Eic Value Correlations

Mutual Funds . USA . 
Fund . Eic Value Fund
EICVX Fund  USD 17.57  0.15  0.85%   
The current 90-days correlation between Eic Value Fund and Hunter Small Cap is 0.53 (i.e., Very 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

Weak diversification

The correlation between Eic Value Fund and DJI is 0.36 (i.e., Weak 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 real.

Moving together with Eic Mutual Fund

  1.0EICIX Eic Value FundPairCorr
  1.0EICCX Eic Value FundPairCorr
  0.74VVIAX Vanguard Value IndexPairCorr
  0.71DOXGX Dodge Cox StockPairCorr
  0.84AFMFX American MutualPairCorr
  0.84FFMMX American Funds AmericanPairCorr
  0.84FFFMX American Funds AmericanPairCorr
  0.84AMRMX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.85AMFCX American MutualPairCorr
  0.85DODGX Dodge Stock FundPairCorr
  0.75VIVAX Vanguard Value IndexPairCorr

Moving against Eic Mutual Fund

  0.83VUSXX Vanguard Treasury MoneyPairCorr
  0.79MYFRX Pioneer Multi AssetPairCorr
  0.74SALXX State Street MasterPairCorr
  0.71TFAIX T Rowe PricePairCorr
  0.65CTYRX Columbia Global TechPairCorr
  0.6RYAQX Inverse Government LongPairCorr
  0.52UIPIX Ultrashort Mid CapPairCorr
  0.52PPNSX Smallcap GrowthPairCorr
  0.42FTCAX Templeton Strained BondPairCorr
  0.37PIPAX Pimco InternationalPairCorr
  0.31TSNAX Touchstone Sands CapitalPairCorr
  0.63LFMCX Locorr Macro StrategiesPairCorr
  0.6CMNIX Calamos Market NeutralPairCorr
  0.54PMSBX Midcap Fund RPairCorr

Related Correlations Analysis

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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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