX Large Cap EPairCorr
  0.76GTLSX Quantitative LongshortPairCorr
  0.95GTSOX Secured Options PortfolioPairCorr
  0.94GTSCX Small Cap EquityPairCorr
  0.93GTTMX Total Market PortfolioPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.89DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.97AMRMX American MutualPairCorr
  0.88AMFFX American MutualPairCorr
  0.89AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.87VFFSX Vanguard 500 IndexPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.8VTISX Vanguard Total InterPairCorr
  0.8VTSNX Vanguard Total InterPairCorr
  0.83VTPSX Vanguard Total InterPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.9PMACX Pioneer Multi AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY