The Arbitrage Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Credit
AGCAX Fund  USD 9.75  0.01  0.10%   
The current 90-days correlation between Arbitrage Credit and The Arbitrage Fund is -0.1 (i.e., Good diversification). The correlation of The Arbitrage 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.

The Arbitrage Correlation With Market

Good diversification

The correlation between The Arbitrage Credit and DJI is -0.18 (i.e., Good 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Arbitrage Credit. 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 The Mutual Fund

  0.99ARCFX Arbitrage CreditPairCorr
  0.98ACFIX Arbitrage CreditPairCorr
  0.9JSORX Jpmorgan Strategic IncomePairCorr
  0.9JSOZX Jpmorgan Strategic IncomePairCorr
  0.9JSOCX Jpmorgan Strategic IncomePairCorr
  0.91JSOSX Jpmorgan Strategic IncomePairCorr
  0.91JSOAX Jpmorgan Strategic IncomePairCorr
  0.77KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.79KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.8LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.79KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.79KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.8LETRX Voya Russia FundPairCorr
  0.81LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.62SMPSX Semiconductor UltrasectorPairCorr
  0.79WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.77KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.74DPG Duff And PhelpsPairCorr
  0.81AGTHX Growth FundPairCorr
  0.79VTSAX Vanguard Total StockPairCorr
  0.84RQECX Resq Dynamic AllocationPairCorr
  0.74VIGAX Vanguard Growth IndexPairCorr
  0.76THMAX Thrivent ModeratePairCorr
  0.69VWEHX Vanguard High YieldPairCorr
  0.82LLPFX Longleaf PartnersPairCorr
  0.78FXAIX Fidelity 500 IndexPairCorr
  0.74VWENX Vanguard WellingtonPairCorr

Moving against The Mutual Fund

  0.48PMZCX Pimco Mortgage OpporPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Arbitrage 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 The Arbitrage'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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