Enterprise Mergers Correlations
| EAAAX Fund | USD 15.42 0.09 0.59% |
The current 90-days correlation between Enterprise Mergers And and Enterprise Mergers And is 1.0 (i.e., No risk reduction). The correlation of Enterprise Mergers 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.
Enterprise Mergers Correlation With Market
Good diversification
The correlation between Enterprise Mergers And and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enterprise Mergers And and DJI in the same portfolio, assuming nothing else is changed.
Enterprise |
Moving together with Enterprise Mutual Fund
| 0.72 | SRIGX | Gabelli Esg Fund | PairCorr |
| 0.75 | GCIEX | Gabelli Equity | PairCorr |
| 1.0 | EMACX | Enterprise Mergers And | PairCorr |
| 1.0 | EMAAX | Enterprise Mergers And | PairCorr |
| 0.87 | EMAYX | Enterprise Mergers And | PairCorr |
| 0.72 | GVCAX | Gabelli Value | PairCorr |
| 0.89 | GVCCX | Gabelli Value | PairCorr |
| 0.89 | GVCIX | Gabelli Val | PairCorr |
| 0.67 | MLGLX | Gabelli Media Mogul | PairCorr |
| 0.64 | GEICX | Gabelli Equity Income | PairCorr |
| 0.76 | GWSAX | Gabelli Focus | PairCorr |
| 0.75 | GWSCX | Gabelli Focus | PairCorr |
| 0.81 | GWSIX | Gabelli Focus | PairCorr |
| 0.76 | GWSVX | Gabelli Focus | PairCorr |
| 0.73 | GFSIX | Gabelli Global Financial | PairCorr |
| 0.73 | GGFSX | Gabelli Global Financial | PairCorr |
| 0.62 | GIIGX | Gamco International | PairCorr |
| 0.62 | GIGRX | Gamco International | PairCorr |
| 0.65 | DRCVX | Comstock Capital Value | PairCorr |
| 0.64 | COMVX | Comstock Capital Value | PairCorr |
Related Correlations Analysis
| 0.76 | 0.45 | 0.72 | 1.0 | EMAAX | ||
| 0.76 | 0.49 | 0.76 | 0.75 | GWSVX | ||
| 0.45 | 0.49 | 0.8 | 0.46 | GABBX | ||
| 0.72 | 0.76 | 0.8 | 0.72 | GVCAX | ||
| 1.0 | 0.75 | 0.46 | 0.72 | EMACX | ||
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Risk-Adjusted Indicators
There is a big difference between Enterprise Mutual Fund performing well and Enterprise Mergers 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 Enterprise Mergers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMAAX | 0.56 | 0.00 | 0.04 | (0.04) | 0.83 | 0.96 | 3.19 | |||
| GWSVX | 0.70 | 0.05 | 0.10 | (1.12) | 0.76 | 1.23 | 3.40 | |||
| GABBX | 0.81 | (0.14) | 0.00 | (0.20) | 0.00 | 1.60 | 11.54 | |||
| GVCAX | 0.72 | (0.02) | 0.00 | (0.07) | 0.00 | 1.34 | 7.06 | |||
| EMACX | 0.56 | 0.00 | 0.04 | (0.01) | 0.83 | 0.93 | 3.21 |