sotnklag 1dρ -0.21holdout -0.27stable 88%$/day $282krobust
MNA NYLIM Merger Arbitrage ETF
- Last close
- 36.75
- 504-day return
- +11.94%
- Median $/day
- $732k
- Relationships shown
- 13
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
MNA vs ABEQ, shifted 1d
Both indexed to 100 at 2026-05-11. ABEQ is drawn 1 trading day later than it happened, so if it leads, the lines move together.
Leads MNA
MNA tends to repeat these symbols' moves some days later. The highlighted bar is the lag.
lag 1dρ -0.21holdout -0.25stable 88%$/day $205krobust
lag 1dρ -0.20holdout -0.25stable 88%$/day $10.4Mrobust
lag 1dρ -0.23holdout -0.34stable 75%$/day $49.5Mrobust
lag 1dρ -0.20holdout -0.20stable 75%$/day $417krobust
Moves with MNA
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.36beyond mkt +0.26holdout +0.51stable 100%robust
ρ +0.35beyond mkt +0.20holdout +0.28stable 88%robust
ρ +0.35beyond mkt +0.13holdout +0.25stable 75%robust
ρ +0.39beyond mkt +0.10holdout +0.28stable 88%robust
ρ +0.30beyond mkt +0.08holdout +0.14stable 75%moderate
ρ +0.36beyond mkt +0.08holdout +0.22stable 75%robust
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.40recent -0.06prior +0.34beyond mkt +0.08
Δ -0.38recent -0.06prior +0.32beyond mkt +0.09
Δ -0.38recent +0.01prior +0.39beyond mkt +0.05
Δ -0.36recent +0.03prior +0.39beyond mkt +0.06
Δ +0.36recent +0.41prior +0.05beyond mkt -0.02
Δ -0.36recent -0.05prior +0.30beyond mkt -0.01