Eip Growth Correlations
| EIPIX Fund | USD 19.23 0.17 0.89% |
The current 90-days correlation between Eip Growth And and Eip Growth And is 1.0 (i.e., No risk reduction). The correlation of Eip Growth 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.
Eip Growth Correlation With Market
Weak diversification
The correlation between Eip Growth And and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eip Growth And and DJI in the same portfolio, assuming nothing else is changed.
Eip |
Moving together with Eip Mutual Fund
| 1.0 | EIPFX | Eip Growth And | PairCorr |
| 0.71 | MLPZX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.7 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.69 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.64 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.65 | FTYPX | Fidelity Freedom Index | PairCorr |
| 0.65 | FFBTX | Fidelity Freedom Blend | PairCorr |
| 0.64 | GAAVX | Gmo Alternative Allo | PairCorr |
| 0.65 | GHVIX | Gmo High Yield | PairCorr |
| 0.65 | GMCQX | Gmo Equity Allocation | PairCorr |
| 0.61 | FINFX | American Funds Funda | PairCorr |
| 0.66 | MIGYX | Oppenheimer Main Street | PairCorr |
| 0.68 | IDIVX | Integrity Dividend | PairCorr |
| 0.68 | PBEAX | Prudential Jennison Value | PairCorr |
Related Correlations Analysis
| 0.62 | 0.45 | 0.56 | 0.39 | EIPFX | ||
| 0.62 | 0.87 | 0.62 | 0.55 | CSGZX | ||
| 0.45 | 0.87 | 0.54 | 0.72 | JLVZX | ||
| 0.56 | 0.62 | 0.54 | 0.58 | VLPAX | ||
| 0.39 | 0.55 | 0.72 | 0.58 | ENPSX | ||
Risk-Adjusted Indicators
There is a big difference between Eip Mutual Fund performing well and Eip Growth 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 Eip Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EIPFX | 0.41 | 0.03 | (0.09) | 0.19 | 0.40 | 0.91 | 2.15 | |||
| CSGZX | 0.85 | 0.22 | 0.20 | 0.35 | 0.72 | 1.67 | 4.67 | |||
| JLVZX | 0.48 | 0.01 | 0.00 | 0.11 | 0.42 | 1.21 | 2.91 | |||
| VLPAX | 0.56 | 0.04 | (0.06) | 0.54 | 0.67 | 1.27 | 4.07 | |||
| ENPSX | 1.23 | 0.13 | 0.06 | 0.31 | 1.31 | 2.63 | 7.43 |