Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Equity
EPLIX Fund  USD 21.48  0.11  0.51%   
The current 90-days correlation between Mainstay Epoch Equity and Mainstay Tax Free is -0.01 (i.e., Good diversification). The correlation of Mainstay Epoch 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.

Mainstay Epoch Correlation With Market

Modest diversification

The correlation between Mainstay Epoch Equity and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Equity 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 Mainstay Epoch Equity. 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 Mainstay Mutual Fund

  0.98MLGRX Mainstay Large CapPairCorr
  0.98MLINX Mainstay Large CapPairCorr
  0.94MLRTX Mainstay Large CapPairCorr
  0.97MLRSX Mainstay Large CapPairCorr
  0.97MLRRX Mainstay Large CapPairCorr
  0.63MMRDX Mainstay ModeratePairCorr
  1.0EPLDX Mainstay Epoch EquityPairCorr
  0.98EPSRX Mainstay Epoch GlobalPairCorr
  0.98EPSIX Mainstay Epoch GlobalPairCorr
  0.9VCRVX Mainstay Cbre GlobalPairCorr
  0.9VCRQX Mainstay Cbre GlobalPairCorr
  0.94MSMIX Mainstay Map EquityPairCorr
  0.96MBERX Mainstay BalancedPairCorr
  0.96MBINX Mainstay BalancedPairCorr
  0.63ICELX Mainstay Epoch InterPairCorr
  0.76MTINX Mainstay Income BuilderPairCorr
  0.75MTODX Mainstay Income BuilderPairCorr
  0.77MCSSX Mainstay Mon StockPairCorr

Moving against Mainstay Mutual Fund

  0.74MXFEX Mainstay Floating RatePairCorr
  0.71MXFNX Mainstay Floating RatePairCorr
  0.52MDHVX Mainstay Short DurationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Epoch 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 Mainstay Epoch'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MKINX  0.21 (0.02) 0.00 (0.32) 0.00 
 0.00 
 0.43 
(0.53)
 1.50 
MLGRX  1.23 (0.26) 0.00 (0.57) 0.00 
 0.00 
 1.55 
(2.21)
 24.26 
MLINX  1.19 (0.23) 0.00 (0.51) 0.00 
 0.00 
 1.58 
(2.31)
 21.92 
MLRTX  1.17 (0.22) 0.00 (1.47) 0.00 
 0.00 
 1.50 
(2.25)
 21.46 
MLRSX  1.11 (0.16) 0.00 (0.39) 0.00 
 0.00 
 1.52 
(2.23)
 17.93 
MLRRX  1.14 (0.18) 0.00 (0.42) 0.00 
 0.00 
 1.55 
(2.26)
 19.09 
MMHEX  0.26 (0.03) 0.00 (0.97) 0.00 
 0.00 
 0.51 
(0.59)
 2.03 
MMHVX  0.26 (0.03) 0.00 (0.32) 0.00 
 0.00 
 0.51 
(0.58)
 1.95 
MMRDX  0.44 (0.07) 0.00 (0.20) 0.00 
 0.00 
 0.70 
(0.93)
 4.56 
MNODX  0.22 (0.03) 0.00 (0.77) 0.00 
 0.00 
 0.53 
(0.62)
 1.78 

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