Eventide Gilead Correlations
ETGLX Fund | USD 53.41 0.26 0.48% |
The current 90-days correlation between Eventide Gilead and Vanguard Health Care is -0.19 (i.e., Good diversification). The correlation of Eventide Gilead 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 Gilead Correlation With Market
Very weak diversification
The correlation between Eventide Gilead Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventide Gilead Fund and DJI in the same portfolio, assuming nothing else is changed.
Eventide |
Moving together with Eventide Mutual Fund
0.72 | ETARX | Eventide Core Bond | PairCorr |
0.98 | ETAMX | Eventide Multi Asset | PairCorr |
0.69 | ETAHX | Eventide Healthcare Life | PairCorr |
1.0 | ETAGX | Eventide Gilead | PairCorr |
0.9 | ETAEX | Eventide Exponential | PairCorr |
0.88 | ETADX | Eventide Global Dividend | PairCorr |
0.77 | ETABX | Eventide Limited Term | PairCorr |
0.7 | ETCRX | Eventide Core Bond | PairCorr |
0.98 | ETCMX | Eventide Multi Asset | PairCorr |
0.91 | ETCHX | Eventide Healthcare Life | PairCorr |
0.92 | ETCGX | Eventide Gilead | PairCorr |
0.68 | PAMCX | T Rowe Price | PairCorr |
0.68 | RRMGX | T Rowe Price | PairCorr |
0.68 | TRQZX | T Rowe Price | PairCorr |
0.68 | RPMGX | T Rowe Price | PairCorr |
0.61 | PRJIX | T Rowe Price | PairCorr |
0.61 | PRNHX | T Rowe Price | PairCorr |
0.61 | TRUZX | T Rowe Price | PairCorr |
0.67 | PCBIX | Midcap Fund Institutional | PairCorr |
0.67 | PEMGX | Midcap Fund Class | PairCorr |
0.67 | PMBCX | Midcap Fund Class | PairCorr |
0.7 | PFN | Pimco Income Strategy | PairCorr |
0.64 | PCF | Putnam High Income | PairCorr |
0.65 | GNXCX | Alphacentric Global | PairCorr |
0.75 | IEYYX | Ivy Energy Fund | PairCorr |
0.8 | LRRRX | Floating Rate | PairCorr |
0.68 | HWLIX | Hotchkis Wiley Large | PairCorr |
0.76 | RRPPX | American Funds Retirement | PairCorr |
0.77 | GCSUX | Goldman Sachs Small | PairCorr |
0.98 | GCTIX | Goldman Sachs Tax | PairCorr |
0.8 | FHKAX | Fidelity China Region | PairCorr |
0.83 | MSUMX | Managed Account Series | PairCorr |
0.71 | PRWBX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.68 | 0.76 | 0.9 | 0.79 | 0.57 | VGHCX | ||
0.68 | 0.59 | 0.57 | 0.49 | 0.89 | JEHSX | ||
0.76 | 0.59 | 0.51 | 0.85 | 0.38 | AHSZX | ||
0.9 | 0.57 | 0.51 | 0.63 | 0.58 | SWHFX | ||
0.79 | 0.49 | 0.85 | 0.63 | 0.33 | RAGHX | ||
0.57 | 0.89 | 0.38 | 0.58 | 0.33 | FHCCX | ||
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Risk-Adjusted Indicators
There is a big difference between Eventide Mutual Fund performing well and Eventide Gilead 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 Gilead'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VGHCX | 1.09 | (0.04) | 0.00 | 0.34 | 0.00 | 1.91 | 7.19 | |||
JEHSX | 1.18 | (0.10) | 0.00 | (0.05) | 0.00 | 2.28 | 9.82 | |||
AHSZX | 0.87 | (0.01) | 0.00 | 0.14 | 0.00 | 1.38 | 6.52 | |||
SWHFX | 1.04 | (0.06) | 0.00 | 0.52 | 0.00 | 1.70 | 7.05 | |||
RAGHX | 1.12 | (0.01) | 0.00 | 0.15 | 0.00 | 2.15 | 9.59 | |||
FHCCX | 1.01 | (0.11) | 0.00 | (0.07) | 0.00 | 1.99 | 9.25 |