Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch International
ICEUX Fund  USD 44.46  0.29  0.66%   
The current 90-days correlation between Mainstay Epoch Inter and Mainstay Large Cap is 0.44 (i.e., Very weak 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 International and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch International 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 Mainstay Epoch International. 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 employment.

Moving together with Mainstay Mutual Fund

  0.96MLACX Mainstay Large CapPairCorr
  0.96MLAAX Mainstay Large CapPairCorr
  0.95MLAIX Mainstay Large CapPairCorr
  0.95MLRMX Mainstay Winslow LargePairCorr
  0.94MMPDX Mainstay Wmc ValuePairCorr
  0.92MMPCX Mainstay Map EquityPairCorr
  0.96MMRAX Mainstay ModeratePairCorr
  0.95MMRCX Mainstay ModeratePairCorr
  0.95MMRIX Mainstay ModeratePairCorr
  0.95MMRSX Mainstay ModeratePairCorr
  0.94MNERX Mainstay Conservative EtfPairCorr
  0.94MNEVX Mainstay Conservative EtfPairCorr
  0.92APSLX Mainstay Fiera SmidPairCorr
  0.96MNEAX Mainstay Conservative EtfPairCorr
  0.94APSDX Mainstay Fiera SmidPairCorr
  0.94MNELX Mainstay Conservative EtfPairCorr
  0.96MNEKX Mainstay Conservative EtfPairCorr
  0.94EPLPX Mainstay Epoch EquityPairCorr
  0.93EPLMX Mainstay Epoch EquityPairCorr
  0.94EPLKX Mainstay Epoch EquityPairCorr
  0.93EPLCX Mainstay Epoch EquityPairCorr
  0.92FCGYX Mainstay Pinestone GlobalPairCorr
  0.96EPSYX Mainstay Epoch GlobalPairCorr
  0.96EPSPX Mainstay Epoch GlobalPairCorr
  0.96EPSKX Mainstay Epoch GlobalPairCorr
  0.91FCIKX Mainstay PinestonePairCorr
  0.9FCICX Mainstay PinestonePairCorr
  0.96MOEAX Mainstay Growth EtfPairCorr
  0.95MOECX Mainstay Growth EtfPairCorr
  0.94MOEIX Mainstay Growth EtfPairCorr
  0.94MOERX Mainstay Growth EtfPairCorr
  0.94MOEVX Mainstay Growth EtfPairCorr
  0.9FCUPX Mainstay Pinestone EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MLACX  0.81  0.34  0.13 (6.78) 0.59 
(1.01)
 2.62 
(1.48)
 5.67 
MLAAX  0.83  0.34  0.14 (3.98) 0.62 
(1.03)
 2.65 
(1.33)
 5.62 
MLAIX  0.81  0.19  0.20  0.36  0.42 
(0.99)
 2.62 
(1.27)
 5.64 
MLRMX  0.81  0.19  0.19  0.36  0.42 
(1.01)
 2.58 
(1.16)
 5.68 
MMHAX  0.19 (0.01) 0.00  0.38  0.00 
 0.00 
 0.45 
(0.44)
 1.42 
MMHDX  0.20 (0.01) 0.00  0.74  0.00 
 0.00 
 0.44 
(0.44)
 1.33 
MMHIX  0.20 (0.01) 0.00  0.64  0.00 
 0.00 
 0.45 
(0.44)
 1.42 
MMPDX  0.61  0.14 (0.08)(0.67) 0.65 
(0.66)
 1.62 
(0.98)
 4.45 
MMPCX  0.61 (0.01)(0.05) 0.15  0.61 
(0.69)
 1.61 
(0.97)
 4.45 
MMRAX  0.35  0.14 (0.07)(1.90) 0.25 
(0.40)
 1.11 
(0.78)
 2.51 

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