Equity Income Correlations
PEIIX Fund | USD 45.33 0.04 0.09% |
The current 90-days correlation between Equity Income and Issachar Fund Class is 0.13 (i.e., Average 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 |
0.94 | SACAX | Strategic Asset Mana | PairCorr |
0.97 | SAGPX | Strategic Asset Mana | PairCorr |
0.92 | PGBGX | Blue Chip Fund | PairCorr |
0.92 | PGBHX | Blue Chip Fund | PairCorr |
0.97 | PGRTX | Smallcap Growth | PairCorr |
0.96 | PGWIX | Midcap Growth | PairCorr |
0.94 | SCBPX | Strategic Asset Mana | PairCorr |
0.72 | SCIPX | Strategic Asset Mana | PairCorr |
0.84 | PHJJX | Principal Lifetime Hybrid | PairCorr |
0.91 | PHTYX | Principal Lifetime Hybrid | PairCorr |
0.71 | PHYTX | High Yield Fund | PairCorr |
0.94 | PJARX | Smallcap Value | PairCorr |
0.68 | PLFJX | Principal Lifetime 2020 | PairCorr |
0.94 | PLFPX | Largecap Sp 500 | PairCorr |
0.94 | PLGJX | Largecap Growth | PairCorr |
0.93 | PLJCX | Principal Lifetime 2065 | PairCorr |
0.61 | PLJDX | Principal Lifetime 2065 | PairCorr |
0.88 | PLKTX | Principal Lifetime Hybrid | PairCorr |
0.89 | PLMTX | Principal Lifetime Hybrid | PairCorr |
0.91 | PLNTX | Principal Lifetime Hybrid | PairCorr |
0.97 | PLSAX | Largecap Sp 500 | PairCorr |
0.93 | PLTCX | Principal Lifetime 2060 | PairCorr |
0.94 | PLTOX | Principal Lifetime 2060 | PairCorr |
0.81 | PLTJX | Principal Lifetime 2030 | PairCorr |
Moving against Equity Mutual Fund
0.59 | PGRVX | Global Real Estate | PairCorr |
0.54 | PGRKX | Global Real Estate | PairCorr |
0.52 | PGRUX | Global Real Estate | PairCorr |
0.33 | PGDIX | Global Diversified Income | PairCorr |
0.55 | PINTX | Overseas Fund R | PairCorr |
0.54 | PIPJX | Inflation Protection | PairCorr |
0.53 | PIPIX | Inflation Protection | PairCorr |
0.44 | PINRX | Diversified International | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LIOTX | 0.63 | 0.09 | (0.02) | 0.63 | 0.71 | 1.25 | 3.36 | |||
OPTCX | 0.15 | 0.04 | (0.47) | 1.13 | 0.00 | 0.32 | 1.04 | |||
ABVCX | 0.53 | 0.11 | (0.04) | 2.44 | 0.31 | 1.09 | 3.88 | |||
SCYVX | 0.92 | 0.09 | (0.03) | 0.92 | 0.96 | 1.95 | 7.36 | |||
LBHIX | 0.10 | 0.01 | (0.49) | 0.65 | 0.00 | 0.24 | 0.71 | |||
TWBIX | 0.35 | 0.03 | (0.18) | 0.93 | 0.43 | 0.77 | 2.38 | |||
USCAX | 0.92 | 0.06 | (0.04) | 0.39 | 0.95 | 2.07 | 7.45 | |||
USNQX | 0.71 | 0.07 | 0.04 | 0.22 | 0.80 | 1.55 | 5.14 |