Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
TWEAX Fund  USD 8.58  0.09  1.06%   
The current 90-days correlation between Equity Income and Growth Income Fund is -0.05 (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

Good diversification

The correlation between Equity Income Fund and DJI is -0.02 (i.e., Good 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

  0.73AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.72TWACX Short Term GovernmentPairCorr
  1.0TWADX Value Fund APairCorr
  0.95TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.93TWCIX Select Fund InvestorPairCorr
  0.95TWCGX Growth Fund InvestorPairCorr
  0.65TWARX Short Term GovernmentPairCorr
  0.7TWAVX Short Term GovernmentPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.97AMVRX Mid Cap ValuePairCorr
  0.97AMVGX Mid Cap ValuePairCorr
  0.98TWEIX Equity IncomePairCorr
  0.82TWGAX International GrowthPairCorr
  0.95TWGIX Growth Fund IPairCorr
  0.95TWGGX Global GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.96TWRCX Growth Fund CPairCorr
  0.91TWSCX Strategic Allocation:PairCorr
  0.91TWSAX Strategic Allocation:PairCorr
  0.92TWSMX Strategic Allocation:PairCorr
  0.93TWSIX Select Fund IPairCorr
  0.7TWUSX Short Term GovernmentPairCorr
  0.97TWVLX Value Fund InvestorPairCorr
  0.94TWUAX Ultra Fund APairCorr
  0.92TWUIX Ultra Fund IPairCorr
  0.68TWUOX Short Term GovernmentPairCorr
  0.75NPHIX High Income FundPairCorr

Moving against Equity Mutual Fund

  0.41ANOHX American Century SmallPairCorr

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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