Merger Fund Correlations

MERFX Fund

USD 18.43 0.01 0.05%

The current 90-days correlation between Merger Fund and The Merger Fund is -0.08 (i.e., Good diversification). The correlation of Merger Fund 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.

Merger Fund Correlation With Market

Significant diversification

The correlation between The Merger Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Merger Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Merger Fund. 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 price.

Moving together with Merger Mutual Fund

0.74	VMSAX	Vanguard Multi Sector	Pair Corr
0.82	VMSSX	Virtus Multi Sector	Pair Corr
0.72	SAMFX	Ridgeworth Seix Total	Pair Corr
0.66	SAMBX	Ridgeworth Seix Floating	Pair Corr
0.87	SSAGX	Virtus Seix Government	Pair Corr
0.86	SAMVX	Ridgeworth Ceredex Mid	Pair Corr
0.69	SAMZX	Ridgeworth Seix Total	Pair Corr
0.83	PXCZX	Virtus Tax Exempt	Pair Corr
0.64	PFSRX	Virtus Senior Floating	Pair Corr
0.74	SAVAX	Virtus Bond Fund	Pair Corr
0.68	SAVCX	Virtus Bond Fund	Pair Corr
0.71	SAVYX	Virtus Bond Fund	Pair Corr
0.79	PGIUX	Virtus Global Infras	Pair Corr
0.73	HIBIX	Virtus Low Duration	Pair Corr
0.71	STCZX	Ridgeworth Silvant Large	Pair Corr
0.71	STCAX	Ridgeworth Silvant Large	Pair Corr
0.73	STCIX	Ridgeworth Silvant Large	Pair Corr
0.65	HIEMX	Virtus Emerging Markets	Pair Corr
0.81	PGUAX	Virtus Global Infras	Pair Corr
0.8	PGUCX	Virtus Global Infras	Pair Corr
0.71	STGIX	Ridgeworth Seix E	Pair Corr
0.73	STGZX	Ridgeworth Seix E	Pair Corr
0.74	STIGX	Ridgeworth Seix E	Pair Corr
0.79	HIMZX	Virtus Low Duration	Pair Corr
0.84	STTBX	Ridgeworth Seix Inve	Pair Corr

Moving against Merger Mutual Fund

0.76	PXSGX	Virtus Kar Small	Pair Corr
0.72	PXQSX	Virtus Kar Small	Pair Corr
0.31	PICMX	Virtus Kar Mid	Pair Corr

Related Correlations Analysis

	MERIX	CALRX	MSFAX	CLMAX	SINAX	SAIFX	CSVIX	GMDFX	ABSIX	DREVX
MERIX		-0.84	-0.86	0.75	0.65	0.66	-0.86	0.87	-0.73	0.73	MERIX
CALRX	-0.84		0.96	-0.69	-0.47	-0.49	0.94	-0.87	0.92	-0.56	CALRX
MSFAX	-0.86	0.96		-0.73	-0.48	-0.5	0.92	-0.91	0.83	-0.61	MSFAX
CLMAX	0.75	-0.69	-0.73		0.75	0.76	-0.67	0.87	-0.57	0.77	CLMAX
SINAX	0.65	-0.47	-0.48	0.75		1.0	-0.37	0.69	-0.29	0.79	SINAX
SAIFX	0.66	-0.49	-0.5	0.76	1.0		-0.39	0.7	-0.31	0.8	SAIFX
CSVIX	-0.86	0.94	0.92	-0.67	-0.37	-0.39		-0.84	0.84	-0.58	CSVIX
GMDFX	0.87	-0.87	-0.91	0.87	0.69	0.7	-0.84		-0.71	0.81	GMDFX
ABSIX	-0.73	0.92	0.83	-0.57	-0.29	-0.31	0.84	-0.71		-0.37	ABSIX
DREVX	0.73	-0.56	-0.61	0.77	0.79	0.8	-0.58	0.81	-0.37		DREVX
	MERIX	CALRX	MSFAX	CLMAX	SINAX	SAIFX	CSVIX	GMDFX	ABSIX	DREVX

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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

SAIFX	+ 1.0	SINAX
MSFAX	+ 0.96	CALRX
CSVIX	+ 0.94	CALRX
ABSIX	+ 0.92	CALRX
CSVIX	+ 0.92	MSFAX
GMDFX	+ 0.87	MERIX

High negative correlations

GMDFX	- 0.91	MSFAX
GMDFX	- 0.87	CALRX
CSVIX	- 0.86	MERIX
MSFAX	- 0.86	MERIX
GMDFX	- 0.84	CSVIX
CALRX	- 0.84	MERIX

Risk-Adjusted Indicators

There is a big difference between Merger Mutual Fund performing well and Merger Fund 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 Merger Fund'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
MERIX	0.07	0.01	(0.24)	0.49	0.00	(0.11)	0.17	(0.11)	0.44
CALRX	0.75	(0.19)	0.00	(0.14)	0.00	0.00	1.45	(1.39)	5.52
MSFAX	0.48	(0.16)	0.00	(0.21)	0.00	0.00	0.84	(1.01)	3.00
CLMAX	0.17	0.04	0.02	0.92	0.00	(0.24)	0.47	(0.35)	1.18
SINAX	0.43	0.01	(0.03)	0.29	0.61	(0.40)	0.90	(0.95)	3.56
SAIFX	0.42	0.01	(0.03)	0.31	0.61	(0.40)	0.90	(0.93)	3.55
CSVIX	0.76	0.00	0.00	0.00	0.00	0.00	1.45	(1.41)	5.53
GMDFX	0.23	0.09	0.22	(1.32)	0.00	(0.32)	0.59	(0.35)	1.35
ABSIX	0.68	(0.10)	0.00	(0.06)	0.00	0.00	1.34	(1.21)	6.04
DREVX	0.62	(0.01)	(0.01)	0.02	0.93	(0.57)	1.10	(1.37)	4.11

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