Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
ACIIX Fund  USD 8.51  0.08  0.93%   
The current 90-days correlation between Equity Income and Siit High Yield is 0.02 (i.e., Significant 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

Modest diversification

The correlation between Equity Income Fund and DJI is 0.21 (i.e., Modest 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Equity Income Fund. 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 Equity Mutual Fund

  0.72AMDVX Mid Cap ValuePairCorr
  0.93AMEIX Equity GrowthPairCorr
  0.79AMGIX Income GrowthPairCorr
  0.97TWADX Value Fund APairCorr
  0.78TWCCX Ultra Fund CPairCorr
  0.72TWCAX Select Fund APairCorr
  0.76TWCIX Select Fund InvestorPairCorr
  0.79TWCGX Growth Fund InvestorPairCorr
  0.73TWARX Short Term GovernmentPairCorr
  0.73TWAVX Short Term GovernmentPairCorr
  1.0AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  1.0TWEAX Equity IncomePairCorr
  0.84TWEIX Equity IncomePairCorr
  0.77TWGAX International GrowthPairCorr
  0.79TWGIX Growth Fund IPairCorr
  0.8TWGGX Global GrowthPairCorr
  0.93TWHIX Heritage Fund InvestorPairCorr
  0.97TWRCX Growth Fund CPairCorr
  0.84TWSCX Strategic AllocationPairCorr
  0.73TWSAX Strategic AllocationPairCorr
  0.73TWSMX Strategic AllocationPairCorr
  0.86TWSIX Select Fund IPairCorr
  0.75TWUSX Short Term GovernmentPairCorr
  0.82TWVLX Value Fund InvestorPairCorr
  0.71TWUAX Ultra Fund APairCorr
  0.74TWUIX Ultra Fund IPairCorr
  0.75TWUOX Short Term GovernmentPairCorr
  0.69NPHIX High Income FundPairCorr

Moving against Equity Mutual Fund

  0.47ANOHX American Century SmallPairCorr

Related Correlations Analysis


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.

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