Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Small
MOTBX Fund  USD 20.11  0.15  0.74%   
The current 90-days correlation between Mainstay Epoch Small and Ironclad Managed Risk is 0.76 (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

Weak diversification

The correlation between Mainstay Epoch Small and DJI is 0.38 (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 bureau of labor statistics.

Moving together with Mainstay Mutual Fund

  0.64MKHCX Mainstay High YieldPairCorr
  0.69MKTBX Mainstay Tax FreePairCorr
  0.66MKTRX Mainstay Income BuilderPairCorr
  0.69MMHAX Mainstay High YieldPairCorr
  0.66MMHDX Mainstay High YieldPairCorr
  0.7MMHIX Mainstay High YieldPairCorr
  0.67MMRAX Mainstay ModeratePairCorr
  0.65MMRCX Mainstay ModeratePairCorr
  0.65MMRBX Mainstay ModeratePairCorr
  0.67MMRIX Mainstay ModeratePairCorr
  0.66MMRSX Mainstay ModeratePairCorr
  0.82MNERX Mainstay Conservative EtfPairCorr
  0.82MNEVX Mainstay Conservative EtfPairCorr
  0.88APSLX Mainstay Fiera SmidPairCorr
  0.83MNEAX Mainstay Conservative EtfPairCorr
  0.89APSDX Mainstay Fiera SmidPairCorr
  0.84MNELX Mainstay Conservative EtfPairCorr
  0.82MNEKX Mainstay Conservative EtfPairCorr
  0.68MNOCX Mainstay New YorkPairCorr
  0.7MNOAX Mainstay New YorkPairCorr
  0.7MNOIX Mainstay New YorkPairCorr
  0.69MNOLX 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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