Mainstay Epoch Correlations

Mutual Funds . USA . 
Fund . Mainstay Epoch Small
MOPCX Fund  USD 18.21  0.25  1.35%   
The current 90-days correlation between Mainstay Epoch Small and The Hartford Growth is 0.02 (i.e., Significant 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 Small and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Epoch Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstay Epoch Small. 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 main economic indicators.

Moving together with Mainstay Mutual Fund

  0.66MLABX Mainstay Large CapPairCorr
  0.69MLAAX Mainstay Large CapPairCorr
  0.72MLAIX Mainstay Large CapPairCorr
  0.68MLRMX Mainstay Winslow LargePairCorr
  0.68MMPDX Mainstay Wmc ValuePairCorr
  0.7MMPCX Mainstay Map EquityPairCorr
  0.76MMRAX Mainstay ModeratePairCorr
  0.75MMRCX Mainstay ModeratePairCorr
  0.83MMRIX Mainstay ModeratePairCorr
  0.75MMRSX Mainstay ModeratePairCorr
  0.88MNERX Mainstay Conservative EtfPairCorr
  0.88MNEVX Mainstay Conservative EtfPairCorr
  0.89APSLX Mainstay Fiera SmidPairCorr
  0.88MNEAX Mainstay Conservative EtfPairCorr
  0.9APSDX Mainstay Fiera SmidPairCorr
  0.87MNELX Mainstay Conservative EtfPairCorr
  0.89MNEKX Mainstay Conservative EtfPairCorr
  0.61EPLPX Mainstay Epoch EquityPairCorr
  0.61EPLMX Mainstay Epoch EquityPairCorr
  0.61EPLCX Mainstay Epoch EquityPairCorr
  0.62EPLBX Mainstay Epoch EquityPairCorr
  0.78FCGYX Mainstay Pinestone GlobalPairCorr
  0.93MOEAX Mainstay Growth EtfPairCorr

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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