Eip Growth Correlations

EIPIX Fund

USD 18.50 0.05 0.27%

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

Good diversification

The correlation between Eip Growth And and DJI is -0.07 (i.e., Good 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
0.71	VSTSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.64	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VINIX	Vanguard Institutional	Pair Corr
0.71	VTSAX	Vanguard Total Stock	Pair Corr
0.71	OWMBX	Old Westbury Municipal	Pair Corr
0.71	LCRYX	Lord Abbett E	Pair Corr
0.73	VGWLX	Vanguard Global Well	Pair Corr
0.63	FIADX	Fidelity International	Pair Corr
0.71	BCPIX	Brandes E Plus	Pair Corr
0.61	DAIOX	Dunham International	Pair Corr

Moving against Eip Mutual Fund

0.67

RRPSX

Rising Rates Opportunity

Pair Corr

Related Correlations Analysis

	EIPFX	CSGZX	JLVZX	VLPAX	ENPSX
EIPFX		0.68	0.78	0.62	0.83	EIPFX
CSGZX	0.68		0.85	0.35	0.5	CSGZX
JLVZX	0.78	0.85		0.32	0.59	JLVZX
VLPAX	0.62	0.35	0.32		0.86	VLPAX
ENPSX	0.83	0.5	0.59	0.86		ENPSX
	EIPFX	CSGZX	JLVZX	VLPAX	ENPSX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EIPFX	0.82	(0.14)	1.19	1.62	(1.72)	7.70
CSGZX	1.36	(0.20)	(0.28)	1.86	(3.62)	15.17
JLVZX	0.75	(0.23)	(0.42)	1.31	(2.10)	9.46
VLPAX	0.94	(0.08)	7.13	1.64	(2.13)	6.14
ENPSX	1.45	(0.16)	(1.33)	3.17	(3.59)	7.38

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