Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
TWEAX Fund  USD 8.70  0.05  0.57%   
The current 90-days correlation between Equity Income and The Lazard Funds is -0.04 (i.e., Good diversification). The correlation of Equity Income 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.

Equity Income Correlation With Market

Very poor diversification

The correlation between Equity Income Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Equity Income Fund. 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 nation.

Moving together with Equity Mutual Fund

  0.98AMGIX Income GrowthPairCorr
  0.75AMKIX Emerging MarketsPairCorr
  1.0TWADX Value Fund APairCorr
  0.95TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.94TWCIX Select Fund InvestorPairCorr
  0.95TWCGX Growth Fund InvestorPairCorr
  0.83TWAVX Short Term GovernmentPairCorr
  0.98TWEIX Equity IncomePairCorr
  0.9TWGAX International GrowthPairCorr
  0.95TWGIX Growth Fund IPairCorr
  0.97TWGGX Global GrowthPairCorr
  0.75TWIEX International GrowthPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.75TWMIX Emerging MarketsPairCorr
  0.95TWRCX Growth Fund CPairCorr
  0.95TWSCX Strategic Allocation:PairCorr
  0.95TWSAX Strategic Allocation:PairCorr
  0.95TWSMX Strategic Allocation:PairCorr
  0.93TWUIX Ultra Fund IPairCorr
  0.74ANONX Small Cap GrowthPairCorr
  0.96ANOIX Small Cap GrowthPairCorr
  0.98ANTUX Nt Non IntrinsicPairCorr
  0.86ANTMX Nt International SmallPairCorr
  0.93AOCIX One Choice PortfolioPairCorr
  0.94AOGIX One Choice PortfolioPairCorr
  0.81AONIX One Choice PortfolioPairCorr
  0.95AOOIX One Choice 2045PairCorr
  0.94AORVX One Choice PortfolioPairCorr
  0.94AOVIX One Choice PortfolioPairCorr
  0.91TGRIX International GrowthPairCorr
  0.65APISX Short Duration InflationPairCorr
  0.89BULIX Utilities Fund InvestorPairCorr
  0.95ARCVX One Choice 2030PairCorr
  0.95AREVX One Choice 2055PairCorr
  0.95ARDVX One Choice 2040PairCorr
  0.94ARFVX One Choice 2050PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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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