Evolutionary Tree Correlations

INVNX Fund

USD 22.26 0.05 0.23%

The current 90-days correlation between Evolutionary Tree and Ultimus Managers Trust is 1.0 (i.e., No risk reduction). The correlation of Evolutionary Tree 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.

Evolutionary Tree Correlation With Market

Poor diversification

The correlation between Evolutionary Tree Innovators and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolutionary Tree Innovators and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Evolutionary Tree Innovators. 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 board of governors.

Moving together with Evolutionary Mutual Fund

1.0	INVTX	Ultimus Managers Trust	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.94	GFACX	Growth Fund	Pair Corr
0.94	GFAFX	Growth Fund	Pair Corr
0.94	AGTHX	Growth Fund	Pair Corr
0.94	CGFFX	Growth Fund	Pair Corr
0.94	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.94	CGFEX	Growth Fund	Pair Corr
0.94	RGAEX	Growth Fund	Pair Corr
0.93	ANFVX	Allianzgi Nfj Small	Pair Corr
0.94	NWABX	Nationwide Fund6	Pair Corr
0.89	GUMNX	Guggenheim Market Neutral	Pair Corr
0.87	RRSVX	Rbc Small Cap	Pair Corr
0.94	BTCLX	Cboe Vest Bitcoin	Pair Corr
0.77	LCTRX	Leader Total Return	Pair Corr
0.93	BSCAX	Brandes Small Cap	Pair Corr
0.8	FTAHX	American Funds American	Pair Corr
0.89	JHQDX	Jpmorgan Hedged Equity	Pair Corr
0.61	TMACX	Touchstone Arbitrage	Pair Corr
0.86	TMCIX	Rbc Smid Cap	Pair Corr
0.83	RWMGX	Washington Mutual	Pair Corr
0.93	BRLGX	American Beacon Bridgeway	Pair Corr
0.68	SSSFX	Amg Southernsun Small	Pair Corr
0.97	USMIX	Extended Market Index	Pair Corr
0.72	FQIPX	Fidelity Freedom Index	Pair Corr

Moving against Evolutionary Mutual Fund

0.54	NHS	Neuberger Berman High	Pair Corr
0.53	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	INVTX	FMSGX	FIKAX	NBGIX	PFN	AMHIX	RA	MSTSX	VFIAX
INVTX		0.44	0.64	0.95	0.56	-0.04	0.45	0.52	0.94	INVTX
FMSGX	0.44		0.24	0.48	0.77	0.16	0.78	0.87	0.63	FMSGX
FIKAX	0.64	0.24		0.75	0.57	0.09	0.34	0.56	0.69	FIKAX
NBGIX	0.95	0.48	0.75		0.58	0.0	0.49	0.64	0.94	NBGIX
PFN	0.56	0.77	0.57	0.58		0.27	0.77	0.87	0.72	PFN
AMHIX	-0.04	0.16	0.09	0.0	0.27		0.58	0.24	-0.06	AMHIX
RA	0.45	0.78	0.34	0.49	0.77	0.58		0.78	0.54	RA
MSTSX	0.52	0.87	0.56	0.64	0.87	0.24	0.78		0.72	MSTSX
VFIAX	0.94	0.63	0.69	0.94	0.72	-0.06	0.54	0.72		VFIAX
	INVTX	FMSGX	FIKAX	NBGIX	PFN	AMHIX	RA	MSTSX	VFIAX

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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

NBGIX	+ 0.95	INVTX
VFIAX	+ 0.94	INVTX
VFIAX	+ 0.94	NBGIX
MSTSX	+ 0.87	FMSGX
MSTSX	+ 0.87	PFN
RA	+ 0.78	FMSGX

High negative correlations

VFIAX	- 0.06	AMHIX
AMHIX	- 0.04	INVTX
AMHIX	- 0.0	NBGIX

Risk-Adjusted Indicators

There is a big difference between Evolutionary Mutual Fund performing well and Evolutionary Tree 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 Evolutionary Tree'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
INVTX	0.83	0.11	0.09	0.23	0.87	(0.89)	1.72	(1.69)	4.58
FMSGX	0.44	(0.01)	(0.15)	0.10	0.52	(0.47)	0.86	(1.00)	2.45
FIKAX	0.94	(0.04)	(0.05)	0.07	1.33	(0.90)	2.07	(2.13)	5.82
NBGIX	0.83	(0.03)	0.02	0.11	0.89	(0.86)	1.80	(1.28)	6.46
PFN	0.26	0.06	(0.12)	1.28	0.23	(0.35)	0.66	(0.53)	2.28
AMHIX	0.16	0.03	(0.27)	(0.18)	0.24	(0.18)	0.33	(0.32)	1.50
RA	0.37	0.03	(0.15)	0.31	0.39	(0.40)	0.83	(0.82)	2.11
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
VFIAX	0.55	0.01	(0.02)	0.14	0.65	(0.56)	1.17	(1.31)	3.84

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