Astor Star Correlations

ASPGX Fund

USD 16.34 0.12 0.74%

The current 90-days correlation between Astor Star Fund and Astor Longshort Fund is 0.88 (i.e., Very poor diversification). The correlation of Astor Star 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.

Astor Star Correlation With Market

Almost no diversification

The correlation between Astor Star Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astor Star 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 Astor Star 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 price.

Moving together with Astor Mutual Fund

1.0	STARX	Astor Star Fund	Pair Corr
0.98	ASTIX	Astor Long/short	Pair Corr
0.98	ASTLX	Astor Longshort	Pair Corr
0.98	ASTZX	Astor Long/short	Pair Corr
1.0	CSPGX	Astor Star Fund	Pair Corr
0.78	SMPIX	Semiconductor Ultrasector	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector	Pair Corr
0.88	RSNRX	Victory Global Natural	Pair Corr
0.88	RSNYX	Victory Global Natural	Pair Corr
0.68	FIKGX	Fidelity Advisor Sem	Pair Corr
0.93	RMQAX	Monthly Rebalance	Pair Corr
0.88	RGNCX	Victory Global Natural	Pair Corr
0.93	RMQHX	Monthly Rebalance	Pair Corr
0.94	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.94	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.69	RIV	Rivernorth Opportunities	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.91	LLPFX	Longleaf Partners	Pair Corr
0.97	LTFOX	Lord Abbett Affiliated	Pair Corr
0.9	FEMDX	Franklin Emerging Market	Pair Corr
0.92	RQECX	Resq Dynamic Allocation	Pair Corr
0.85	GAB	Gabelli Equity Trust	Pair Corr
0.96	FBALX	Fidelity Balanced	Pair Corr
0.9	SCRYX	Small Cap Core	Pair Corr
0.91	WMT	Walmart Aggressive Push	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	HD	Home Depot	Pair Corr

Moving against Astor Mutual Fund

0.55	PAUPX	Pimco All Asset	Pair Corr
0.53	PAUIX	Pimco All Asset	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.4	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ASTIX	ASTZX	FBALX	THMAX	GAB	FFIDX	FPURX	RIV	USPRX
ASTIX		1.0	0.98	0.97	0.85	0.96	0.98	0.7	0.99	ASTIX
ASTZX	1.0		0.98	0.97	0.85	0.96	0.98	0.7	0.99	ASTZX
FBALX	0.98	0.98		0.99	0.83	0.98	1.0	0.73	0.99	FBALX
THMAX	0.97	0.97	0.99		0.83	0.97	0.99	0.79	0.97	THMAX
GAB	0.85	0.85	0.83	0.83		0.74	0.82	0.52	0.82	GAB
FFIDX	0.96	0.96	0.98	0.97	0.74		0.98	0.75	0.98	FFIDX
FPURX	0.98	0.98	1.0	0.99	0.82	0.98		0.74	0.99	FPURX
RIV	0.7	0.7	0.73	0.79	0.52	0.75	0.74		0.71	RIV
USPRX	0.99	0.99	0.99	0.97	0.82	0.98	0.99	0.71		USPRX
	ASTIX	ASTZX	FBALX	THMAX	GAB	FFIDX	FPURX	RIV	USPRX

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Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Star 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 Astor Star'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
ASTIX	0.28	0.01	(0.15)	0.14	0.25	(0.33)	0.65	(0.64)	1.79
ASTZX	0.29	0.00	(0.15)	0.13	0.26	(0.34)	0.63	(0.61)	1.78
FBALX	0.38	(0.01)	(0.12)	0.11	0.44	(0.43)	0.88	(1.02)	2.47
THMAX	0.36	(0.01)	(0.13)	0.10	0.34	(0.43)	0.73	(0.78)	2.29
GAB	0.65	0.02	(0.01)	0.14	0.78	(0.68)	1.49	(1.29)	3.55
FFIDX	0.63	(0.03)	(0.04)	0.09	0.93	(0.60)	1.29	(1.95)	4.38
FPURX	0.41	0.00	(0.08)	0.12	0.44	(0.45)	0.99	(0.94)	2.82
RIV	0.49	0.02	(0.11)	0.21	0.52	(0.56)	1.04	(1.04)	2.80
USPRX	0.55	0.01	(0.01)	0.13	0.65	(0.59)	1.18	(1.32)	3.91

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