Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLCX Fund  USD 24.49  0.06  0.24%   
The current 90-days correlation between Mainstay Epoch Equity and Goldman Sachs Technology is 0.51 (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

Almost no diversification

The correlation between Mainstay Epoch Equity and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Equity. 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 main economic indicators.

Moving together with Mainstay Mutual Fund

  0.8MKHCX Mainstay High YieldPairCorr
  0.9MLACX Mainstay Large CapPairCorr
  0.9MLABX Mainstay Large CapPairCorr
  0.9MLAAX Mainstay Large CapPairCorr
  0.9MLAIX Mainstay Large CapPairCorr
  0.9MLRMX Mainstay Winslow LargePairCorr
  0.95MMPDX Mainstay Wmc ValuePairCorr
  0.95MMPCX Mainstay Map EquityPairCorr
  0.92MMRAX Mainstay ModeratePairCorr
  0.91MMRCX Mainstay ModeratePairCorr
  0.91MMRBX Mainstay ModeratePairCorr
  0.93MMRIX Mainstay ModeratePairCorr
  0.92MMRSX Mainstay ModeratePairCorr
  0.88MNERX Mainstay Conservative EtfPairCorr
  0.89MNEVX Mainstay Conservative EtfPairCorr
  0.87APSLX Mainstay Fiera SmidPairCorr
  0.89MNEAX Mainstay Conservative EtfPairCorr
  0.87APSDX Mainstay Fiera SmidPairCorr
  0.9MNELX Mainstay Conservative EtfPairCorr
  0.87MNEKX Mainstay Conservative EtfPairCorr
  1.0EPLPX Mainstay Epoch EquityPairCorr
  1.0EPLMX Mainstay Epoch EquityPairCorr
  1.0EPLKX Mainstay Epoch EquityPairCorr
  1.0EPLBX Mainstay Epoch EquityPairCorr
  0.68EPSYX Mainstay Epoch GlobalPairCorr
  0.67EPSPX Mainstay Epoch GlobalPairCorr
  0.63EPSKX Mainstay Epoch GlobalPairCorr
  0.96MOEAX Mainstay Growth EtfPairCorr

Moving against Mainstay Mutual Fund

  0.49FCICX Mainstay PinestonePairCorr

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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY