The Merger Correlations

MERIX Fund

USD 17.37 0.02 0.12%

The current 90-days correlation between Merger Fund and Strategic Advisers International is 0.03 (i.e., Significant 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

Modest diversification

The correlation between The Merger Fund and DJI is 0.25 (i.e., Modest 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

0.72	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.73	PGICX	Virtus Rampart Enhanced	Pair Corr

Moving against The Mutual Fund

0.4	SAMFX	Ridgeworth Seix Total	Pair Corr
0.39	SAMZX	Ridgeworth Seix Total	Pair Corr
0.35	PXCZX	Virtus Tax Exempt	Pair Corr
0.33	SAVAX	Virtus Bond Fund	Pair Corr
0.32	SAVCX	Virtus Bond Fund	Pair Corr
0.32	SAVYX	Virtus Bond Fund	Pair Corr
0.38	STGIX	Ridgeworth Seix E	Pair Corr
0.38	STGZX	Ridgeworth Seix E	Pair Corr
0.38	STIGX	Ridgeworth Seix E	Pair Corr
0.35	SCFTX	Ridgeworth Seix High	Pair Corr
0.33	STICX	Ridgeworth Seix Porate	Pair Corr
0.32	STIFX	Ridgeworth Seix Porate	Pair Corr

Related Correlations Analysis

	FILFX	FPIOX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
FILFX		-0.38	0.0	0.14	-0.19	-0.72	0.16	-0.67	-0.63	-0.09	FILFX
FPIOX	-0.38		0.0	0.7	0.93	0.34	0.71	0.39	0.3	0.59	FPIOX
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.14	0.7	0.0		0.67	-0.11	0.81	-0.02	0.15	0.78	MSTSX
LBHIX	-0.19	0.93	0.0	0.67		0.19	0.71	0.27	0.09	0.46	LBHIX
VIASP	-0.72	0.34	0.0	-0.11	0.19		-0.01	0.79	0.53	-0.12	VIASP
RRTLX	0.16	0.71	0.0	0.81	0.71	-0.01		0.05	0.01	0.51	RRTLX
OSHDF	-0.67	0.39	0.0	-0.02	0.27	0.79	0.05		0.35	-0.08	OSHDF
70082LAB3	-0.63	0.3	0.0	0.15	0.09	0.53	0.01	0.35		0.27	70082LAB3
SITKF	-0.09	0.59	0.0	0.78	0.46	-0.12	0.51	-0.08	0.27		SITKF
	FILFX	FPIOX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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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

LBHIX	+ 0.93	FPIOX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
SITKF	+ 0.78	MSTSX
RRTLX	+ 0.71	FPIOX
RRTLX	+ 0.71	LBHIX

High negative correlations

VIASP	- 0.72	FILFX
OSHDF	- 0.67	FILFX
70082LAB3	- 0.63	FILFX
FPIOX	- 0.38	FILFX
LBHIX	- 0.19	FILFX
SITKF	- 0.12	VIASP

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	0.53	(0.09)	0.00	(0.21)	0.00	0.00	1.11	(1.04)	3.88
FPIOX	0.11	0.03	(0.49)	7.53	0.00	(0.19)	0.34	(0.23)	0.80
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27
SITKF	5.54	1.04	0.14	4.02	5.03	(8.12)	14.29	(9.09)	32.64

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