Arrow Dwa Correlations

DWANX Fund

USD 11.88 0.07 0.59%

The current 90-days correlation between Arrow Dwa Balanced and Barings Emerging Markets is -0.02 (i.e., Good diversification). The correlation of Arrow Dwa 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.

Arrow Dwa Correlation With Market

Weak diversification

The correlation between Arrow Dwa Balanced and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Dwa Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Arrow Dwa Balanced. 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 board of governors.

Moving together with Arrow Mutual Fund

1.0	DWAFX	Arrow Dwa Balanced	Pair Corr
1.0	DWATX	Arrow Dwa Balanced	Pair Corr
0.85	DWTNX	Arrow Dwa Tactical	Pair Corr
0.86	DWTFX	Arrow Dwa Tactical	Pair Corr
0.87	DWTTX	Arrow Dwa Tactical	Pair Corr
0.96	PAALX	All Asset Fund	Pair Corr
0.96	PATRX	Pimco All Asset	Pair Corr
0.97	PAAIX	All Asset Fund	Pair Corr
0.96	PALPX	Pimco All Asset	Pair Corr
0.91	PASAX	All Asset Fund	Pair Corr
0.96	PASCX	All Asset Fund	Pair Corr
0.96	PAANX	Pimco All Asset	Pair Corr
0.94	PAUPX	Pimco All Asset	Pair Corr
0.88	PAUIX	Pimco All Asset	Pair Corr
0.85	ABRIX	Invesco Balanced Risk	Pair Corr

Moving against Arrow Mutual Fund

0.78	UIPIX	Ultrashort Mid Cap	Pair Corr
0.48	PYAIX	Payden Absolute Return	Pair Corr
0.48	PYARX	Payden Absolute Return	Pair Corr
0.4	DHEYX	Diamond Hill Short	Pair Corr
0.36	FTCAX	Templeton Strained Bond	Pair Corr

Related Correlations Analysis

	BXECX	DLTZX	FEMDX	KMKCX	USMIX	SEDAX	SRWAX
BXECX		-0.06	0.23	-0.13	0.71	0.93	0.78	BXECX
DLTZX	-0.06		0.69	0.32	-0.2	-0.06	-0.09	DLTZX
FEMDX	0.23	0.69		0.6	0.34	0.27	0.36	FEMDX
KMKCX	-0.13	0.32	0.6		0.34	-0.23	0.24	KMKCX
USMIX	0.71	-0.2	0.34	0.34		0.66	0.93	USMIX
SEDAX	0.93	-0.06	0.27	-0.23	0.66		0.77	SEDAX
SRWAX	0.78	-0.09	0.36	0.24	0.93	0.77		SRWAX
	BXECX	DLTZX	FEMDX	KMKCX	USMIX	SEDAX	SRWAX

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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

SEDAX	+ 0.93	BXECX
SRWAX	+ 0.93	USMIX
SRWAX	+ 0.78	BXECX
SRWAX	+ 0.77	SEDAX
USMIX	+ 0.71	BXECX
FEMDX	+ 0.69	DLTZX

High negative correlations

SEDAX	- 0.23	KMKCX
USMIX	- 0.2	DLTZX
KMKCX	- 0.13	BXECX
SRWAX	- 0.09	DLTZX
SEDAX	- 0.06	DLTZX
DLTZX	- 0.06	BXECX

Risk-Adjusted Indicators

There is a big difference between Arrow Mutual Fund performing well and Arrow Dwa 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 Arrow Dwa'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
BXECX	0.20	(0.04)	0.00	(1.37)	0.00	0.00	0.54	(0.40)	1.46
DLTZX	0.08	0.00	(0.11)	(0.13)	0.00	(0.20)	0.26	(0.13)	0.64
FEMDX	0.17	0.00	(0.06)	0.12	0.14	(0.22)	0.35	(0.35)	1.29
KMKCX	1.78	0.40	0.16	0.54	2.18	(1.91)	3.82	(4.21)	15.50
USMIX	0.96	(0.14)	0.00	(0.15)	0.00	0.00	1.61	(1.48)	15.54
SEDAX	0.26	(0.04)	0.00	(0.50)	0.00	0.00	0.48	(0.59)	2.16
SRWAX	0.38	(0.05)	0.00	(0.21)	0.00	0.00	0.64	(0.70)	4.64

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