Eip Growth Correlations

Mutual Funds . USA . 
Fund . Eip Growth And
EIPIX Fund  USD 19.78  0.17  0.85%   
The current 90-days correlation between Eip Growth And and Eip Growth And is 1.0 (i.e., No risk reduction). The correlation of Eip Growth 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.

Eip Growth Correlation With Market

Very weak diversification

The correlation between Eip Growth And and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eip Growth And 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 Eip Growth And. 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 Eip Mutual Fund

  1.0EIPFX Eip Growth AndPairCorr
  0.98TORCX Tortoise Mlp PipelinePairCorr
  0.99MLPTX Oppenheimer Steelpath MlpPairCorr
  0.99OSPSX Oppenheimer Steelpath MlpPairCorr
  0.92MLPZX Oppenheimer Steelpath MlpPairCorr
  0.92OSPMX Oppenheimer Steelpath MlpPairCorr
  0.92MLPDX Oppenheimer Steelpath MlpPairCorr
  0.91MLPRX Oppenheimer Steelpath MlpPairCorr
  0.96GMLPX Goldman Sachs MlpPairCorr
  0.96GLPIX Goldman Sachs MlpPairCorr
  0.95GLPRX Goldman Sachs MlpPairCorr
  0.64PFN Pimco Income StrategyPairCorr
  0.72XNKGX Nuveen Georgia QualityPairCorr
  0.91XPPRX Voya Prime RatePairCorr
  0.82PCF Putnam High IncomePairCorr
  0.91GRSPX Greenspring Fund RetailPairCorr
  0.89VFIAX Vanguard 500 IndexPairCorr
  0.92LTFOX Lord Abbett AffiliatedPairCorr
  0.9WBCIX William Blair SmallPairCorr
  0.83SCRYX Small Cap CorePairCorr
  0.69PAHHX T Rowe PricePairCorr
  0.89FXAIX Fidelity 500 IndexPairCorr
  0.83VNSNX Vaughan Nelson SelectPairCorr
  0.88VIGAX Vanguard Growth IndexPairCorr
  0.9VTSMX Vanguard Total StockPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.91SMERX Invesco Small CapPairCorr
  0.84VSMVX Vanguard Sp SmallPairCorr
  0.83DPG Duff And PhelpsPairCorr
  0.87RQECX Resq Dynamic AllocationPairCorr
  0.89AGTHX Growth FundPairCorr
  0.87CMEUX Six Circles ManagedPairCorr
  0.82RYVYX Nasdaq 100 2xPairCorr

Moving against Eip Mutual Fund

  0.62XNXJX Nuveen New JerseyPairCorr
  0.59XNBHX Neuberger Berman IntPairCorr
  0.39NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eip Mutual Fund performing well and Eip Growth 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 Eip Growth'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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