Vivaldi Merger Correlations

VARAX Fund

USD 10.45 0.01 0.1%

Current 90-days correlation between Vivaldi Merger Arbitrage and World Precious Minerals is 0.22 (i.e., Moderate diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Signal - Vivaldi Merger

Excellent diversification

Across the chosen horizon, Vivaldi Merger and Dow Jones show a correlation of -0.15 and fall into the Excellent diversification bucket. This chart measures the degree of risk overlap between Vivaldi Merger and Dow Jones.

A holding's risk contribution depends on both its volatility and its correlation with other portfolio positions. Understanding allocation structure supports portfolio context. How positions are weighted depends on the construction approach applied. Broader economic conditions can influence Vivaldi Merger Arbitrage's mutual fund valuation - related indicators include signals in nation.

Moving together with Vivaldi Mutual Fund

0.65	BILPX	Blkrk Lc Cr	Pair Corr
0.64	BALPX	Blckrk Lc Cr	Pair Corr
0.9	MERFX	Merger Fund	Pair Corr
0.9	MERIX	Merger Fund	Pair Corr
0.97	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.99	VARCX	First Trust Merger	Pair Corr
0.97	HMEAX	Highland Merger Arbitrage	Pair Corr
0.94	HMEZX	Highland Merger Arbitrage	Pair Corr

Moving Against Vivaldi Mutual Fund

0.59	TCSUX	Cleartrack 2020 Class	Pair Corr
0.57	TCTGX	Transamerica Cleartrack	Pair Corr
0.57	TCTJX	Transamerica Cleartrack	Pair Corr
0.56	TDKTX	Cleartrack 2015 Class	Pair Corr
0.45	PDI	PIMCO Dynamic Income	Pair Corr
0.88	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	FGADX	INIYX	OGMCX	XGGNX	FGDIX	GLRIX	GCEBX	UNWPX
FGADX		0.89	0.98	0.88	0.98	0.68	0.0	0.78	FGADX
INIYX	0.89		0.86	0.99	0.87	0.72	0.15	0.88	INIYX
OGMCX	0.98	0.86		0.86	1.0	0.62	-0.07	0.69	OGMCX
XGGNX	0.88	0.99	0.86		0.87	0.72	0.17	0.86	XGGNX
FGDIX	0.98	0.87	1.0	0.87		0.6	-0.03	0.69	FGDIX
GLRIX	0.68	0.72	0.62	0.72	0.6		0.35	0.86	GLRIX
GCEBX	0.0	0.15	-0.07	0.17	-0.03	0.35		0.4	GCEBX
UNWPX	0.78	0.88	0.69	0.86	0.69	0.86	0.4		UNWPX
	FGADX	INIYX	OGMCX	XGGNX	FGDIX	GLRIX	GCEBX	UNWPX

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

FGDIX	+ 1.0	OGMCX
XGGNX	+ 0.99	INIYX
OGMCX	+ 0.98	FGADX
FGDIX	+ 0.98	FGADX
INIYX	+ 0.89	FGADX
XGGNX	+ 0.88	FGADX

High negative correlations

GCEBX	- 0.07	OGMCX
GCEBX	- 0.03	FGDIX
GCEBX	- 0.0	FGADX

Risk-Adjusted Indicators

Strong recent returns in Vivaldi Mutual Fund do not always mean Vivaldi Merger Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare Vivaldi Merger's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FGADX	2.76	0.03	0.01	0.01	4.46	-2.31	4.33	-6.49	14.46
INIYX	2.64	0.02	0.00	-0.05	4.61	-2.16	4.72	-6.37	15.58
OGMCX	2.53	-0.03	0.00	-0.02	0.00	0.00	4.72	-5.96	14.22
XGGNX	1.10	0.00	0.00	0.00	1.67	-1.02	1.86	-2.70	6.13
FGDIX	2.64	-0.02	0.00	-0.01	0.00	0.00	4.93	-6.18	15.06
GLRIX	0.43	0.04	0.07	-1.21	0.48	-0.49	1.03	-0.95	2.59
GCEBX	0.99	0.21	0.14	-1.17	1.27	-1.01	2.11	-2.01	5.96
UNWPX	2.79	0.21	0.05	-0.41	3.86	-2.85	5.67	-6.19	19.71