Equity Income Correlations

The current 90-days correlation between Equity Income and Lord Abbett Convertible is 0.22 (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

Poor diversification

The correlation between Equity Income Fund and DJI is 0.68 (i.e., 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.

Check out World Market Map to better understand how to build diversified portfolios. 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 nation.

Moving together with Equity Mutual Fund

0.63	AMDVX	Mid Cap Value	Pair Corr
0.75	TWADX	Value Fund A	Pair Corr
0.62	AMVRX	Mid Cap Value	Pair Corr
0.7	TWEIX	Equity Income	Pair Corr
0.68	TWVLX	Value Fund Investor	Pair Corr

Moving against Equity Mutual Fund

0.34	TWAVX	Short Term Government	Pair Corr
0.34	TWTCX	Intermediate Term Tax	Pair Corr
0.36	TWWOX	Intermediate Term Tax	Pair Corr

Related Correlations Analysis

	LCFYX	CCD	VAADX	XAVKX	PBXIX	NCZ
LCFYX		0.92	0.95	0.71	0.12	0.9	LCFYX
CCD	0.92		0.89	0.8	0.21	0.95	CCD
VAADX	0.95	0.89		0.66	0.14	0.87	VAADX
XAVKX	0.71	0.8	0.66		0.46	0.7	XAVKX
PBXIX	0.12	0.21	0.14	0.46		0.26	PBXIX
NCZ	0.9	0.95	0.87	0.7	0.26		NCZ
	LCFYX	CCD	VAADX	XAVKX	PBXIX	NCZ

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
LCFYX	0.69	0.04	0.03	0.09	0.82	(0.79)	1.27	(1.69)	4.63
CCD	0.78	0.02	0.01	0.06	1.12	(0.73)	1.75	(2.09)	4.71
VAADX	0.63	0.12	0.09	25.01	0.75	(0.67)	1.20	(1.58)	4.60
XAVKX	0.53	(0.03)	0.00	1.81	0.00	0.00	0.97	(1.55)	3.58
PBXIX	0.36	(0.03)	0.00	0.87	0.00	0.00	0.72	(0.73)	2.43
NCZ	0.76	0.02	0.01	0.06	1.13	(0.71)	1.80	(1.57)	4.72

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC