Eventide Large Correlations
| ETLCX Fund | 13.59 0.18 1.31% |
The current 90-days correlation between Eventide Large Cap and Western Asset Diversified is 0.22 (i.e., Modest diversification). The correlation of Eventide Large 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.
Eventide Large Correlation With Market
Average diversification
The correlation between Eventide Large Cap and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventide Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Eventide |
Moving together with Eventide Mutual Fund
| 0.81 | ETAMX | Eventide Multi Asset | PairCorr |
| 0.71 | ETADX | Eventide Global Dividend | PairCorr |
| 0.81 | ETCMX | Eventide Multi Asset | PairCorr |
| 0.72 | ETCDX | Eventide Global Dividend | PairCorr |
| 0.71 | ETIDX | Eventide Global Dividend | PairCorr |
| 0.81 | ETIMX | Eventide Multi Asset | PairCorr |
| 1.0 | ETLIX | Eventide Large Cap | PairCorr |
| 0.91 | ETLAX | Eventide Large Cap | PairCorr |
| 0.91 | ETLNX | Eventide Large Cap | PairCorr |
| 0.81 | ETNMX | Eventide Multi Asset | PairCorr |
| 0.71 | ETNDX | Eventide Global Dividend | PairCorr |
Moving against Eventide Mutual Fund
| 0.52 | UIPIX | Ultrashort Mid Cap Steady Growth | PairCorr |
Related Correlations Analysis
| -0.08 | 0.58 | 0.33 | 0.19 | 0.6 | XWDIX | ||
| -0.08 | 0.39 | 0.01 | 0.09 | 0.0 | USMIX | ||
| 0.58 | 0.39 | -0.16 | 0.13 | 0.72 | AMTOX | ||
| 0.33 | 0.01 | -0.16 | -0.1 | -0.17 | LOTCX | ||
| 0.19 | 0.09 | 0.13 | -0.1 | 0.39 | EMCIX | ||
| 0.6 | 0.0 | 0.72 | -0.17 | 0.39 | SMQFX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eventide Mutual Fund performing well and Eventide Large 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 Eventide Large'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XWDIX | 0.18 | (0.06) | 0.00 | (2.24) | 0.00 | 0.32 | 1.29 | |||
| USMIX | 0.96 | (0.20) | 0.00 | (0.12) | 0.00 | 1.65 | 15.50 | |||
| AMTOX | 0.49 | (0.11) | 0.00 | (0.32) | 0.00 | 0.98 | 3.45 | |||
| LOTCX | 0.61 | (0.05) | 0.00 | (0.08) | 0.00 | 1.01 | 3.31 | |||
| EMCIX | 0.17 | 0.00 | (0.10) | 0.07 | 0.14 | 0.52 | 1.22 | |||
| SMQFX | 0.58 | (0.07) | 0.00 | (0.15) | 0.00 | 1.10 | 5.63 |