Eic Value Correlations

EICIX Fund

USD 16.90 0.06 0.36%

The current 90-days correlation between Eic Value Fund and Eic Value Fund is 0.57 (i.e., Very weak diversification). The correlation of Eic Value 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.

Eic Value Correlation With Market

Average diversification

The correlation between Eic Value Fund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eic Value Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eic Value 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 gross domestic product.

Moving together with Eic Mutual Fund

0.61	EICVX	Eic Value Fund	Pair Corr
1.0	EICCX	Eic Value Fund	Pair Corr
0.63	VVIAX	Vanguard Value Index	Pair Corr
0.67	DOXGX	Dodge Cox Stock	Pair Corr
0.79	AFMFX	American Mutual	Pair Corr
0.74	FFMMX	American Funds American	Pair Corr
0.74	FFFMX	American Funds American	Pair Corr
0.79	AMRMX	American Mutual	Pair Corr
0.74	AMFFX	American Mutual	Pair Corr
0.74	AMFCX	American Mutual	Pair Corr
0.71	VIVAX	Vanguard Value Index	Pair Corr
0.64	CIFRX	Columbia Porate Income	Pair Corr

Moving against Eic Mutual Fund

0.68	POGAX	Putnam Growth Opport	Pair Corr
0.62	VIGAX	Vanguard Growth Index	Pair Corr
0.58	PRGFX	T Rowe Price	Pair Corr
0.57	NLSCX	Neuberger Berman Long	Pair Corr
0.44	IFRIX	Voya Floating Rate	Pair Corr
0.31	VLCAX	Vanguard Large Cap	Pair Corr
0.72	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.62	FFRHX	Fidelity Advisor Floating	Pair Corr
0.59	JDJCX	Jhancock Diversified	Pair Corr
0.53	LGLSX	L Abbett Growth	Pair Corr
0.52	JUCIX	Janus Global Unconst	Pair Corr
0.38	VFINX	Vanguard 500 Index	Pair Corr
0.38	VFIAX	Vanguard 500 Index	Pair Corr
0.37	VWELX	Vanguard Wellington	Pair Corr

Related Correlations Analysis

	EICVX	EICIX	EICCX	VLCAX	AOFIX	SIGVX	HSUTX	ETJ	OOSIX	UUSTX
EICVX		0.61	0.62	0.48	0.52	0.18	0.27	0.12	0.17	0.18	EICVX
EICIX	0.61		1.0	-0.31	-0.21	-0.36	-0.54	-0.52	-0.24	-0.39	EICIX
EICCX	0.62	1.0		-0.3	-0.21	-0.36	-0.53	-0.52	-0.24	-0.39	EICCX
VLCAX	0.48	-0.31	-0.3		0.94	0.67	0.95	0.74	0.59	0.73	VLCAX
AOFIX	0.52	-0.21	-0.21	0.94		0.77	0.9	0.61	0.71	0.82	AOFIX
SIGVX	0.18	-0.36	-0.36	0.67	0.77		0.71	0.38	0.79	0.97	SIGVX
HSUTX	0.27	-0.54	-0.53	0.95	0.9	0.71		0.76	0.58	0.77	HSUTX
ETJ	0.12	-0.52	-0.52	0.74	0.61	0.38	0.76		0.3	0.44	ETJ
OOSIX	0.17	-0.24	-0.24	0.59	0.71	0.79	0.58	0.3		0.84	OOSIX
UUSTX	0.18	-0.39	-0.39	0.73	0.82	0.97	0.77	0.44	0.84		UUSTX
	EICVX	EICIX	EICCX	VLCAX	AOFIX	SIGVX	HSUTX	ETJ	OOSIX	UUSTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EICCX	+ 1.0	EICIX
UUSTX	+ 0.97	SIGVX
HSUTX	+ 0.95	VLCAX
AOFIX	+ 0.94	VLCAX
HSUTX	+ 0.9	AOFIX
UUSTX	+ 0.84	OOSIX

High negative correlations

HSUTX	- 0.54	EICIX
HSUTX	- 0.53	EICCX
ETJ	- 0.52	EICCX
ETJ	- 0.52	EICIX
UUSTX	- 0.39	EICCX
UUSTX	- 0.39	EICIX

Risk-Adjusted Indicators

There is a big difference between Eic Mutual Fund performing well and Eic Value 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 Eic Value'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
EICVX	0.50	(0.02)	0.00	(0.11)	0.00	0.00	1.07	(0.74)	3.88
EICIX	0.63	(0.14)	0.00	(0.57)	0.00	0.00	1.06	(0.82)	10.08
EICCX	0.61	(0.14)	0.00	(0.56)	0.00	0.00	1.04	(0.84)	9.49
VLCAX	0.57	0.06	0.05	0.39	0.75	(0.58)	1.12	(1.12)	5.59
AOFIX	1.18	0.16	0.11	0.39	1.26	(1.24)	2.61	(2.17)	9.63
SIGVX	0.03	(0.01)	(0.16)	(2.72)	0.02	(0.14)	0.10	(0.10)	0.51
HSUTX	0.71	0.10	0.08	1.16	0.88	(0.79)	1.31	(1.25)	6.59
ETJ	0.56	0.04	0.04	2.66	0.62	(0.59)	1.08	(0.98)	3.48
OOSIX	0.05	(0.01)	(0.09)	0.38	0.07	(0.26)	0.15	(0.15)	0.76
UUSTX	0.02	0.00	0.00	0.00	0.00	0.00	0.00	(0.10)	0.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC