Mainstay Epoch Correlations

Mutual Funds USA . 
Fund . Mainstay Epoch Small
MOINX Fund  USD 24.67  0.25  1.02%   
The current 90-days correlation between Mainstay Epoch Small and Mainstay Tax Free is 0.1 (i.e., Average 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 Small and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Small. 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 board of governors.

Moving together with Mainstay Mutual Fund

  0.77MKINX Mainstay Tax FreePairCorr
  0.93MLGRX Mainstay Large CapPairCorr
  0.93MLINX Mainstay Large CapPairCorr
  0.93MLRTX Mainstay Large CapPairCorr
  0.93MLRSX Mainstay Large CapPairCorr
  0.93MLRRX Mainstay Large CapPairCorr
  0.94MMRDX Mainstay ModeratePairCorr
  0.97EPLIX Mainstay Epoch EquityPairCorr
  0.95EPLDX Mainstay Epoch EquityPairCorr
  0.94EPSRX Mainstay Epoch GlobalPairCorr
  0.94EPSIX Mainstay Epoch GlobalPairCorr
  0.81VCRVX Mainstay Cbre GlobalPairCorr
  0.82VCRQX Mainstay Cbre GlobalPairCorr
  0.68MSCVX Mainstay California TaxPairCorr
  0.95MSMIX Mainstay Map EquityPairCorr
  0.67MSODX Mainstay Mackay CaliPairCorr
  0.93MBERX Mainstay BalancedPairCorr
  0.85MSYEX Mainstay Mackay UncoPairCorr
  0.85MSYDX Mainstay UnconstrainedPairCorr
  0.93MBINX Mainstay BalancedPairCorr
  0.86ICELX Mainstay Epoch InterPairCorr
  0.72MTBDX Mainstay Mackay TaxPairCorr
  0.91MTFEX Mainstay Mackay StrategicPairCorr
  0.91MTFDX Mainstay Mackay StrategicPairCorr
  0.9MTFHX Mainstay Mackay StrategicPairCorr
  0.89MTFFX Mainstay Mackay StrategicPairCorr
  0.93MTINX Mainstay Income BuilderPairCorr
  0.71MTMNX Mainstay Total ReturnPairCorr
  0.93MTODX Mainstay Income BuilderPairCorr
  0.7MTRDX Mainstay Total ReturnPairCorr
  0.94KLGNX Mainstay Nerstone GrowthPairCorr
  0.96MCINX Mainstay ConvertiblePairCorr
  0.95MCKNX Mainstay ConservativePairCorr
  0.63MCSSX Mainstay Mon StockPairCorr
  0.94MCYAX Mainstay CandriamPairCorr

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
MKINX  0.15  0.02 (0.44)(0.42) 0.07 
(0.22)
 0.44 
(0.33)
 1.34 
MLGRX  0.83  0.19  0.18  0.32  0.65 
(0.99)
 2.52 
(1.40)
 5.74 
MLINX  0.82  0.34  0.18 (5.82) 0.61 
(0.98)
 2.55 
(1.30)
 5.60 
MLRTX  0.83  0.34  0.19 (5.93) 0.62 
(1.05)
 2.59 
(1.26)
 5.53 
MLRSX  0.83  0.20  0.19  0.33  0.62 
(0.99)
 2.57 
(1.34)
 5.60 
MLRRX  0.83  0.20  0.19  0.32  0.61 
(1.01)
 2.61 
(1.39)
 5.60 
MMHEX  0.19 (0.03) 0.00 (0.28) 0.00 
 0.00 
 0.45 
(0.45)
 1.51 
MMHVX  0.20  0.01 (0.41)(0.03) 0.22 
(0.27)
 0.53 
(0.44)
 1.97 
MMRDX  0.35  0.07  0.00  0.27  0.25 
(0.38)
 1.03 
(0.84)
 2.50 
MNODX  0.17 (0.02) 0.00 (0.27) 0.00 
 0.00 
 0.44 
(0.33)
 1.20 

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