Astor Long/short Correlations

Mutual Funds . USA . 
Fund . Astor Longshort Fund
ASTZX Fund  USD 11.90  0.05  0.42%   
The current 90-days correlation between Astor Long/short and Tax Managed Large Cap is 0.45 (i.e., Very weak diversification). The correlation of Astor Long/short 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 Long/short Correlation With Market

Significant diversification

The correlation between Astor Longshort Fund 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 Astor Longshort 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 Longshort 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 nation.

Moving together with ASTOR Mutual Fund

  0.81STARX Astor Star FundPairCorr
  0.82ASPGX Astor Star FundPairCorr
  1.0ASTIX Astor Long/shortPairCorr
  1.0ASTLX Astor Long/shortPairCorr
  0.87CSPGX Astor Star FundPairCorr
  0.78PAALX All Asset FundPairCorr
  0.79PATRX Pimco All AssetPairCorr
  0.76PAAIX All Asset FundPairCorr
  0.76PALPX Pimco All AssetPairCorr
  0.79PASAX All Asset FundPairCorr
  0.8PASCX All Asset FundPairCorr
  0.77PAANX Pimco All AssetPairCorr
  0.81PAUPX Pimco All AssetPairCorr
  0.81PAUIX Pimco All AssetPairCorr
  0.74ABRIX Invesco Balanced RiskPairCorr
  0.72GPBFX Gmo E PlusPairCorr
  0.82HCKIX Hartford ChecksPairCorr
  0.67MDPSX Mid Cap ProfundPairCorr
  0.76NCLEX Nicholas EditionPairCorr

Moving against ASTOR Mutual Fund

  0.53PQTAX Pimco Trends ManagedPairCorr
  0.53GGNPX Goldman Sachs HighPairCorr
  0.52PQTNX Pimco Trends ManagedPairCorr
  0.52PQTIX Aa Pimco TrPairCorr
  0.46GPMFX Guidepath Managed FuturesPairCorr
  0.36GSSRX Goldman Sachs ShortPairCorr
  0.75DLDFX Destinations Low DurationPairCorr
  0.62CPRTX Clarion Partners RealPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FXYBJX
+ 0.76
FLKYPX
FLKYPX
+ 0.74
WMCANX
FXYBJX
+ 0.69
WMCANX
FUHKBX
+ 0.65
WMCANX
FLKYPX
+ 0.6
FUHKBX
MFTFX
+ 0.41
RETSX
  
High negative correlations   
FXYBJX
- 0.41
MFTFX
MFTFX
- 0.4
WMCANX
MFTFX
- 0.35
FUHKBX
MFTFX
- 0.03
FLKYPX

Risk-Adjusted Indicators

There is a big difference between ASTOR Mutual Fund performing well and Astor Long/short 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 Long/short'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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