Vivaldi Merger Correlations

Mutual Funds . USA . 
Fund . Vivaldi Merger Arbitrage
VARAX Fund  USD 10.90  0.01  0.09%   
The current 90-days correlation between Vivaldi Merger Arbitrage and Fidelity Advisor Financial is -0.08 (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

Average diversification

The correlation between Vivaldi Merger Arbitrage and DJI is 0.12 (i.e., Average 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

  0.99VARBX Vivaldi Merger ArbitragePairCorr
  0.99VARCX First Trust MergerPairCorr
  0.67ARBCX The ArbitragePairCorr
  0.73ARBNX The ArbitragePairCorr
  0.85KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.85WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.77KSCYX Kinetics Small CapPairCorr
  0.86LSHCX Horizon Spin OffPairCorr
  0.86LSHAX Horizon Spin OffPairCorr
  0.86LSHUX Horizon Spin OffPairCorr
  0.86KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.77KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.61AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.71AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.67T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.65BAC Bank of America Aggressive PushPairCorr
  0.61CSCO Cisco Systems Earnings Call TodayPairCorr

Moving against Vivaldi Mutual Fund

  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.48JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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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.

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