Eventide Large Correlations

ETLIX Fund

15.74 0.07 0.44%

The current 90-days correlation between Eventide Large Cap and Ivy Natural Resources is 0.21 (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

Poor diversification

The correlation between Eventide Large Cap and DJI is 0.62 (i.e., Poor 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eventide Large Cap. 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 gross domestic product.

Moving together with Eventide Mutual Fund

0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.66	VFFSX	Vanguard 500 Index	Pair Corr
0.82	VINIX	Vanguard Institutional	Pair Corr
0.82	VIIIX	Vanguard Institutional	Pair Corr

Moving against Eventide Mutual Fund

0.4	TRV	The Travelers Companies	Pair Corr
0.32	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.32	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PNRCX	XGNTX	PEO	VENAX	ALEFX	IGNAX
PNRCX		0.97	0.95	0.91	0.84	0.98	PNRCX
XGNTX	0.97		0.91	0.86	0.89	0.98	XGNTX
PEO	0.95	0.91		0.98	0.73	0.94	PEO
VENAX	0.91	0.86	0.98		0.7	0.89	VENAX
ALEFX	0.84	0.89	0.73	0.7		0.84	ALEFX
IGNAX	0.98	0.98	0.94	0.89	0.84		IGNAX
	PNRCX	XGNTX	PEO	VENAX	ALEFX	IGNAX

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
PNRCX	1.01	0.37	0.27	0.52	0.90	(1.17)	2.22	(1.72)	5.40
XGNTX	0.65	0.26	0.30	0.87	0.18	(0.81)	1.58	(1.03)	3.15
PEO	0.82	0.23	0.19	0.61	0.65	(0.92)	2.10	(1.42)	4.76
VENAX	0.93	0.20	0.14	0.64	0.92	(0.99)	2.19	(1.46)	5.09
ALEFX	0.95	0.40	0.41	0.83	0.13	(1.19)	1.41	(1.06)	19.46
IGNAX	0.86	0.28	0.20	1.09	0.84	(0.96)	1.64	(1.80)	4.08

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

2026 Macroaxis LLC