Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Global
EPSIX Fund  USD 22.86  0.11  0.48%   
The current 90-days correlation between Mainstay Epoch Global and Rbc Bluebay Global is 0.59 (i.e., Very weak diversification). The correlation of Mainstay Epoch 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.

Mainstay Epoch Correlation With Market

Poor diversification

The correlation between Mainstay Epoch Global and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Global 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 Mainstay Epoch Global. 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 Mainstay Mutual Fund

  0.64MKINX Mainstay Tax FreePairCorr
  0.7MMHEX Mainstay Mackay HighPairCorr
  0.72MMHVX Mainstay High YieldPairCorr
  0.64MNODX Mainstay Mackay NewPairCorr
  0.63MNOVX Mainstay New YorkPairCorr
  0.75EPLIX Mainstay Epoch EquityPairCorr
  0.9EPLDX Mainstay Epoch EquityPairCorr
  1.0EPSRX Mainstay Epoch GlobalPairCorr
  0.82VCRVX Mainstay Cbre GlobalPairCorr
  0.82VCRQX Mainstay Cbre GlobalPairCorr
  0.74MSMIX Mainstay Map EquityPairCorr
  0.84MBERX Mainstay BalancedPairCorr
  0.8MSYEX Mainstay Mackay UncoPairCorr
  0.82MSYDX Mainstay UnconstrainedPairCorr
  0.83MBINX Mainstay BalancedPairCorr
  0.84ICELX Mainstay Epoch InterPairCorr
  0.65MTBDX Mainstay Mackay TaxPairCorr
  0.77MTFEX Mainstay Mackay StrategicPairCorr
  0.77MTFDX Mainstay Mackay StrategicPairCorr
  0.76MTFHX Mainstay Mackay StrategicPairCorr
  0.71MTFFX Mainstay Mackay StrategicPairCorr
  0.99MTINX Mainstay Income BuilderPairCorr
  0.77MTMNX Mainstay Total ReturnPairCorr
  0.99MTODX Mainstay Income BuilderPairCorr
  0.77MTRDX Mainstay Total ReturnPairCorr
  0.83MCSSX Mainstay Mon StockPairCorr
  0.76MCYAX Mainstay CandriamPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Epoch 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 Mainstay Epoch'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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