Eip Growth Correlations

EIPIX Fund

USD 18.70 0.18 0.95%

The current 90-days correlation between Eip Growth And and Eip Growth And is 1.0 (i.e., No risk reduction). The correlation of Eip Growth 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.

Eip Growth Correlation With Market

Weak diversification

The correlation between Eip Growth And and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eip Growth And 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 Eip Growth And. 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 Eip Mutual Fund

1.0	EIPFX	Eip Growth And	Pair Corr
0.77	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.81	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	GMLPX	Goldman Sachs Mlp	Pair Corr
0.8	GLPIX	Goldman Sachs Mlp	Pair Corr
0.8	GLPRX	Goldman Sachs Mlp	Pair Corr
0.78	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.82	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.65	MINFX	Mfs International Value	Pair Corr
0.66	PCCFX	Prudential Income Builder	Pair Corr
0.62	IRFIX	Cohen Steers Interna	Pair Corr
0.64	CITAX	American High Income	Pair Corr
0.68	THYAX	High Yield Fund	Pair Corr
0.72	JULMX	Multimanager Lifestyle	Pair Corr
0.61	RDWGX	American Funds Developing	Pair Corr
0.81	SACEX	Spirit Of America	Pair Corr

Moving against Eip Mutual Fund

0.35

WLATTX

Wlattx

Pair Corr

Related Correlations Analysis

	EIPFX	CSGZX	JLVZX	VLPAX	ENPSX
EIPFX		0.17	0.61	0.7	0.82	EIPFX
CSGZX	0.17		0.79	0.5	0.19	CSGZX
JLVZX	0.61	0.79		0.68	0.52	JLVZX
VLPAX	0.7	0.5	0.68		0.86	VLPAX
ENPSX	0.82	0.19	0.52	0.86		ENPSX
	EIPFX	CSGZX	JLVZX	VLPAX	ENPSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Eip Mutual Fund performing well and Eip Growth 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 Eip Growth'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
EIPFX	0.82	0.03	0.00	(0.02)	0.00	0.00	1.69	(1.72)	7.28
CSGZX	1.30	(0.07)	0.00	(0.14)	0.00	0.00	1.86	(3.46)	7.71
JLVZX	0.69	(0.01)	0.00	(0.09)	0.00	0.00	1.33	(1.75)	3.89
VLPAX	1.02	0.09	0.08	0.06	1.35	(1.07)	1.78	(2.08)	6.14
ENPSX	1.53	0.15	0.07	0.10	2.19	(1.39)	3.17	(3.59)	8.59

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