Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Small
MOPIX Fund  USD 27.73  0.21  0.75%   
The current 90-days correlation between Mainstay Epoch Small and Lind Capital Partners is 0.14 (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

Weak diversification

The correlation between Mainstay Epoch Small and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Small. 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

  0.64MKHCX Mainstay High YieldPairCorr
  0.68MKTBX Mainstay Tax FreePairCorr
  0.69MKTRX Mainstay Income BuilderPairCorr
  0.65MMHAX Mainstay High YieldPairCorr
  0.63MMHDX Mainstay High YieldPairCorr
  0.65MMHIX Mainstay High YieldPairCorr
  0.67MMRAX Mainstay ModeratePairCorr
  0.65MMRCX Mainstay ModeratePairCorr
  0.65MMRBX Mainstay ModeratePairCorr
  0.67MMRIX Mainstay ModeratePairCorr
  0.66MMRSX Mainstay ModeratePairCorr
  0.83MNERX Mainstay Conservative EtfPairCorr
  0.83MNEVX Mainstay Conservative EtfPairCorr
  0.87APSLX Mainstay Fiera SmidPairCorr
  0.84MNEAX Mainstay Conservative EtfPairCorr
  0.88APSDX Mainstay Fiera SmidPairCorr
  0.85MNELX Mainstay Conservative EtfPairCorr
  0.83MNEKX Mainstay Conservative EtfPairCorr
  0.67MNOCX Mainstay New YorkPairCorr
  0.68MNOAX Mainstay New YorkPairCorr
  0.66MNOIX Mainstay New YorkPairCorr
  0.68MNOLX Mainstay Mackay NewPairCorr
  0.83MOEAX Mainstay Growth EtfPairCorr

Related Correlations Analysis

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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.

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