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.

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 Arbitrage Mutual Fund

0.86	ARBNX	The Arbitrage	Pair Corr
0.85	ARBFX	The Arbitrage	Pair Corr
0.8	ARBCX	The Arbitrage	Pair Corr
0.99	ARCFX	Arbitrage Credit	Pair Corr
0.62	ACFIX	Arbitrage Credit	Pair Corr
0.91	AEDNX	Arbitrage Event	Pair Corr
0.9	AEDFX	Arbitrage Event	Pair Corr
0.91	AGEAX	Arbitrage Event	Pair Corr
0.71	BSIKX	Blackrock Strategic	Pair Corr
0.65	BSICX	Blackrock Strategic Opps	Pair Corr
0.68	BASIX	Blackrock Strategic Opps	Pair Corr
0.72	BSIIX	Blackrock Strategic	Pair Corr
0.92	JSORX	Jpmorgan Strategic Income	Pair Corr
0.91	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.89	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.9	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.91	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.62	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.86	BLDCX	Blackrock Low Duration	Pair Corr
0.98	SIGZX	Seix Govt Sec	Pair Corr
0.93	RSFYX	Victory Floating Rate	Pair Corr
0.8	PLMPX	Pimco Emerging Markets	Pair Corr
0.86	VFSUX	Vanguard Short Term	Pair Corr
0.63	VWEHX	Vanguard High Yield	Pair Corr
0.61	CIHYX	Calamos High Income	Pair Corr

Moving against Arbitrage Mutual Fund

0.49	PQTAX	Pimco Trends Managed	Pair Corr
0.48	PQTNX	Pimco Trends Managed	Pair Corr
0.48	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	SEKRX	GAGPX	ARTYX	TEOJX	PLMPX	ZEMIX	REMVX
SEKRX		0.96	0.89	0.93	0.62	0.76	0.88	SEKRX
GAGPX	0.96		0.9	0.98	0.75	0.86	0.91	GAGPX
ARTYX	0.89	0.9		0.89	0.79	0.84	0.91	ARTYX
TEOJX	0.93	0.98	0.89		0.77	0.88	0.92	TEOJX
PLMPX	0.62	0.75	0.79	0.77		0.88	0.77	PLMPX
ZEMIX	0.76	0.86	0.84	0.88	0.88		0.87	ZEMIX
REMVX	0.88	0.91	0.91	0.92	0.77	0.87		REMVX
	SEKRX	GAGPX	ARTYX	TEOJX	PLMPX	ZEMIX	REMVX

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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	(0.73)	1.52	(1.70)	3.71
GAGPX	0.57	0.03	0.06	(0.45)	0.82	(0.55)	1.23	(1.49)	3.42
ARTYX	0.87	0.04	0.05	0.36	1.16	(0.84)	1.92	(1.67)	4.61
TEOJX	0.66	0.05	0.09	(3.48)	0.72	(0.74)	1.35	(1.49)	3.32
PLMPX	0.23	0.03	0.16	0.29	0.11	(0.35)	0.56	(0.42)	1.42
ZEMIX	0.69	0.06	0.07	0.25	0.87	(0.76)	1.61	(1.57)	4.37
REMVX	0.67	0.07	0.09	0.16	0.76	(0.74)	1.47	(1.38)	3.39

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