Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
AEYIX Fund  USD 8.67  0.02  0.23%   
The current 90-days correlation between Equity Income and American Funds Conservative 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

Good diversification

The correlation between Equity Income Fund and DJI is -0.04 (i.e., Good 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

  0.82AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.63AMKIX Emerging MarketsPairCorr
  0.77TWACX Short Term GovernmentPairCorr
  0.96TWADX Value Fund APairCorr
  0.93TWCCX Ultra Fund CPairCorr
  0.89TWCAX Select Fund APairCorr
  0.92TWCIX Select Fund InvestorPairCorr
  0.93TWCGX Growth Fund InvestorPairCorr
  0.72TWARX Short Term GovernmentPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.97AMVRX Mid Cap ValuePairCorr
  0.97AMVGX Mid Cap ValuePairCorr
  0.96TWEAX Equity IncomePairCorr
  0.98TWEIX Equity IncomePairCorr
  0.81TWGAX International GrowthPairCorr
  0.93TWGIX Growth Fund IPairCorr
  0.93TWGGX Global GrowthPairCorr
  0.62TWIEX International GrowthPairCorr
  0.94TWHIX Heritage Fund InvestorPairCorr
  0.63TWMIX Emerging MarketsPairCorr
  0.94TWRCX Growth Fund CPairCorr
  0.67TWTCX Intermediate Term TaxPairCorr
  0.75TWTIX Intermediate Term TaxPairCorr
  0.89TWSCX Strategic Allocation:PairCorr
  0.89TWSAX Strategic Allocation:PairCorr
  0.89TWSMX Strategic Allocation:PairCorr
  0.91TWSIX Select Fund IPairCorr
  0.83TWUSX Short Term GovernmentPairCorr
  0.98TWVLX Value Fund InvestorPairCorr
  0.88TWUAX Ultra Fund APairCorr
  0.9TWUIX Ultra Fund IPairCorr
  0.73TWUOX Short Term GovernmentPairCorr
  0.69TWWOX Intermediate Term TaxPairCorr
  0.78NPHIX High Income FundPairCorr

Moving against Equity Mutual Fund

  0.35ANOHX 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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