Eventide Exponential Correlations

ETNEX Fund

USD 13.33 -0.04 -0.30%

Current 90-days correlation between Eventide Exponential and Redwood Managed Volatility is 0.56 (i.e., Very weak diversification).Correlation analysis for Eventide Exponential quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.

Market Linkage for Eventide Exponential

Weak diversification

ETNEX currently posts a 0.31 correlation with DJI, indicating a Weak diversification relationship for the active sample. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Investing Opportunities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation includes a position in Eventide Exponential Technologies in the portfolio view. 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 unemployment.

Moving together with Eventide Mutual Fund

0.65	ETAHX	Eventide Healthcare Life	Pair Corr
1.0	ETAEX	Eventide Exponential	Pair Corr
0.77	ETCHX	Eventide Healthcare Life	Pair Corr
1.0	ETCEX	Eventide Exponential	Pair Corr
0.76	ETIHX	Eventide Healthcare Life	Pair Corr
0.65	ETLIX	Eventide Large Cap	Pair Corr
0.66	ETLAX	Eventide Large Cap	Pair Corr
0.76	ETNHX	Eventide Healthcare Life	Pair Corr
0.89	VITAX	Vanguard Information	Pair Corr

Moving against Eventide Mutual Fund

0.57	ETAMX	Eventide Multi Asset	Pair Corr
0.54	ETADX	Eventide Global Dividend	Pair Corr
0.53	ETIBX	Eventide Limited Term	Pair Corr
0.52	ETABX	Eventide Limited Term	Pair Corr
0.52	ETIMX	Eventide Multi Asset	Pair Corr
0.5	ETCMX	Eventide Multi Asset	Pair Corr
0.48	ETCDX	Eventide Global Dividend	Pair Corr
0.43	ETCBX	Eventide Limitedterm Bond	Pair Corr
0.37	ETIRX	Eventide Core Bond	Pair Corr
0.32	ETCRX	Eventide Core Bond	Pair Corr
0.81	PWLIX	PIMCO Rae Worldwide	Pair Corr
0.78	WARCX	Wells Fargo Advantage	Pair Corr
0.71	GAAGX	Gmo Alternative	Pair Corr
0.69	GAAKX	Gmo Alternative	Pair Corr
0.66	GPMFX	Guidepath Managed Futures	Pair Corr
0.66	DLEUX	Doubleline Shiller	Pair Corr
0.58	PQTAX	PIMCO Trends Managed	Pair Corr
0.57	ATTYX	Ab Tax Aware	Pair Corr
0.54	SLMCX	Columbia Seligman	Pair Corr
0.54	PQTNX	PIMCO Trends Managed	Pair Corr
0.54	PQTIX	Aa Pimco Tr	Pair Corr
0.54	VEVRX	Victory Sycamore	Pair Corr
0.49	ETNDX	Eventide Global Dividend	Pair Corr
0.44	CCIFX	Columbia Seligman	Pair Corr
0.43	SCICX	Columbia Seligman	Pair Corr
0.41	FSELX	Fidelity Select	Pair Corr
0.36	KAGAX	Kensington Dynamic Growth	Pair Corr

Related Correlations Analysis

	RYTIX	JSVTX	JVSIX	RYOIX	SISAX	NSDVX	FMGIX	BTTRX	FCIVX	RWDIX
RYTIX		-0.18	-0.18	0.22	0.06	-0.56	-0.37	-0.57	-0.37	0.06	RYTIX
JSVTX	-0.18		1.0	0.75	0.73	0.81	0.51	0.65	0.51	0.89	JSVTX
JVSIX	-0.18	1.0		0.75	0.73	0.81	0.51	0.65	0.51	0.89	JVSIX
RYOIX	0.22	0.75	0.75		0.69	0.5	0.35	0.38	0.35	0.82	RYOIX
SISAX	0.06	0.73	0.73	0.69		0.55	0.73	0.62	0.73	0.85	SISAX
NSDVX	-0.56	0.81	0.81	0.5	0.55		0.64	0.91	0.64	0.66	NSDVX
FMGIX	-0.37	0.51	0.51	0.35	0.73	0.64		0.78	1.0	0.56	FMGIX
BTTRX	-0.57	0.65	0.65	0.38	0.62	0.91	0.78		0.78	0.59	BTTRX
FCIVX	-0.37	0.51	0.51	0.35	0.73	0.64	1.0	0.78		0.56	FCIVX
RWDIX	0.06	0.89	0.89	0.82	0.85	0.66	0.56	0.59	0.56		RWDIX
	RYTIX	JSVTX	JVSIX	RYOIX	SISAX	NSDVX	FMGIX	BTTRX	FCIVX	RWDIX

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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

JVSIX	+ 1.0	JSVTX
FCIVX	+ 1.0	FMGIX
BTTRX	+ 0.91	NSDVX
RWDIX	+ 0.89	JSVTX
RWDIX	+ 0.89	JVSIX
RWDIX	+ 0.85	SISAX

High negative correlations

BTTRX	- 0.57	RYTIX
NSDVX	- 0.56	RYTIX
FCIVX	- 0.37	RYTIX
FMGIX	- 0.37	RYTIX
JVSIX	- 0.18	RYTIX
JSVTX	- 0.18	RYTIX

Risk-Adjusted Indicators

Eventide Exponential Mutual Fund may look attractive on headline returns alone, but deeper analysis often tells a different story. A thorough review of Eventide Exponential's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
RYTIX	1.15	0.01	0.00	-0.08	0.00	0.00	1.97	-2.46	6.60
JSVTX	0.77	0.07	0.00	-0.03	0.00	0.00	1.59	-1.89	5.71
JVSIX	0.78	0.07	0.00	-0.02	0.00	0.00	1.57	-1.93	5.64
RYOIX	0.92	0.03	0.00	-0.05	0.00	0.00	2.31	-2.09	5.34
SISAX	0.65	0.17	0.25	0.13	0.58	-0.78	0.81	-1.22	10.86
NSDVX	0.62	0.10	0.16	0.07	0.72	-0.64	1.42	-1.37	4.13
FMGIX	1.30	0.72	1.13	-1.82	0.00	-1.52	1.27	-0.91	42.73
BTTRX	0.01	0.00	0.00	-0.10	0.00	0.00	0.03	0.00	0.05
FCIVX	1.31	0.72	1.16	-1.84	0.00	-1.51	1.34	-0.91	42.77
RWDIX	0.08	0.00	0.42	-0.10	0.11	-0.12	0.18	-0.18	0.62

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