Highland Merger Correlations

Mutual Funds USA . 
Fund . Highland Merger Arbitrage
HMECX Fund  USD 19.00  0.01  0.05%   
The current 90-days correlation between Highland Merger Arbitrage and Financial Services Fund is -0.06 (i.e., Good diversification). The correlation of Highland 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highland Merger Arbitrage. 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 interest.

Moving together with Highland Mutual Fund

  0.87HHCZX Highland Long/shortPairCorr
  0.86HHCAX Highland Long/shortPairCorr
  0.86HHCCX Highland Long/shortPairCorr
  0.99HMEAX Highland Merger ArbitragePairCorr
  0.99HMEZX Highland Merger ArbitragePairCorr
  0.68BALPX Blckrk Lc CrPairCorr
  0.72BILPX Blkrk Lc CrPairCorr
  0.96MERIX Merger FundPairCorr
  0.95MERFX Merger FundPairCorr
  0.96VARAX Vivaldi Merger ArbitragePairCorr
  0.96VARBX Vivaldi Merger ArbitragePairCorr
  0.96VARCX First Trust MergerPairCorr
  0.82ARBCX The ArbitragePairCorr
  0.89ARBNX The ArbitragePairCorr
  0.88XDSMX Dreyfus StrategicPairCorr
  0.85XNXJX Nuveen New JerseyPairCorr
  0.93NXJ Nuveen New JerseyPairCorr
  0.84XNBHX Neuberger Berman IntPairCorr
  0.75ASIEX Strategic IncomePairCorr
  0.67HCIIX E FixedPairCorr
  0.91TEPLX Templeton GrowthPairCorr
  0.81FPJAX Fidelity JapanPairCorr
  0.88MAIJX Morgan Stanley InstiPairCorr
  0.91MOGAX Massmutual RetiresmartPairCorr
  0.67AADEX American Beacon LargePairCorr
  0.85HRCAX Harbor Capital ApprePairCorr
  0.82DTBRX Prudential Total ReturnPairCorr
  0.83FKIQX Franklin IncomePairCorr
  0.9AULRX Ultra Fund RPairCorr
  0.81VFSIX Vanguard Short TermPairCorr

Moving against Highland Mutual Fund

  0.32PCF Putnam High IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Highland Mutual Fund performing well and Highland 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 Highland 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.

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