Equity Income Correlations
PEIIX Fund | USD 45.33 0.04 0.09% |
The current 90-days correlation between Equity Income and Calamos Dynamic Convertible is 0.28 (i.e., Modest diversification). The correlation of Equity Income 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.
Equity Income Correlation With Market
Very poor diversification
The correlation between Equity Income Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund and DJI in the same portfolio, assuming nothing else is changed.
Equity |
Moving together with Equity Mutual Fund
0.91 | SABPX | Strategic Asset Mana | PairCorr |
0.97 | SACAX | Strategic Asset Mana | PairCorr |
0.92 | PLHHX | Principal Lifetime Hybrid | PairCorr |
0.95 | PMDDX | Small Midcap Dividend | PairCorr |
0.97 | PCGJX | Strategic Asset Mana | PairCorr |
0.95 | VVIAX | Vanguard Value Index | PairCorr |
0.94 | DOXGX | Dodge Cox Stock | PairCorr |
0.78 | AFMFX | American Mutual | PairCorr |
0.71 | FFMMX | American Funds American | PairCorr |
0.71 | FFFMX | American Funds American | PairCorr |
0.78 | AMRMX | American Mutual | PairCorr |
0.87 | AMFFX | American Mutual | PairCorr |
0.87 | AMFCX | American Mutual | PairCorr |
0.82 | DODGX | Dodge Stock Fund | PairCorr |
0.83 | VIVAX | Vanguard Value Index | PairCorr |
0.79 | VTSAX | Vanguard Total Stock | PairCorr |
0.68 | VFIAX | Vanguard 500 Index | PairCorr |
0.79 | VTSMX | Vanguard Total Stock | PairCorr |
0.79 | VSMPX | Vanguard Total Stock | PairCorr |
0.79 | VSTSX | Vanguard Total Stock | PairCorr |
0.68 | VITSX | Vanguard Total Stock | PairCorr |
0.68 | VFINX | Vanguard 500 Index | PairCorr |
0.97 | VFFSX | Vanguard 500 Index | PairCorr |
0.74 | HPQ | HP Inc | PairCorr |
0.9 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.94 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.87 | DIS | Walt Disney | PairCorr |
0.91 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.87 | WMT | Walmart Aggressive Push | PairCorr |
0.82 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Equity Mutual Fund
0.75 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.72 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.72 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.47 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
0.34 | VGTSX | Vanguard Total Inter | PairCorr |
0.34 | VTIAX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
-0.33 | 0.13 | -0.22 | -0.1 | CCD | ||
-0.33 | 0.57 | 0.86 | 0.77 | AVK | ||
0.13 | 0.57 | 0.76 | 0.8 | PBXIX | ||
-0.22 | 0.86 | 0.76 | 0.98 | LCFYX | ||
-0.1 | 0.77 | 0.8 | 0.98 | PRCCX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
CCD | 0.74 | (0.02) | (0.09) | 0.09 | 0.88 | 1.88 | 4.88 | |||
AVK | 0.63 | 0.05 | (0.04) | 0.26 | 0.72 | 1.43 | 5.25 | |||
PBXIX | 0.30 | 0.08 | (0.10) | 0.92 | 0.00 | 0.87 | 1.94 | |||
LCFYX | 0.36 | 0.17 | 0.14 | 7.12 | 0.00 | 1.01 | 2.22 | |||
PRCCX | 0.37 | 0.15 | 0.08 | 6.71 | 0.00 | 0.98 | 1.94 |