Eventide Exponential Correlations

ETAEX Fund

USD 13.95 0.01 0.07%

The current 90-days correlation between Eventide Exponential and Redwood Managed Volatility is 0.57 (i.e., Very weak 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

Good diversification

The correlation between Eventide Exponential Technolog and DJI is -0.02 (i.e., Good 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 housing.

Moving together with Eventide Mutual Fund

0.88	ETCEX	Eventide Exponential	Pair Corr
1.0	ETIEX	Eventide Exponential	Pair Corr
1.0	ETNEX	Eventide Exponential	Pair Corr
0.87	VITAX	Vanguard Information	Pair Corr

Moving against Eventide Mutual Fund

0.32	VTSNX	Vanguard Total Inter	Pair Corr
0.32	VTISX	Vanguard Total Inter	Pair Corr
0.32	VTPSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	JVSCX	CHASX	USBNX	JVSAX	JVSNX	JSVSX	RBCGX	LMVYX	DEVDX	RWDYX
JVSCX		0.96	0.95	1.0	1.0	1.0	0.78	0.95	0.06	0.92	JVSCX
CHASX	0.96		0.86	0.95	0.95	0.95	0.86	0.91	0.26	0.89	CHASX
USBNX	0.95	0.86		0.96	0.96	0.96	0.63	0.97	-0.03	0.94	USBNX
JVSAX	1.0	0.95	0.96		1.0	1.0	0.78	0.95	0.06	0.93	JVSAX
JVSNX	1.0	0.95	0.96	1.0		1.0	0.78	0.96	0.06	0.93	JVSNX
JSVSX	1.0	0.95	0.96	1.0	1.0		0.78	0.95	0.06	0.93	JSVSX
RBCGX	0.78	0.86	0.63	0.78	0.78	0.78		0.71	0.44	0.68	RBCGX
LMVYX	0.95	0.91	0.97	0.95	0.96	0.95	0.71		0.15	0.95	LMVYX
DEVDX	0.06	0.26	-0.03	0.06	0.06	0.06	0.44	0.15		0.08	DEVDX
RWDYX	0.92	0.89	0.94	0.93	0.93	0.93	0.68	0.95	0.08		RWDYX
	JVSCX	CHASX	USBNX	JVSAX	JVSNX	JSVSX	RBCGX	LMVYX	DEVDX	RWDYX

Please upgrade your account to get full access to Macroaxis premium features

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

JVSAX	+ 1.0	JVSCX
JVSNX	+ 1.0	JVSCX
JSVSX	+ 1.0	JVSCX
JVSNX	+ 1.0	JVSAX
JSVSX	+ 1.0	JVSAX
JSVSX	+ 1.0	JVSNX

High negative correlations

DEVDX

- 0.03

USBNX

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
JVSCX	0.97	0.33	0.33	0.40	0.36	(1.10)	2.41	(1.43)	13.18
CHASX	0.99	0.20	0.16	0.30	0.92	(1.10)	1.95	(1.88)	12.57
USBNX	0.66	0.13	0.21	0.23	0.30	(0.94)	2.00	(1.07)	4.12
JVSAX	0.96	0.32	0.32	0.39	0.37	(1.11)	2.44	(1.41)	12.39
JVSNX	0.96	0.31	0.33	0.38	0.37	(1.11)	2.48	(1.48)	12.38
JSVSX	0.96	0.32	0.31	0.39	0.40	(1.09)	2.46	(1.51)	12.51
RBCGX	0.84	0.12	0.16	0.17	0.59	(1.01)	0.89	(1.59)	21.46
LMVYX	0.89	0.21	0.25	0.24	0.54	(1.11)	3.24	(1.51)	6.88
DEVDX	0.26	(0.04)	0.00	(0.15)	0.00	0.00	0.60	(0.51)	2.89
RWDYX	0.07	0.02	(0.43)	0.36	0.00	(0.11)	0.18	(0.09)	0.35

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

2026 Macroaxis LLC