The Arbitrage Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Fund
ARBCX Fund  USD 11.90  0.01  0.08%   
The current 90-days correlation between The Arbitrage and The Arbitrage Fund is 0.98 (i.e., Almost no 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

Very weak diversification

The correlation between The Arbitrage Fund and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage Fund 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 Fund. 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 main economic indicators.

Moving together with The Mutual Fund

  0.99ARBNX The ArbitragePairCorr
  0.99ARBFX The ArbitragePairCorr
  0.99ARGAX The ArbitragePairCorr
  0.93AEDNX Arbitrage EventPairCorr
  0.92AEDFX Arbitrage EventPairCorr
  0.93AGEAX Arbitrage EventPairCorr
  0.82MERIX Merger FundPairCorr
  0.79MERFX Merger FundPairCorr
  0.73SMPIX Semiconductor UltrasectorPairCorr
  0.71SMPSX Semiconductor UltrasectorPairCorr
  0.66RSNRX Victory Global NaturalPairCorr
  0.66RSNYX Victory Global NaturalPairCorr
  0.78FIKGX Fidelity Advisor SemPairCorr
  0.67RGNCX Victory Global NaturalPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.65INDEX Sp 500 EqualPairCorr
  0.61VGOSX Voya Large CapPairCorr
  0.64AGTHX Growth FundPairCorr
  0.63VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY