Vivaldi Merger Correlations

VARAX Fund

USD 10.88 0.01 0.09%

The current 90-days correlation between Vivaldi Merger Arbitrage and Multimedia Portfolio Multimedia is -0.1 (i.e., Good diversification). The correlation of Vivaldi 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.

Vivaldi Merger Correlation With Market

Good diversification

The correlation between Vivaldi Merger Arbitrage and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vivaldi Merger Arbitrage and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vivaldi 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 nation.

Moving together with Vivaldi Mutual Fund

0.83	CWAIX	First Trust Managed	Pair Corr
0.88	FTMAX	Franklin Templeton	Pair Corr
0.86	FTMCX	First Trust Multi	Pair Corr
0.65	FDHIX	First Trust Short	Pair Corr
0.61	FDHCX	First Trust Short	Pair Corr
0.63	FDHAX	First Trust Short	Pair Corr
1.0	VARBX	Vivaldi Merger Arbitrage	Pair Corr
1.0	VARCX	First Trust Merger	Pair Corr
0.84	FPEIX	First Trust Preferred	Pair Corr
0.84	FPEFX	First Trust Preferred	Pair Corr
0.84	FPECX	First Trust Preferred	Pair Corr
0.84	FPEAX	First Trust Preferred	Pair Corr
0.66	BALPX	Blckrk Lc Cr	Pair Corr
0.7	BILPX	Blkrk Lc Cr	Pair Corr
0.97	MERIX	Merger Fund	Pair Corr
0.97	MERFX	Merger Fund	Pair Corr
0.67	ARBCX	The Arbitrage	Pair Corr
0.74	ARBNX	The Arbitrage	Pair Corr
0.62	MBIRX	Morgan Stanley Insight	Pair Corr
0.62	MCRTX	Morgan Stanley Multi	Pair Corr
0.76	ONERX	One Rock Fund Steady Growth	Pair Corr
0.61	MSGUX	Growth Portfolio Class	Pair Corr
0.64	MSCMX	Morgan Stanley Multi	Pair Corr
0.73	ANMCX	New York Municipal	Pair Corr
0.8	ESCIX	Ashmore Emerging Markets	Pair Corr
0.75	FREGX	Nuveen Real Estate	Pair Corr
0.8	VIGRX	Vanguard Growth Index	Pair Corr
0.88	FSELX	Fidelity Select Semi	Pair Corr
0.66	SSEAX	Siit Screened World	Pair Corr
0.78	FMSGX	Frontier Mfg Global	Pair Corr
0.62	RYIIX	Internet Fund Investor	Pair Corr
0.75	PYVAX	Payden Equity Income	Pair Corr

Moving against Vivaldi Mutual Fund

0.67	FOVCX	First Trust/confluence	Pair Corr
0.66	FOVIX	First Trust/confluence	Pair Corr
0.66	FOVAX	First Trust/confluence	Pair Corr

Related Correlations Analysis

	FBMPX	BXHCX	GQESX	FNTAX	LAVVX	IIXIX	WACIX	TALTX
FBMPX		0.9	0.8	0.89	0.92	0.73	0.88	0.86	FBMPX
BXHCX	0.9		0.83	0.87	0.91	0.87	0.89	0.88	BXHCX
GQESX	0.8	0.83		0.93	0.9	0.79	0.85	0.98	GQESX
FNTAX	0.89	0.87	0.93		0.91	0.87	0.94	0.96	FNTAX
LAVVX	0.92	0.91	0.9	0.91		0.78	0.87	0.93	LAVVX
IIXIX	0.73	0.87	0.79	0.87	0.78		0.89	0.84	IIXIX
WACIX	0.88	0.89	0.85	0.94	0.87	0.89		0.92	WACIX
TALTX	0.86	0.88	0.98	0.96	0.93	0.84	0.92		TALTX
	FBMPX	BXHCX	GQESX	FNTAX	LAVVX	IIXIX	WACIX	TALTX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FBMPX	0.88	0.11	0.11	0.18	0.85	(0.98)	2.41	(1.16)	5.67
BXHCX	0.12	0.02	(0.30)	(0.28)	0.00	(0.23)	0.36	(0.24)	1.11
GQESX	0.50	0.13	0.06	(1.20)	0.57	(0.53)	1.26	(0.88)	3.90
FNTAX	0.13	0.07	(0.06)	(6.38)	0.00	(0.22)	0.42	(0.11)	0.75
LAVVX	0.42	0.01	(0.01)	0.09	0.45	(0.46)	1.15	(0.85)	3.08
IIXIX	0.06	0.01	(0.27)	(0.12)	0.00	(0.22)	0.11	(0.11)	1.20
WACIX	0.20	0.05	(0.16)	(2.75)	0.00	(0.27)	0.54	(0.32)	1.20
TALTX	0.15	0.04	(0.24)	(0.61)	0.00	(0.22)	0.46	(0.19)	1.01

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