Mainstay Epoch Correlations

EPSYX Fund

USD 23.94 0.02 0.08%

The current 90-days correlation between Mainstay Epoch Global and Praxis Growth Index is 0.69 (i.e., Poor 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

Poor diversification

The correlation between Mainstay Epoch Global and DJI is 0.79 (i.e., 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Global. 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 manufacturing.

Moving together with Mainstay Mutual Fund

0.7	FMDRX	Franklin Mutual Global	Pair Corr
0.81	DOXWX	Dodge Cox Global	Pair Corr
0.81	DODWX	Dodge Global Stock	Pair Corr
0.86	TRZRX	T Rowe Price	Pair Corr
0.69	TEDIX	Franklin Mutual Global	Pair Corr
0.7	MDISX	Franklin Mutual Global	Pair Corr
0.89	PRAFX	T Rowe Price	Pair Corr
0.74	RIV	Rivernorth Opportunities	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.85	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Mainstay Mutual Fund

0.64	PFHCX	Pacific Funds Small	Pair Corr
0.37	PPRWX	Putnam Panagora Risk	Pair Corr
0.36	PPRPX	Putnam Panagora Risk	Pair Corr
0.35	PPROX	Putnam Panagora Risk	Pair Corr

Related Correlations Analysis

	MMDEX	ARTSX	LANIX	CIPMX	PGRTX	TEGAX
MMDEX		0.89	0.92	0.91	0.94	0.91	MMDEX
ARTSX	0.89		0.93	0.88	0.93	0.89	ARTSX
LANIX	0.92	0.93		0.88	0.9	0.95	LANIX
CIPMX	0.91	0.88	0.88		0.96	0.92	CIPMX
PGRTX	0.94	0.93	0.9	0.96		0.9	PGRTX
TEGAX	0.91	0.89	0.95	0.92	0.9		TEGAX
	MMDEX	ARTSX	LANIX	CIPMX	PGRTX	TEGAX

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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
MMDEX	0.75	(0.02)	(0.02)	0.08	1.15	(0.70)	1.66	(2.08)	5.19
ARTSX	0.94	0.10	0.01	0.84	1.20	(0.91)	1.97	(1.99)	5.93
LANIX	0.52	0.06	(0.06)	(4.41)	0.57	(0.55)	1.22	(0.87)	3.14
CIPMX	0.66	0.00	(0.01)	0.10	0.74	(0.68)	1.22	(1.23)	4.05
PGRTX	0.89	(0.02)	0.02	0.09	1.04	(0.97)	1.96	(1.84)	6.75
TEGAX	0.80	0.21	0.12	3.29	0.66	(0.92)	1.98	(1.17)	4.78

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