Mainstay Epoch Correlations

ICEVX Fund  USD 40.02  0.24  0.60%   
The current 90-days correlation between Mainstay Epoch Inter and Pace Large Value is -0.03 (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

Significant diversification

The correlation between Mainstay Epoch International and DJI is 0.02 (i.e., Significant 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 real.

Moving against Mainstay Mutual Fund

  0.75MMPCX Mainstay Map EquityPairCorr
  0.7MMPDX Mainstay Wmc ValuePairCorr
  0.66MLAIX Mainstay Large CapPairCorr
  0.59MLAAX Mainstay Large CapPairCorr
  0.54MLRMX Mainstay Winslow LargePairCorr
  0.46MMRBX Mainstay ModeratePairCorr
  0.4MMRIX Mainstay ModeratePairCorr
  0.39MMRAX Mainstay ModeratePairCorr
  0.38MMRSX Mainstay ModeratePairCorr
  0.36MKHCX Mainstay High YieldPairCorr
  0.36MLABX Mainstay Large CapPairCorr
  0.36MMRCX Mainstay ModeratePairCorr
  0.35MLACX Mainstay Large CapPairCorr
  0.76APSLX Mainstay Fiera SmidPairCorr
  0.64MOEIX Mainstay Growth EtfPairCorr
  0.55MOEAX Mainstay Growth EtfPairCorr
  0.54MOERX Mainstay Growth EtfPairCorr
  0.49EPLPX Mainstay Epoch EquityPairCorr
  0.49EPLMX Mainstay Epoch EquityPairCorr
  0.47EPLKX Mainstay Epoch EquityPairCorr
  0.47EPLBX Mainstay Epoch EquityPairCorr
  0.43EPLCX Mainstay Epoch EquityPairCorr
  0.41MNEAX Mainstay Conservative EtfPairCorr
  0.31MNELX Mainstay Conservative EtfPairCorr

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.