Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Small
MOPAX Fund  USD 25.72  0.16  0.63%   
The current 90-days correlation between Mainstay Epoch Small and Intal High Relative is 0.73 (i.e., Poor 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 poor diversification

The correlation between Mainstay Epoch Small and DJI is 0.88 (i.e., Very poor 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 nation.

Moving together with Mainstay Mutual Fund

  0.92MLACX Mainstay Large CapPairCorr
  0.92MLAAX Mainstay Large CapPairCorr
  0.95MLAIX Mainstay Large CapPairCorr
  0.95MLRMX Mainstay Winslow LargePairCorr
  0.97MMPDX Mainstay Wmc ValuePairCorr
  0.97MMPCX Mainstay Map EquityPairCorr
  0.93MMRAX Mainstay ModeratePairCorr
  0.97MMRCX Mainstay ModeratePairCorr
  0.97MMRIX Mainstay ModeratePairCorr
  0.97MMRSX Mainstay ModeratePairCorr
  0.97MNERX Mainstay Conservative EtfPairCorr
  0.97MNEVX Mainstay Conservative EtfPairCorr
  0.94APSLX Mainstay Fiera SmidPairCorr
  0.93MNEAX Mainstay Conservative EtfPairCorr
  0.94APSDX Mainstay Fiera SmidPairCorr
  0.97MNELX Mainstay Conservative EtfPairCorr
  0.93MNEKX Mainstay Conservative EtfPairCorr
  0.92EPLPX Mainstay Epoch EquityPairCorr
  0.97EPLMX Mainstay Epoch EquityPairCorr
  0.92EPLKX Mainstay Epoch EquityPairCorr
  0.98EPLCX Mainstay Epoch EquityPairCorr
  0.95FCGYX Mainstay Pinestone GlobalPairCorr
  0.95EPSYX Mainstay Epoch GlobalPairCorr
  0.92EPSPX Mainstay Epoch GlobalPairCorr
  0.96EPSKX Mainstay Epoch GlobalPairCorr
  0.85FCIKX Mainstay PinestonePairCorr
  0.84FCICX Mainstay PinestonePairCorr
  0.93MOEAX Mainstay Growth EtfPairCorr
  0.97MOECX Mainstay Growth EtfPairCorr
  0.97MOEIX Mainstay Growth EtfPairCorr
  0.97MOERX Mainstay Growth EtfPairCorr
  0.97MOEVX Mainstay Growth EtfPairCorr
  0.96FCUPX 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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