Mainstay Epoch Correlations

ICELX Fund

USD 39.49 0.10 0.25%

The current 90-days correlation between Mainstay Epoch Inter and T Rowe Price is 0.19 (i.e., Average 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 International and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch International and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch International. 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 bureau of economic analysis.

Moving together with Mainstay Mutual Fund

0.64	EPSRX	Mainstay Epoch Global	Pair Corr
0.65	EPSIX	Mainstay Epoch Global	Pair Corr
0.62	VCRVX	Mainstay Cbre Global	Pair Corr
0.62	VCRQX	Mainstay Cbre Global	Pair Corr
0.69	MTINX	Mainstay Income Builder	Pair Corr
0.67	MTODX	Mainstay Income Builder	Pair Corr
0.86	MCYAX	Mainstay Candriam	Pair Corr

Moving against Mainstay Mutual Fund

0.55	MXFEX	Mainstay Floating Rate	Pair Corr
0.53	MXFNX	Mainstay Floating Rate	Pair Corr

Related Correlations Analysis

	PRISX	PFPNX	RPFGX	GCFSX	TFIFX	DVFYX
PRISX		0.34	0.89	0.69	1.0	0.88	PRISX
PFPNX	0.34		0.43	0.64	0.35	0.43	PFPNX
RPFGX	0.89	0.43		0.85	0.89	1.0	RPFGX
GCFSX	0.69	0.64	0.85		0.68	0.86	GCFSX
TFIFX	1.0	0.35	0.89	0.68		0.88	TFIFX
DVFYX	0.88	0.43	1.0	0.86	0.88		DVFYX
	PRISX	PFPNX	RPFGX	GCFSX	TFIFX	DVFYX

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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
PRISX	0.86	0.01	(0.03)	0.11	1.46	(0.91)	1.50	(1.70)	13.34
PFPNX	0.12	0.00	(0.45)	0.05	0.08	(0.18)	0.32	(0.22)	0.75
RPFGX	0.79	0.06	0.01	0.21	0.92	(0.87)	1.34	(1.40)	9.41
GCFSX	0.60	0.10	0.01	10.43	0.69	(0.69)	1.50	(1.23)	6.27
TFIFX	0.88	0.00	(0.03)	0.08	1.52	(0.91)	1.50	(1.77)	13.33
DVFYX	0.79	0.06	0.01	0.21	0.91	(0.87)	1.35	(1.39)	9.40

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