Enterprise Mergers Correlations
EMAYX Fund | USD 18.01 0.14 0.78% |
The current 90-days correlation between Enterprise Mergers And and L Abbett Growth is 0.43 (i.e., Very weak diversification). The correlation of Enterprise Mergers 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.
Enterprise Mergers Correlation With Market
Poor diversification
The correlation between Enterprise Mergers And and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enterprise Mergers And and DJI in the same portfolio, assuming nothing else is changed.
Enterprise |
Moving together with Enterprise Mutual Fund
0.97 | GCFSX | Gabelli Global Financial | PairCorr |
0.97 | GCIEX | Gabelli Equity | PairCorr |
0.62 | GCIGX | Gamco International | PairCorr |
1.0 | EMACX | Enterprise Mergers And | PairCorr |
0.99 | EMAAX | Enterprise Mergers And | PairCorr |
0.97 | GVCAX | Gabelli Value | PairCorr |
0.78 | GWSVX | Gabelli Focus | PairCorr |
0.97 | GGMMX | Gabelli Global Mini | PairCorr |
0.97 | GICPX | Gamco Global Growth | PairCorr |
0.69 | GIIGX | Gamco International | PairCorr |
0.68 | GIGRX | Gamco International | PairCorr |
1.0 | EAAAX | Enterprise Mergers And | PairCorr |
0.88 | GLOIX | Gamco Global Opportunity | PairCorr |
0.98 | DRCVX | Comstock Capital Value | PairCorr |
0.97 | GMNCX | Gabelli Global Mini | PairCorr |
0.99 | COMVX | Comstock Capital Value | PairCorr |
0.88 | GOCAX | Gamco Global Opportunity | PairCorr |
0.99 | CPCRX | Comstock Capital Value | PairCorr |
0.83 | CPCCX | Comstock Capital Value | PairCorr |
0.93 | GACCX | Gamco Global | PairCorr |
0.94 | GABAX | Gabelli Asset | PairCorr |
0.99 | GABBX | Gabelli Dividend | PairCorr |
0.99 | GABCX | Gabelli Abc | PairCorr |
0.96 | GABEX | Gabelli Equity | PairCorr |
0.97 | GABGX | Gabelli Growth | PairCorr |
0.97 | GABIX | Gabelli Asset | PairCorr |
0.88 | GABOX | Gamco Global Opportunity | PairCorr |
0.97 | GABSX | Gabelli Small | PairCorr |
0.97 | GABTX | Gamco Global Telecom | PairCorr |
0.86 | GABUX | Gabelli Utilities | PairCorr |
0.98 | GADVX | Gabelli Abc | PairCorr |
0.94 | GATCX | Gabelli Asset | PairCorr |
0.94 | GCAEX | Gabelli Equity | PairCorr |
0.96 | GCCSX | Gabelli Small | PairCorr |
0.95 | GCASX | Gabelli Small | PairCorr |
0.95 | BCLPX | Blckrk Lc Cr | PairCorr |
0.96 | BALPX | Blckrk Lc Cr | PairCorr |
0.82 | BILPX | Blkrk Lc Cr | PairCorr |
Moving against Enterprise Mutual Fund
0.93 | USPSX | Profunds Ultrashort Potential Growth | PairCorr |
0.93 | USPIX | Profunds Ultrashort Potential Growth | PairCorr |
0.76 | TCSUX | Cleartrack 2020 Class | PairCorr |
0.75 | TCTGX | Transamerica Cleartrack | PairCorr |
0.75 | TCTJX | Transamerica Cleartrack | PairCorr |
0.74 | TDKTX | Cleartrack 2015 Class | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Enterprise Mutual Fund performing well and Enterprise Mergers 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 Enterprise Mergers' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LGLSX | 0.95 | 0.21 | 0.18 | 0.42 | 0.58 | 2.88 | 6.12 | |||
PLAAX | 0.63 | 0.29 | 0.06 | (1.43) | 0.36 | 1.94 | 4.32 | |||
GETFX | 0.45 | 0.08 | 0.01 | 0.32 | 0.19 | 1.50 | 3.26 | |||
AUERX | 0.62 | 0.15 | 0.06 | 0.53 | 0.30 | 1.48 | 3.03 | |||
CHASX | 0.69 | 0.36 | 0.13 | (1.56) | 0.23 | 2.04 | 4.14 | |||
RRGSX | 0.77 | 0.15 | 0.16 | 0.36 | 0.40 | 2.40 | 5.41 | |||
VMGAX | 0.79 | 0.41 | 0.17 | (1.81) | 0.43 | 2.59 | 5.76 | |||
SCGCX | 0.45 | 0.06 | (0.01) | 0.30 | 0.15 | 1.43 | 3.48 |