The Merger Correlations

MERFX Fund

USD 17.47 0.02 0.11%

The current 90-days correlation between Merger Fund and Strategic Advisers International is -0.32 (i.e., Very good diversification). The correlation of The Merger 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.

The Merger Correlation With Market

Very good diversification

The correlation between The Merger Fund and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Merger Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Merger Fund. 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 census.

Moving together with The Mutual Fund

0.66	VMSAX	Vanguard Multi Sector	Pair Corr
0.68	HYIZX	Ridgeworth Seix High	Pair Corr
0.66	HYPSX	Ridgeworth Seix High	Pair Corr
0.64	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.68	SAMHX	Ridgeworth Seix High	Pair Corr
0.65	PGHCX	Virtus High Yield	Pair Corr
0.72	HIBIX	Virtus Low Duration	Pair Corr
0.77	STITX	Ridgeworth International	Pair Corr
0.68	PHCHX	Virtus High Yield	Pair Corr
0.69	PHCIX	Virtus High Yield	Pair Corr

Moving against The Mutual Fund

0.41

PXSGX

Virtus Kar Small

Pair Corr

Related Correlations Analysis

	FILFX	FSCFX	FPIOX	FPCIX	FSAMX
FILFX		0.0	0.68	0.89	0.89	FILFX
FSCFX	0.0		0.0	0.0	0.0	FSCFX
FPIOX	0.68	0.0		0.68	0.54	FPIOX
FPCIX	0.89	0.0	0.68		0.67	FPCIX
FSAMX	0.89	0.0	0.54	0.67		FSAMX
	FILFX	FSCFX	FPIOX	FPCIX	FSAMX

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

FPCIX	+ 0.89	FILFX
FSAMX	+ 0.89	FILFX
FPIOX	+ 0.68	FILFX
FPCIX	+ 0.68	FPIOX
FSAMX	+ 0.67	FPCIX
FSAMX	+ 0.54	FPIOX

High negative correlations

FSAMX	- 0.0	FSCFX
FPCIX	- 0.0	FSCFX
FPIOX	- 0.0	FSCFX
FSCFX	- 0.0	FILFX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Merger 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 The Merger'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
FILFX	0.65	0.18	0.21	0.23	0.84	(0.67)	1.69	(1.63)	4.90
FSCFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPIOX	0.17	0.03	0.40	0.15	0.00	(0.24)	0.46	(0.34)	1.27
FPCIX	0.25	0.05	0.39	0.84	0.11	(0.30)	0.66	(0.45)	1.35
FSAMX	0.76	0.11	0.15	0.19	0.90	(0.86)	1.73	(1.73)	5.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC