Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLKX Fund  USD 22.34  0.12  0.53%   
The current 90-days correlation between Mainstay Epoch Equity and Queens Road Small is 0.83 (i.e., Very 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

Very poor diversification

The correlation between Mainstay Epoch Equity and DJI is 0.88 (i.e., Very poor 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 inflation.

Moving together with Mainstay Mutual Fund

  0.74MLACX Mainstay Large CapPairCorr
  0.68MLAAX Mainstay Large CapPairCorr
  0.75MLAIX Mainstay Large CapPairCorr
  0.75MLRMX Mainstay Winslow LargePairCorr
  0.83MMHAX Mainstay High YieldPairCorr
  0.82MMHDX Mainstay High YieldPairCorr
  0.83MMHIX Mainstay High YieldPairCorr
  0.97MMPDX Mainstay Wmc ValuePairCorr
  0.96MMPCX Mainstay Map EquityPairCorr
  0.92MMRAX Mainstay ModeratePairCorr
  0.96MMRCX Mainstay ModeratePairCorr
  0.96MMRIX Mainstay ModeratePairCorr
  0.96MMRSX Mainstay ModeratePairCorr
  0.94MNERX Mainstay Conservative EtfPairCorr
  0.94MNEVX Mainstay Conservative EtfPairCorr
  0.87APSLX Mainstay Fiera SmidPairCorr
  0.91MNEAX Mainstay Conservative EtfPairCorr
  0.88APSDX Mainstay Fiera SmidPairCorr
  0.94MNELX Mainstay Conservative EtfPairCorr
  0.91MNEKX Mainstay Conservative EtfPairCorr
  0.83MNOCX Mainstay New YorkPairCorr
  0.83MNOAX Mainstay New YorkPairCorr
  0.69MNOIX Mainstay New YorkPairCorr
  0.83MNOLX Mainstay Mackay NewPairCorr
  0.94EPLPX Mainstay Epoch EquityPairCorr
  1.0EPLMX Mainstay Epoch EquityPairCorr
  1.0EPLCX Mainstay Epoch EquityPairCorr
  0.92FCGYX Mainstay Pinestone GlobalPairCorr
  0.97EPSYX Mainstay Epoch GlobalPairCorr
  0.93EPSPX Mainstay Epoch GlobalPairCorr
  0.97EPSKX Mainstay Epoch GlobalPairCorr
  0.8FCIKX Mainstay PinestonePairCorr
  0.8FCICX Mainstay PinestonePairCorr
  0.89MOEAX Mainstay Growth EtfPairCorr
  0.96MOECX Mainstay Growth EtfPairCorr
  0.96MOEIX Mainstay Growth EtfPairCorr
  0.96MOERX Mainstay Growth EtfPairCorr
  0.96MOEVX Mainstay Growth EtfPairCorr
  0.81FCUPX Mainstay Pinestone EquityPairCorr

Related Correlations Analysis


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.

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