Mainstay Epoch Correlations
| EPSIX Fund | USD 24.35 0.16 0.66% |
The current 90-days correlation between Mainstay Epoch Global and Hartford Moderate Allocation is -0.02 (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
Very poor diversification
The correlation between Mainstay Epoch Global and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Global and DJI in the same portfolio, assuming nothing else is changed.
Mainstay |
Moving together with Mainstay Mutual Fund
| 0.75 | MMRDX | Mainstay Moderate | PairCorr |
| 0.7 | EPLIX | Mainstay Epoch Equity | PairCorr |
| 0.69 | EPLDX | Mainstay Epoch Equity | PairCorr |
| 1.0 | EPSRX | Mainstay Epoch Global | PairCorr |
| 0.73 | VCRVX | Mainstay Cbre Global | PairCorr |
| 0.7 | VCRQX | Mainstay Cbre Global | PairCorr |
| 0.85 | MTINX | Mainstay Income Builder | PairCorr |
| 0.95 | MTODX | Mainstay Income Builder | PairCorr |
| 0.67 | MCINX | Mainstay Convertible | PairCorr |
| 0.77 | MCKNX | Mainstay Servative | PairCorr |
| 0.79 | MCYAX | Mainstay Candriam | PairCorr |
| 0.79 | MCYCX | Mainstay Candriam | PairCorr |
Related Correlations Analysis
| 0.73 | 0.4 | 0.93 | 0.89 | 0.63 | HBAIX | ||
| 0.73 | 0.35 | 0.51 | 0.93 | 0.9 | PGFCX | ||
| 0.4 | 0.35 | 0.31 | 0.45 | 0.38 | MODRX | ||
| 0.93 | 0.51 | 0.31 | 0.69 | 0.33 | SCGCX | ||
| 0.89 | 0.93 | 0.45 | 0.69 | 0.89 | TCTZX | ||
| 0.63 | 0.9 | 0.38 | 0.33 | 0.89 | SMOAX | ||
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBAIX | 0.35 | 0.02 | (0.19) | 0.63 | 0.43 | 0.83 | 2.06 | |||
| PGFCX | 0.22 | 0.01 | (0.35) | 0.45 | 0.22 | 0.48 | 1.24 | |||
| MODRX | 0.30 | (0.03) | 0.00 | (0.38) | 0.00 | 0.72 | 1.52 | |||
| SCGCX | 0.42 | 0.04 | (0.12) | 0.77 | 0.51 | 0.76 | 2.67 | |||
| TCTZX | 0.25 | 0.00 | (0.31) | 0.58 | 0.30 | 0.49 | 1.33 | |||
| SMOAX | 0.19 | (0.01) | (0.47) | (0.06) | 0.21 | 0.34 | 1.10 |