Evexx Correlations

EVEXX Fund

1.00 3.26 76.53%

The current 90-days correlation between Evexx and Rbb Fund Trust is 0.07 (i.e., Significant diversification). The correlation of Evexx 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.

Evexx Correlation With Market

Good diversification

The correlation between Evexx and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evexx 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 Evexx. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving against Evexx Money Market Fund

0.36	CSCO	Cisco Systems	Pair Corr
0.35	DIS	Walt Disney	Pair Corr
0.35	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	PEIEX	HLGZX	ZGFIX	ARTRX	GAFAX	FSBCX
PEIEX		-0.51	-0.39	0.76	-0.22	0.14	PEIEX
HLGZX	-0.51		0.74	-0.09	0.8	0.6	HLGZX
ZGFIX	-0.39	0.74		-0.11	0.8	0.74	ZGFIX
ARTRX	0.76	-0.09	-0.11		0.13	0.51	ARTRX
GAFAX	-0.22	0.8	0.8	0.13		0.77	GAFAX
FSBCX	0.14	0.6	0.74	0.51	0.77		FSBCX
	PEIEX	HLGZX	ZGFIX	ARTRX	GAFAX	FSBCX

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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

GAFAX	+ 0.8	HLGZX
GAFAX	+ 0.8	ZGFIX
FSBCX	+ 0.77	GAFAX
ARTRX	+ 0.76	PEIEX
ZGFIX	+ 0.74	HLGZX
FSBCX	+ 0.74	ZGFIX

High negative correlations

HLGZX	- 0.51	PEIEX
ZGFIX	- 0.39	PEIEX
GAFAX	- 0.22	PEIEX
ARTRX	- 0.11	ZGFIX
ARTRX	- 0.09	HLGZX

Risk-Adjusted Indicators

There is a big difference between Evexx Money Market Fund performing well and Evexx Money Market 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 Evexx'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
PEIEX	0.80	(0.10)	0.00	43.75	0.00	0.00	1.38	(1.30)	15.64
HLGZX	0.58	(0.01)	(0.01)	(0.22)	0.86	(0.56)	1.00	(1.33)	4.26
ZGFIX	0.45	0.00	0.01	0.13	0.70	(0.44)	0.78	(1.01)	3.74
ARTRX	0.78	(0.16)	0.00	(1.03)	0.00	0.00	1.10	(1.34)	12.95
GAFAX	0.27	(0.02)	0.00	(0.17)	0.00	0.00	0.57	(0.57)	1.90
FSBCX	0.39	(0.03)	0.00	(0.25)	0.00	0.00	0.67	(0.85)	3.12

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