Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Small
MOPIX Fund  USD 26.78  0.17  0.63%   
The current 90-days correlation between Mainstay Epoch Small and Mainstay Large Cap is -0.08 (i.e., Good 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

Poor diversification

The correlation between Mainstay Epoch Small and DJI is 0.78 (i.e., 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 gross domestic product.

Moving together with Mainstay Mutual Fund

  0.92MLACX Mainstay Large CapPairCorr
  0.92MLAAX Mainstay Large CapPairCorr
  0.93MLAIX Mainstay Large CapPairCorr
  0.93MLRMX Mainstay Winslow LargePairCorr
  0.95MMPDX Mainstay Wmc ValuePairCorr
  0.92MMPCX Mainstay Map EquityPairCorr
  0.93MMRAX Mainstay ModeratePairCorr
  0.93MMRCX Mainstay ModeratePairCorr
  0.93MMRIX Mainstay ModeratePairCorr
  0.93MMRSX Mainstay ModeratePairCorr
  0.93MNERX Mainstay Conservative EtfPairCorr
  0.95MNEVX Mainstay Conservative EtfPairCorr
  0.91APSLX Mainstay Fiera SmidPairCorr
  0.93MNEAX Mainstay Conservative EtfPairCorr
  0.91APSDX Mainstay Fiera SmidPairCorr
  0.95MNELX Mainstay Conservative EtfPairCorr
  0.93MNEKX Mainstay Conservative EtfPairCorr
  0.94EPLPX Mainstay Epoch EquityPairCorr
  0.97EPLMX Mainstay Epoch EquityPairCorr
  0.97EPLKX Mainstay Epoch EquityPairCorr
  0.97EPLCX Mainstay Epoch EquityPairCorr
  0.94FCGYX Mainstay Pinestone GlobalPairCorr
  0.95EPSYX Mainstay Epoch GlobalPairCorr
  0.95EPSPX Mainstay Epoch GlobalPairCorr
  0.93EPSKX Mainstay Epoch GlobalPairCorr
  0.78FCIKX Mainstay PinestonePairCorr
  0.8FCICX Mainstay PinestonePairCorr
  0.93MOEAX Mainstay Growth EtfPairCorr
  0.95MOECX Mainstay Growth EtfPairCorr
  0.95MOEIX Mainstay Growth EtfPairCorr
  0.95MOERX Mainstay Growth EtfPairCorr
  0.95MOEVX Mainstay Growth EtfPairCorr
  0.95FCUPX 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  0.17 (9.54) 0.60 
(1.00)
 2.62 
(1.48)
 5.67 
MLAAX  0.82  0.35  0.18 (5.04) 0.63 
(1.02)
 2.65 
(1.33)
 5.62 
MLAIX  0.83  0.20  0.18  0.32  0.61 
(1.01)
 2.62 
(1.30)
 5.64 
MLRMX  0.83  0.20  0.18  0.32  0.59 
(1.01)
 2.58 
(1.42)
 5.68 
MMHAX  0.20  0.01 (0.39)(0.06) 0.21 
(0.30)
 0.53 
(0.44)
 1.88 
MMHDX  0.20 (0.03) 0.00 (0.38) 0.00 
 0.00 
 0.36 
(0.44)
 1.33 
MMHIX  0.20 (0.02) 0.00 (0.27) 0.00 
 0.00 
 0.45 
(0.44)
 1.42 
MMPDX  0.61  0.01 (0.02) 0.14  0.61 
(0.66)
 1.62 
(0.98)
 4.45 
MMPCX  0.61  0.14 (0.02)(0.79) 0.64 
(0.68)
 1.61 
(0.97)
 4.45 
MMRAX  0.35  0.15  0.02 (2.01) 0.11 
(0.41)
 1.11 
(0.78)
 2.51 

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