Mainstay Epoch Correlations

EPLIX Fund  USD 22.51  0.12  0.54%   
The current 90-days correlation between Mainstay Epoch Equity and Schwab Health Care is 0.75 (i.e., Poor 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

Good diversification

The correlation between Mainstay Epoch Equity and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Equity. 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 gross domestic product.

Moving together with Mainstay Mutual Fund

  0.96MLGRX Mainstay Large CapPairCorr
  0.98MLINX Mainstay Large CapPairCorr
  0.96MLRTX Mainstay Large CapPairCorr
  0.97MLRSX Mainstay Large CapPairCorr
  0.97MLRRX Mainstay Large CapPairCorr
  0.97MMRDX Mainstay ModeratePairCorr
  0.98EPLDX Mainstay Epoch EquityPairCorr
  0.98EPSRX Mainstay Epoch GlobalPairCorr
  0.99EPSIX Mainstay Epoch GlobalPairCorr
  0.94MOINX Mainstay Epoch SmallPairCorr
  0.87VCRVX Mainstay Cbre GlobalPairCorr
  0.84VCRQX Mainstay Cbre GlobalPairCorr
  0.99MSMIX Mainstay Map EquityPairCorr
  0.96MBERX Mainstay BalancedPairCorr
  0.91MSYEX Mainstay Mackay UncoPairCorr
  0.88MSYDX Mainstay UnconstrainedPairCorr
  0.96MBINX Mainstay BalancedPairCorr
  0.92ICELX Mainstay Epoch InterPairCorr
  0.62MTBDX Mainstay Mackay TaxPairCorr
  0.88MTFEX Mainstay Mackay StrategicPairCorr
  0.9MTFHX Mainstay Mackay StrategicPairCorr
  0.89MTFFX Mainstay Mackay StrategicPairCorr
  0.97MTINX Mainstay Income BuilderPairCorr
  0.73MTMNX Mainstay Total ReturnPairCorr
  0.73MTRDX Mainstay Total ReturnPairCorr
  0.98KLGNX Mainstay Nerstone GrowthPairCorr
  0.99MCINX Mainstay VertiblePairCorr
  0.99MCKNX Mainstay ServativePairCorr
  0.97MCYSX Mainstay CandriamPairCorr
  0.97MDHVX Mainstay Short DurationPairCorr
  0.97MECVX Mainstay Epoch CapitalPairCorr

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   
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High negative correlations   
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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.