EQUITY INCOME Correlations

TWEAX Fund

USD 8.80 -0.08 -0.90%

Current 90-days correlation between Equity Income and Harding Loevner Global is 0.15 (i.e., Average 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.

EQUITY INCOME Correlation With Market

Very weak diversification

Across the chosen horizon, TWEAX and DJI show a correlation of 0.41 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Use World Market Map to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Equity Income Fund within the portfolio mix. 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 nation.

Moving together with EQUITY Mutual Fund

0.87	VVIAX	Vanguard Value Index	Pair Corr
0.64	AWSHX	Washington Mutual	Pair Corr
0.68	WSHCX	Washington Mutual	Pair Corr
0.63	WSHFX	Washington Mutual	Pair Corr
0.63	DODGX	Dodge Stock Fund	Pair Corr
0.86	AMFFX	American Mutual	Pair Corr
0.86	AMFCX	American Mutual	Pair Corr
0.83	ERH	Allspring Utilities And	Pair Corr
0.85	CSJZX	Cohen Steers Realty	Pair Corr
0.85	CSRSX	Cohen Steers Realty	Pair Corr
0.85	PFIJX	Strategic Asset	Pair Corr
0.71	NWXSX	NATIONWIDE INTERNATIONAL	Pair Corr
0.84	GIJAX	Guggenheim Municipal	Pair Corr
0.89	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.88	WMT	Walmart Common Stock	Pair Corr
0.93	KO	Coca Cola	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.9	PG	Procter Gamble	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.86	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr

Moving against EQUITY Mutual Fund

0.9	MSFT	Microsoft	Pair Corr
0.71	AXP	American Express	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.5	BAC	Bank of America Sell-off Trend	Pair Corr
0.5	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	GMADX	RSNYX	CBSYX	RGHYX	APDPX	KGGAX	SGMAX	HLMVX
GMADX		0.89	0.91	0.93	0.92	0.9	0.83	0.55	GMADX
RSNYX	0.89		0.84	0.86	0.93	0.93	0.79	0.54	RSNYX
CBSYX	0.91	0.84		0.87	0.89	0.91	0.9	0.75	CBSYX
RGHYX	0.93	0.86	0.87		0.83	0.91	0.87	0.66	RGHYX
APDPX	0.92	0.93	0.89	0.83		0.9	0.83	0.55	APDPX
KGGAX	0.9	0.93	0.91	0.91	0.9		0.89	0.69	KGGAX
SGMAX	0.83	0.79	0.9	0.87	0.83	0.89		0.8	SGMAX
HLMVX	0.55	0.54	0.75	0.66	0.55	0.69	0.8		HLMVX
	GMADX	RSNYX	CBSYX	RGHYX	APDPX	KGGAX	SGMAX	HLMVX

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
GMADX	0.57	0.11	0.13	0.12	0.76	-0.57	1.11	-1.28	4.68
RSNYX	1.25	0.27	0.13	0.40	1.74	-1.25	2.46	-2.74	10.51
CBSYX	0.45	0.11	0.20	0.16	0.44	-0.52	0.82	-0.93	6.07
RGHYX	0.09	0.00	0.15	0.03	0.00	-0.13	0.20	-0.20	0.60
APDPX	0.14	0.05	0.29	-1.14	0.00	-0.18	0.36	-0.27	0.99
KGGAX	0.98	0.33	0.24	-3.00	1.04	-1.12	1.89	-1.35	16.28
SGMAX	0.56	0.28	0.51	0.55	0.00	-0.73	0.69	-0.91	14.84
HLMVX	1.04	0.39	0.44	0.60	0.46	-1.32	0.95	-1.27	28.06

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