Arbitrage Credit Correlations
AGCAX Fund | USD 9.80 0.01 0.10% |
The current 90-days correlation between Arbitrage Credit and Dws Emerging Markets is 0.1 (i.e., Average diversification). The correlation of Arbitrage Credit 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.
Arbitrage Credit Correlation With Market
Significant diversification
The correlation between The Arbitrage Credit and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage Credit and DJI in the same portfolio, assuming nothing else is changed.
Arbitrage |
Moving together with Arbitrage Mutual Fund
0.86 | ARBNX | The Arbitrage | PairCorr |
0.85 | ARBFX | The Arbitrage | PairCorr |
0.8 | ARBCX | The Arbitrage | PairCorr |
0.99 | ARCFX | Arbitrage Credit | PairCorr |
0.62 | ACFIX | Arbitrage Credit | PairCorr |
0.91 | AEDNX | Arbitrage Event | PairCorr |
0.9 | AEDFX | Arbitrage Event | PairCorr |
0.91 | AGEAX | Arbitrage Event | PairCorr |
0.71 | BSIKX | Blackrock Strategic | PairCorr |
0.65 | BSICX | Blackrock Strategic Opps | PairCorr |
0.68 | BASIX | Blackrock Strategic Opps | PairCorr |
0.72 | BSIIX | Blackrock Strategic | PairCorr |
0.92 | JSORX | Jpmorgan Strategic Income | PairCorr |
0.91 | JSOZX | Jpmorgan Strategic Income | PairCorr |
0.89 | JSOCX | Jpmorgan Strategic Income | PairCorr |
0.9 | JSOSX | Jpmorgan Strategic Income | PairCorr |
0.91 | JSOAX | Jpmorgan Strategic Income | PairCorr |
0.62 | PMZCX | Pimco Mortgage Oppor | PairCorr |
0.86 | BLDCX | Blackrock Low Duration | PairCorr |
0.98 | SIGZX | Seix Govt Sec | PairCorr |
0.93 | RSFYX | Victory Floating Rate | PairCorr |
0.8 | PLMPX | Pimco Emerging Markets | PairCorr |
0.86 | VFSUX | Vanguard Short Term | PairCorr |
0.63 | VWEHX | Vanguard High Yield | PairCorr |
0.61 | CIHYX | Calamos High Income | PairCorr |
Moving against Arbitrage Mutual Fund
0.49 | PQTAX | Pimco Trends Managed | PairCorr |
0.48 | PQTNX | Pimco Trends Managed | PairCorr |
0.48 | PQTIX | Aa Pimco Tr | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Arbitrage Mutual Fund performing well and Arbitrage Credit 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 Arbitrage Credit'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SEKRX | 0.68 | 0.02 | 0.05 | (0.34) | 0.87 | 1.52 | 3.71 | |||
GAGPX | 0.57 | 0.03 | 0.06 | (0.45) | 0.82 | 1.23 | 3.42 | |||
ARTYX | 0.87 | 0.04 | 0.05 | 0.36 | 1.16 | 1.92 | 4.61 | |||
TEOJX | 0.66 | 0.05 | 0.09 | (3.48) | 0.72 | 1.35 | 3.32 | |||
PLMPX | 0.23 | 0.03 | 0.16 | 0.29 | 0.11 | 0.56 | 1.42 | |||
ZEMIX | 0.69 | 0.06 | 0.07 | 0.25 | 0.87 | 1.61 | 4.37 | |||
REMVX | 0.67 | 0.07 | 0.09 | 0.16 | 0.76 | 1.47 | 3.39 |