Evolutionary Tree Correlations

INVNX Fund

USD 23.08 0.20 0.87%

The current 90-days correlation between Evolutionary Tree and Ultimus Managers Trust is 1.0 (i.e., No risk reduction). The correlation of Evolutionary Tree 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.

Evolutionary Tree Correlation With Market

Poor diversification

The correlation between Evolutionary Tree Innovators and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolutionary Tree Innovators and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Evolutionary Tree Innovators. 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 board of governors.

Moving together with Evolutionary Mutual Fund

1.0	INVTX	Ultimus Managers Trust	Pair Corr
0.69	FAFGX	American Funds	Pair Corr
0.69	FFAFX	American Funds	Pair Corr
0.69	GFAFX	Growth Fund	Pair Corr
0.99	ECTGX	Eaton Vance Tax	Pair Corr
0.96	LACCX	Lord Abbett Vertible	Pair Corr
0.97	CDDYX	Columbia Dividend Income	Pair Corr
0.96	FSMVX	Fidelity Mid Cap	Pair Corr
0.95	FLMVX	Jpmorgan Mid Cap	Pair Corr
0.69	FCENX	Franklin International	Pair Corr
0.96	WEIAX	Teton Vertible Securities	Pair Corr
0.96	ICMBX	Intrepid Capital	Pair Corr
0.64	IGBZX	Voya Global Bond	Pair Corr
0.97	MDAAX	Mainstay Moderate Etf	Pair Corr
0.95	WSHFX	Washington Mutual	Pair Corr
0.62	PTCMX	Principal Lifetime 2030	Pair Corr
0.93	RMBMX	Rmb Smid Cap	Pair Corr
0.96	YOVIX	Yorktown Small Cap	Pair Corr
0.65	GCFUX	Goldman Sachs E	Pair Corr
0.91	DSIBX	Dreyfus Short Interm	Pair Corr
0.95	CDDRX	Columbia Dividend Income	Pair Corr
0.94	MSJIX	Morgan Stanley Global	Pair Corr
0.95	FFFAX	Fidelity Freedom Income	Pair Corr
0.98	PLIBX	Plumb Balanced	Pair Corr
0.61	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.98	MMIUX	Massmutual Select	Pair Corr
0.87	BBSCX	Sterling Capital Short	Pair Corr
0.94	RBCRX	Rbc Bluebay Absolute Steady Growth	Pair Corr

Moving against Evolutionary Mutual Fund

0.87

GPSCX

Victory Rs Small

Pair Corr

Related Correlations Analysis

	INVNX	INVTX	AIENX	VFIAX	BCIAX	SWHCX	DLEUX	RIDCX	FDSCX	JDFAX
INVNX		1.0	0.73	0.6	0.89	0.99	0.61	0.95	0.96	0.69	INVNX
INVTX	1.0		0.73	0.6	0.89	0.99	0.61	0.95	0.96	0.69	INVTX
AIENX	0.73	0.73		0.53	0.76	0.75	0.44	0.78	0.76	0.99	AIENX
VFIAX	0.6	0.6	0.53		0.53	0.65	0.79	0.63	0.66	0.51	VFIAX
BCIAX	0.89	0.89	0.76	0.53		0.89	0.53	0.91	0.89	0.72	BCIAX
SWHCX	0.99	0.99	0.75	0.65	0.89		0.65	0.97	0.99	0.71	SWHCX
DLEUX	0.61	0.61	0.44	0.79	0.53	0.65		0.66	0.6	0.44	DLEUX
RIDCX	0.95	0.95	0.78	0.63	0.91	0.97	0.66		0.95	0.75	RIDCX
FDSCX	0.96	0.96	0.76	0.66	0.89	0.99	0.6	0.95		0.72	FDSCX
JDFAX	0.69	0.69	0.99	0.51	0.72	0.71	0.44	0.75	0.72		JDFAX
	INVNX	INVTX	AIENX	VFIAX	BCIAX	SWHCX	DLEUX	RIDCX	FDSCX	JDFAX

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Risk-Adjusted Indicators

There is a big difference between Evolutionary Mutual Fund performing well and Evolutionary Tree 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 Evolutionary Tree'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
INVNX	0.95	0.16	0.15	0.29	0.72	(1.12)	2.45	(1.57)	5.43
INVTX	0.94	0.16	0.15	0.29	0.74	(1.08)	2.47	(1.63)	5.42
AIENX	0.25	0.01	(0.35)	0.24	0.21	(0.29)	0.47	(0.46)	1.29
VFIAX	0.60	0.23	0.30	0.44	0.00	(0.77)	2.02	(0.79)	4.88
BCIAX	0.12	0.02	(0.56)	(0.53)	0.00	(0.17)	0.27	(0.18)	1.11
SWHCX	0.53	0.08	0.06	0.24	0.46	(0.58)	1.66	(1.25)	3.95
DLEUX	0.62	0.04	(0.09)	0.41	0.72	(0.64)	1.26	(1.13)	2.81
RIDCX	0.33	0.15	0.02	(1.94)	0.00	(0.38)	0.91	(0.56)	2.21
FDSCX	0.87	0.11	0.10	0.24	0.82	(0.98)	2.34	(1.63)	6.13
JDFAX	0.26	0.01	(0.34)	0.25	0.22	(0.29)	0.55	(0.43)	1.21

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