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 Dunham Real Estate is 0.16 (i.e., Average 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 -0.03 (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

  0.68AMDVX Mid Cap ValuePairCorr
  0.76AMEIX Equity GrowthPairCorr
  0.79AMGIX Income GrowthPairCorr
  0.68TWACX Short Term GovernmentPairCorr
  1.0TWADX Value Fund APairCorr
  0.76TWCCX Ultra Fund CPairCorr
  0.74TWCAX Select Fund APairCorr
  0.73TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.69TWARX Short Term GovernmentPairCorr
  0.8TWAVX Short Term GovernmentPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.82AMVGX Mid Cap ValuePairCorr
  0.83TWEAX Equity IncomePairCorr
  1.0TWEIX Equity IncomePairCorr
  0.74TWGAX International GrowthPairCorr
  0.96TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.67TWMIX Emerging MarketsPairCorr
  0.78TWRCX Growth Fund CPairCorr
  0.74TWSCX Strategic Allocation:PairCorr
  0.74TWSAX Strategic Allocation:PairCorr
  0.74TWSMX Strategic Allocation:PairCorr
  0.95TWSIX Select Fund IPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.94TWUIX Ultra Fund IPairCorr
  0.63TWUOX Short Term GovernmentPairCorr
  0.72TWWOX Intermediate Term TaxPairCorr
  0.81NPHIX High Income FundPairCorr
  0.77ANORX Small Cap GrowthPairCorr

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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