Mainstay Epoch Correlations

EPSRX Fund  USD 22.75  0.20  0.87%   
The current 90-days correlation between Mainstay Epoch Global and Scharf Global Opportunity 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

Weak diversification

The correlation between Mainstay Epoch Global and DJI is 0.36 (i.e., Weak 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 metropolitan statistical area.

Moving together with Mainstay Mutual Fund

  0.86MLGRX Mainstay Large CapPairCorr
  0.86MLINX Mainstay Large CapPairCorr
  0.86MLRTX Mainstay Large CapPairCorr
  0.87MLRSX Mainstay Large CapPairCorr
  0.86MLRRX Mainstay Large CapPairCorr
  0.63MMHEX Mainstay Mackay HighPairCorr
  0.64MMHVX Mainstay High YieldPairCorr
  0.61MNOVX Mainstay New YorkPairCorr
  0.98EPLIX Mainstay Epoch EquityPairCorr
  0.98EPLDX Mainstay Epoch EquityPairCorr
  1.0EPSIX Mainstay Epoch GlobalPairCorr
  0.64MOINX Mainstay Epoch SmallPairCorr
  0.92VCRVX Mainstay Cbre GlobalPairCorr
  0.92VCRQX Mainstay Cbre GlobalPairCorr
  0.91MSMIX Mainstay Map EquityPairCorr
  0.92MBERX Mainstay BalancedPairCorr
  0.92MBINX Mainstay BalancedPairCorr
  0.77MTINX Mainstay Income BuilderPairCorr
  0.76MTODX Mainstay Income BuilderPairCorr
  0.71MCINX Mainstay VertiblePairCorr
  0.68MCKNX Mainstay ConservativePairCorr
  0.89MCSSX Mainstay Mon StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.