Eventide Global Correlations
The correlation of Eventide Global 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 |
Moving together with Eventide Mutual Fund
| 0.61 | VEXMX | Vanguard Extended Market | PairCorr |
| 0.61 | FSMAX | Fidelity Extended Market | PairCorr |
| 0.72 | MSFT | Microsoft | PairCorr |
Moving against Eventide Mutual Fund
Related Correlations Analysis
| 0.77 | 0.98 | 0.99 | 1.0 | RGVEX | ||
| 0.77 | 0.72 | 0.72 | 0.78 | SSAGX | ||
| 0.98 | 0.72 | 0.97 | 0.97 | JGBZX | ||
| 0.99 | 0.72 | 0.97 | 0.99 | RGVAX | ||
| 1.0 | 0.78 | 0.97 | 0.99 | USGFX | ||
Risk-Adjusted Indicators
There is a big difference between Eventide Mutual Fund performing well and Eventide Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RGVEX | 0.16 | 0.02 | 0.00 | (1.27) | 0.00 | 0.33 | 0.91 | |||
| SSAGX | 0.05 | 0.01 | 0.00 | (1.49) | 0.00 | 0.10 | 0.51 | |||
| JGBZX | 0.16 | 0.02 | 0.01 | (2.51) | 0.01 | 0.31 | 1.02 | |||
| RGVAX | 0.15 | 0.02 | (0.01) | (1.10) | 0.02 | 0.33 | 0.91 | |||
| USGFX | 0.16 | 0.02 | 0.00 | (1.21) | 0.00 | 0.33 | 0.91 |