Mainstay Epoch Correlations

ICEVX Fund  USD 40.01  0.01  0.03%   
The current 90-days correlation between Mainstay Epoch Inter and Mutual Of America is 0.48 (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

Modest diversification

The correlation between Mainstay Epoch International and DJI is 0.22 (i.e., Modest 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 together with Mainstay Mutual Fund

  0.94FCICX Mainstay PinestonePairCorr

Moving against Mainstay Mutual Fund

  0.82APSDX Mainstay Fiera SmidPairCorr
  0.81APSLX Mainstay Fiera SmidPairCorr
  0.76MMPDX Mainstay Wmc ValuePairCorr
  0.75MMPCX Mainstay Map EquityPairCorr
  0.66MLAIX Mainstay Large CapPairCorr
  0.6MLAAX Mainstay Large CapPairCorr
  0.58MLRMX Mainstay Winslow LargePairCorr
  0.49MMRIX Mainstay ModeratePairCorr
  0.48MMRAX Mainstay ModeratePairCorr
  0.47MMRSX Mainstay ModeratePairCorr
  0.45MKHCX Mainstay High YieldPairCorr
  0.45MMRCX Mainstay ModeratePairCorr
  0.45MMRBX Mainstay ModeratePairCorr
  0.4MNELX Mainstay Conservative EtfPairCorr
  0.38MNEVX Mainstay Conservative EtfPairCorr
  0.38MNEAX Mainstay Conservative EtfPairCorr
  0.37MNERX Mainstay Conservative EtfPairCorr
  0.35MLACX Mainstay Large CapPairCorr
  0.35MLABX Mainstay Large CapPairCorr
  0.35MNEKX Mainstay Conservative EtfPairCorr
  0.8MOPAX Mainstay Epoch SmallPairCorr
  0.8MOPIX Mainstay Epoch SmallPairCorr
  0.79MOPCX Mainstay Epoch SmallPairCorr
  0.79MOTBX Mainstay Epoch SmallPairCorr
  0.76MAPAX Mainstay Map EquityPairCorr
  0.63MOEAX Mainstay Growth EtfPairCorr
  0.63MOEIX Mainstay Growth EtfPairCorr
  0.62MOECX Mainstay Growth EtfPairCorr
  0.62MOERX Mainstay Growth EtfPairCorr
  0.62MOEVX Mainstay Growth EtfPairCorr
  0.58MOPBX Mainstay Mon StockPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
LIGFXLMEIX
JAIUXMACAX
ICVRXMACAX
LIGFXICVRX
JAIUXICVRX
LMEIXICVRX
  
High negative correlations   
LMEIXFVOKX
LIGFXFVOKX

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.