The Merger Correlations

Mutual Funds . USA . 
Fund . The Merger Fund
MERFX Fund  USD 18.04  0.01  0.06%   
The current 90-days correlation between Merger Fund and Calamos Market Neutral is 0.14 (i.e., Average diversification). The correlation of The 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.

The Merger Correlation With Market

Significant diversification

The correlation between The Merger Fund and DJI is 0.04 (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 census.

Moving together with The Mutual Fund

  0.96VMSAX Vanguard Multi SectorPairCorr
  0.96VMSSX Virtus Multi SectorPairCorr
  0.97HYIZX Ridgeworth Seix HighPairCorr
  0.9SAGAX Ridgeworth InnovativePairCorr
  0.97HYPSX Ridgeworth Seix HighPairCorr
  0.66SAMFX Ridgeworth Seix TotalPairCorr
  0.97SAMBX Ridgeworth Seix FloatingPairCorr
  0.97SAMHX Ridgeworth Seix HighPairCorr
  0.95SSAGX Virtus Seix GovernmentPairCorr
  0.92SAMVX Ridgeworth Ceredex MidPairCorr
  0.69SAMZX Ridgeworth Seix TotalPairCorr
  0.7PXCZX Virtus Tax ExemptPairCorr
  0.96PFSRX Virtus Senior FloatingPairCorr
  0.88SASVX Ridgeworth Ceredex SmallPairCorr
  0.94PXIIX Virtus Rampart EnhancedPairCorr
  0.85SAVAX Virtus Bond FundPairCorr
  0.83SAVCX Virtus Bond FundPairCorr
  0.85SAVYX Virtus Bond FundPairCorr
  0.83PXQSX Virtus Kar SmallPairCorr
  0.85SSTFX Virtus Kar CapitalPairCorr
  0.68PXSGX Virtus Kar SmallPairCorr
  0.97PGHCX Virtus High YieldPairCorr
  0.94PGICX Virtus Rampart EnhancedPairCorr
  0.83PGIUX Virtus Global InfrasPairCorr
  0.96HIBIX Virtus Low DurationPairCorr
  0.95STCZX Ridgeworth Silvant LargePairCorr
  0.95STCAX Ridgeworth Silvant LargePairCorr
  0.94STCIX Ridgeworth Silvant LargePairCorr
  0.88STCEX Ridgeworth Ceredex SmallPairCorr
  0.86HIEMX Virtus Emerging MarketsPairCorr
  0.78PGUAX Virtus Global InfrasPairCorr
  0.83PGUCX Virtus Global InfrasPairCorr
  0.83STITX Ridgeworth InternationalPairCorr
  0.96HIMZX Virtus Low DurationPairCorr
  0.97PHCHX Virtus High YieldPairCorr
  0.97PHCIX Virtus High YieldPairCorr
  0.81STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The 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 The 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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