Eventide Exponential Correlations

ETAEX Fund

USD 11.68 0.33 2.75%

The current 90-days correlation between Eventide Exponential and Artisan Emerging Markets is -0.05 (i.e., Good diversification). The correlation of Eventide Exponential 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.

Eventide Exponential Correlation With Market

Poor diversification

The correlation between Eventide Exponential Technolog and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventide Exponential Technolog 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 Eventide Exponential Technologies. 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 income.

Moving together with Eventide Mutual Fund

0.7	VEEA	Veea Inc Symbol Change	Pair Corr
0.67	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.75	YAAS	Youxin Technology	Pair Corr
0.66	ZSPC	zSpace, Common stock	Pair Corr
0.83	INGM	Ingram Micro Holding	Pair Corr
0.77	MIND	Mind Technology	Pair Corr
0.88	HPE-PC	Hewlett Packard Ente	Pair Corr
0.73	VEEAW	Veea Inc Symbol Change	Pair Corr
0.7	NOVA	Sunnova Energy Inter	Pair Corr
0.61	NXXT	NextNRG Symbol Change	Pair Corr
0.76	CORZZ	Core Scientific, Tranche	Pair Corr
0.77	SLNHP	Soluna Holdings Preferred	Pair Corr

Moving against Eventide Mutual Fund

0.63	EMKR	EMCORE	Pair Corr
0.75	MTTR	Matterport	Pair Corr
0.71	INFN	Infinera	Pair Corr
0.49	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.44	HPAIW	Helport AI Limited	Pair Corr
0.66	ETABX	Eventide Limited Term	Pair Corr
0.58	ETARX	Eventide Core Bond	Pair Corr
0.58	ETCRX	Eventide Core Bond	Pair Corr
0.38	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	APDOX	ANGCX	DBELX	FHKFX	SEDAX
APDOX		0.73	0.82	0.76	0.93	APDOX
ANGCX	0.73		0.89	0.75	0.88	ANGCX
DBELX	0.82	0.89		0.9	0.93	DBELX
FHKFX	0.76	0.75	0.9		0.85	FHKFX
SEDAX	0.93	0.88	0.93	0.85		SEDAX
	APDOX	ANGCX	DBELX	FHKFX	SEDAX

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Risk-Adjusted Indicators

There is a big difference between Eventide Mutual Fund performing well and Eventide Exponential 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 Eventide Exponential'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
APDOX	0.15	0.04	0.29	0.90	0.05	(0.18)	0.30	(0.29)	1.07
ANGCX	0.13	0.02	0.35	2.91	0.00	(0.22)	0.36	(0.24)	0.83
DBELX	0.32	0.05	0.29	1.71	0.16	(0.44)	0.71	(0.48)	1.78
FHKFX	0.84	0.09	0.10	0.11	1.05	(0.88)	1.94	(1.85)	5.94
SEDAX	0.23	0.04	0.34	0.45	0.00	(0.33)	0.59	(0.36)	1.30

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