The Merger Correlations

MERIX Fund

USD 17.07 0.02 0.12%

The current 90-days correlation between Merger Fund and Dreyfus Fund Inc is -0.12 (i.e., 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 poor diversification

The correlation between The Merger Fund and DJI is 0.8 (i.e., Very poor 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 gross domestic product.

Moving together with The Mutual Fund

0.68	VMSAX	Vanguard Multi Sector	Pair Corr
0.69	VMSSX	Virtus Multi Sector	Pair Corr
0.69	HYIZX	Ridgeworth Seix High	Pair Corr
0.9	HYPSX	Ridgeworth Seix High	Pair Corr
0.66	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.7	SAMHX	Ridgeworth Seix High	Pair Corr
0.67	SSAGX	Virtus Seix Government	Pair Corr
0.71	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.75	SASVX	Ridgeworth Ceredex Small	Pair Corr
0.72	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.63	SAVAX	Virtus Bond Fund	Pair Corr
0.63	SAVCX	Virtus Bond Fund	Pair Corr
0.65	SAVYX	Virtus Bond Fund	Pair Corr
0.74	PXQSX	Virtus Kar Small	Pair Corr
0.62	PGHCX	Virtus High Yield	Pair Corr
0.71	PGICX	Virtus Rampart Enhanced	Pair Corr
0.7	PGIUX	Virtus Global Infras	Pair Corr
0.66	HIBIX	Virtus Low Duration	Pair Corr
0.67	STCEX	Ridgeworth Ceredex Small	Pair Corr
0.74	HIEMX	Virtus Emerging Markets	Pair Corr
0.87	PGUAX	Virtus Global Infras	Pair Corr
0.67	HIMZX	Virtus Low Duration	Pair Corr
0.76	PHCHX	Virtus High Yield	Pair Corr
0.76	PHCIX	Virtus High Yield	Pair Corr
0.72	STTBX	Ridgeworth Seix Inve	Pair Corr

Moving against The Mutual Fund

0.74	PXSGX	Virtus Kar Small	Pair Corr
0.56	PHSKX	Virtus Kar Mid	Pair Corr
0.56	PICMX	Virtus Kar Mid	Pair Corr

Related Correlations Analysis

	MERFX	CALRX	MSFAX	CLMAX	SINAX	SAIFX	GMDFX	CSVIX	ABSIX	DREVX
MERFX		0.79	0.88	0.73	0.78	0.78	0.77	0.79	0.75	0.83	MERFX
CALRX	0.79		0.75	0.39	0.88	0.88	0.54	1.0	0.96	0.89	CALRX
MSFAX	0.88	0.75		0.4	0.68	0.68	0.43	0.75	0.62	0.88	MSFAX
CLMAX	0.73	0.39	0.4		0.51	0.51	0.93	0.39	0.5	0.35	CLMAX
SINAX	0.78	0.88	0.68	0.51		1.0	0.66	0.88	0.92	0.9	SINAX
SAIFX	0.78	0.88	0.68	0.51	1.0		0.66	0.88	0.92	0.9	SAIFX
GMDFX	0.77	0.54	0.43	0.93	0.66	0.66		0.54	0.66	0.48	GMDFX
CSVIX	0.79	1.0	0.75	0.39	0.88	0.88	0.54		0.96	0.89	CSVIX
ABSIX	0.75	0.96	0.62	0.5	0.92	0.92	0.66	0.96		0.84	ABSIX
DREVX	0.83	0.89	0.88	0.35	0.9	0.9	0.48	0.89	0.84		DREVX
	MERFX	CALRX	MSFAX	CLMAX	SINAX	SAIFX	GMDFX	CSVIX	ABSIX	DREVX

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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
MERFX	0.13	0.06	0.02	(3.87)	0.00	(0.21)	0.17	(0.12)	3.59
CALRX	1.03	0.26	0.34	0.24	0.38	(1.40)	2.11	(1.42)	17.09
MSFAX	0.76	0.13	0.07	(1.17)	0.78	(0.88)	1.18	(1.41)	17.56
CLMAX	0.14	0.03	(0.16)	(0.99)	0.00	(0.22)	0.47	(0.23)	0.82
SINAX	0.74	0.24	0.34	0.34	0.07	(0.90)	1.41	(0.94)	13.63
SAIFX	0.74	0.24	0.34	0.36	0.11	(0.90)	1.41	(0.97)	13.62
GMDFX	0.19	0.11	0.30	2.28	0.00	(0.26)	0.45	(0.22)	2.35
CSVIX	1.03	0.26	0.34	0.24	0.38	(1.39)	2.07	(1.45)	17.07
ABSIX	0.85	0.20	0.24	0.22	0.47	(1.05)	2.40	(1.26)	8.33
DREVX	0.79	0.10	0.07	0.22	0.82	(0.84)	1.21	(1.50)	12.56

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