Equity Income Correlations
| PQIAX Fund | USD 38.98 0.17 0.43% |
The current 90-days correlation between Equity Income and Principal Capital Appreciation is 0.08 (i.e., Significant diversification). The correlation of Equity Income 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.
Equity Income Correlation With Market
Significant diversification
The correlation between Equity Income Fund and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund and DJI in the same portfolio, assuming nothing else is changed.
EQUITY |
Moving together with EQUITY Mutual Fund
| 0.86 | VVIAX | Vanguard Value Index | PairCorr |
| 0.81 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.7 | AFMFX | American Mutual | PairCorr |
| 0.7 | FFMMX | American Funds American | PairCorr |
| 0.7 | FFFMX | American Funds American | PairCorr |
| 0.7 | AMRMX | American Mutual | PairCorr |
| 0.7 | AMFFX | American Mutual | PairCorr |
| 0.69 | AMFCX | American Mutual | PairCorr |
| 0.7 | DODGX | Dodge Stock Fund | PairCorr |
| 0.86 | VIVAX | Vanguard Value Index | PairCorr |
| 0.69 | BAC | Bank of America | PairCorr |
| 0.62 | GE | GE Aerospace | PairCorr |
| 0.67 | HD | Home Depot | PairCorr |
| 0.95 | JPM | JPMorgan Chase | PairCorr |
| 0.79 | WMT | Walmart | PairCorr |
Moving against EQUITY Mutual Fund
| 0.58 | USPSX | Profunds Ultrashort | PairCorr |
| 0.58 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.57 | USPIX | Profunds Ultrashort | PairCorr |
| 0.49 | TDKTX | Cleartrack 2015 Class | PairCorr |
| 0.48 | TCTGX | Transamerica Cleartrack | PairCorr |
| 0.48 | TCTJX | Transamerica Cleartrack | PairCorr |
| 0.42 | TCSUX | Cleartrack 2020 Class | PairCorr |
| 0.56 | MRK | Merck Company | PairCorr |
Related Correlations Analysis
| -0.23 | 0.6 | 0.56 | 0.79 | CMNWX | ||
| -0.23 | -0.47 | -0.01 | 0.35 | PRWLX | ||
| 0.6 | -0.47 | 0.85 | 0.17 | BIAGX | ||
| 0.56 | -0.01 | 0.85 | 0.39 | PEMGX | ||
| 0.79 | 0.35 | 0.17 | 0.39 | SABPX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between EQUITY Mutual Fund performing well and Equity Income 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 Equity Income'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMNWX | 0.92 | (0.15) | 0.00 | (0.26) | 0.00 | 1.27 | 5.18 | |||
| PRWLX | 0.69 | 0.12 | 0.18 | 8.23 | 0.83 | 1.37 | 5.68 | |||
| BIAGX | 0.88 | (0.14) | 0.00 | 2.55 | 0.00 | 1.33 | 5.17 | |||
| PEMGX | 0.80 | (0.06) | 0.00 | (2.55) | 0.00 | 1.54 | 3.74 | |||
| SABPX | 0.56 | (0.08) | 0.00 | (0.27) | 0.00 | 0.85 | 5.03 |