Vivaldi Merger Correlations

VARBX Fund

USD 11.15 0.01 0.09%

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

Modest diversification

The correlation between Vivaldi Merger Arbitrage and DJI is 0.22 (i.e., Modest 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 bureau of labor statistics.

Moving together with Vivaldi Mutual Fund

0.88	CWAIX	First Trust Managed	Pair Corr
0.94	FTMAX	Franklin Templeton	Pair Corr
0.93	FTMCX	First Trust Multi	Pair Corr
0.66	FDHIX	First Trust Short	Pair Corr
0.64	FDHAX	First Trust Short	Pair Corr
1.0	VARCX	First Trust Merger	Pair Corr
1.0	VARAX	Vivaldi Merger Arbitrage	Pair Corr
0.9	FPEIX	First Trust Preferred	Pair Corr
0.9	FPEFX	First Trust Preferred	Pair Corr
0.89	FPECX	First Trust Preferred	Pair Corr
0.9	FPEAX	First Trust Preferred	Pair Corr
0.67	BALPX	Blckrk Lc Cr	Pair Corr
0.71	BILPX	Blkrk Lc Cr	Pair Corr
0.98	MERIX	Merger Fund	Pair Corr
0.98	MERFX	Merger Fund	Pair Corr
0.78	ARBCX	The Arbitrage	Pair Corr
0.83	ARBNX	The Arbitrage	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr
0.88	SMPIX	Semiconductor Ultrasector	Pair Corr
0.92	FELIX	Fidelity Advisor Sem	Pair Corr
0.8	ONERX	One Rock Fund	Pair Corr
0.88	RYVYX	Nasdaq 100 2x	Pair Corr
0.88	RYVLX	Nasdaq 100 2x	Pair Corr
0.92	FSELX	Fidelity Select Semi	Pair Corr
0.87	FXAIX	Fidelity 500 Index	Pair Corr
0.8	ACBPX	Diversified Bond	Pair Corr
0.86	PDFGX	Prudential Day One	Pair Corr
0.8	GIIRX	Nationwide International	Pair Corr
0.88	EQIRX	Wells Fargo Emerging	Pair Corr
0.87	JCASX	Janus Global Allocation	Pair Corr
0.81	PRTPX	Pimco Real Return	Pair Corr

Moving against Vivaldi Mutual Fund

0.8	FOVCX	First Trustconfluence	Pair Corr
0.79	FOVIX	First Trust/confluence	Pair Corr
0.79	FOVAX	First Trust/confluence	Pair Corr
0.68	CEE	Central Europe Russia	Pair Corr
0.47	TREMX	T Rowe Price	Pair Corr
0.46	TTEEX	T Rowe Price	Pair Corr

Related Correlations Analysis

	XVAMX	VAM	OMOAX	OMOIX	VARBX	VARAX	MNDVUX	NWWAX	SMGASX
XVAMX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	XVAMX
VAM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VAM
OMOAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OMOAX
OMOIX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OMOIX
VARBX	0.0	0.0	0.0	0.0		1.0	0.89	0.0	0.0	VARBX
VARAX	0.0	0.0	0.0	0.0	1.0		0.89	0.0	0.0	VARAX
MNDVUX	0.0	0.0	0.0	0.0	0.89	0.89		0.0	0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMGASX
	XVAMX	VAM	OMOAX	OMOIX	VARBX	VARAX	MNDVUX	NWWAX	SMGASX

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

VARAX	+ 1.0	VARBX
MNDVUX	+ 0.89	VARBX
MNDVUX	+ 0.89	VARAX
VAM	+ 0.0	XVAMX
OMOAX	+ 0.0	XVAMX
OMOIX	+ 0.0	XVAMX

High negative correlations

SMGASX	- 0.0	NWWAX
SMGASX	- 0.0	MNDVUX
NWWAX	- 0.0	MNDVUX
SMGASX	- 0.0	VARAX
NWWAX	- 0.0	VARAX
SMGASX	- 0.0	VARBX

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
XVAMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OMOAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OMOIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VARBX	0.05	0.02	0.00	0.78	0.00	0.00	0.09	(0.09)	0.27
VARAX	0.06	0.01	(0.78)	0.87	0.00	(0.12)	0.18	(0.09)	0.28
MNDVUX	0.53	0.10	0.01	7.15	0.47	(0.67)	1.38	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC