Eic Value Correlations

Mutual Funds . USA . 
Fund . Eic Value Fund
EICIX Fund  USD 19.14  0.20  1.06%   
The current 90-days correlation between Eic Value Fund and Nuveen Winslow Large Cap is 0.35 (i.e., Weak diversification). The correlation of Eic Value 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.

Eic Value Correlation With Market

Poor diversification

The correlation between Eic Value Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eic Value Fund 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 Eic Value 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 Eic Mutual Fund

  1.0EICVX Eic Value FundPairCorr
  1.0EICCX Eic Value FundPairCorr
  0.93VVIAX Vanguard Value IndexPairCorr
  0.92DOXGX Dodge Cox StockPairCorr
  0.87AFMFX American MutualPairCorr
  0.87FFMMX American Funds AmericanPairCorr
  0.87FFFMX American Funds AmericanPairCorr
  0.87AMRMX American MutualPairCorr
  0.87AMFFX American MutualPairCorr
  0.86AMFCX American MutualPairCorr
  0.92DODGX Dodge Stock FundPairCorr
  0.93VIVAX Vanguard Value IndexPairCorr
  0.8FTCAX Templeton Strained BondPairCorr
  0.81PYAIX Payden Absolute ReturnPairCorr
  0.82PYARX Payden Absolute ReturnPairCorr
  0.72BCAAX Brandywineglobal CPairCorr
  0.9VTMFX Vanguard Tax ManagedPairCorr
  0.88VIGAX Vanguard Growth IndexPairCorr
  0.86SMERX Invesco Small CapPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.93RWSIX Redwood Systematic MacroPairCorr
  0.91FXAIX Fidelity 500 IndexPairCorr
  0.83PAHHX T Rowe PricePairCorr
  0.92FPURX Fidelity PuritanPairCorr
  0.91VWELX Vanguard WellingtonPairCorr
  0.93WBCIX William Blair SmallPairCorr
  0.75DPG Duff And PhelpsPairCorr
  0.93LTFOX Lord Abbett AffiliatedPairCorr
  0.83GAB Gabelli Equity TrustPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.91USPRX Sp 500 IndexPairCorr
  0.88FCNTX Fidelity ContrafundPairCorr
  0.86VSMVX Vanguard Sp SmallPairCorr
  0.8RQECX Resq Dynamic AllocationPairCorr

Moving against Eic Mutual Fund

  0.92UIPIX Ultrashort Mid CapPairCorr
  0.86USPSX Profunds UltrashortPairCorr
  0.85USPIX Profunds UltrashortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Eic Mutual Fund performing well and Eic Value 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 Eic Value'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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