Arrow Dwa Correlations

DWTFX Fund

USD 9.93 0.11 1.12%

The current 90-days correlation between Arrow Dwa Tactical and Baird Quality Intermediate is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Arrow Dwa Tactical and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Dwa Tactical 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 Tactical. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Arrow Mutual Fund

0.82	PAALX	All Asset Fund	Pair Corr
0.82	PATRX	Pimco All Asset	Pair Corr
0.83	PAAIX	All Asset Fund	Pair Corr
0.82	PALPX	Pimco All Asset	Pair Corr
0.82	PASAX	All Asset Fund	Pair Corr
0.81	PASCX	All Asset Fund	Pair Corr
0.82	PAANX	Pimco All Asset	Pair Corr
0.76	PAUPX	Pimco All Asset	Pair Corr
0.76	PAUIX	Pimco All Asset	Pair Corr
0.82	ABRIX	Invesco Balanced Risk	Pair Corr
0.71	CAT	Caterpillar Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BMBSX	MBSAX	ARTFX	TTRBX	MDMTX	TSDCX	SWSFX	DHGCX
BMBSX		0.8	0.47	0.84	0.98	0.18	0.04	0.9	BMBSX
MBSAX	0.8		0.75	0.72	0.8	0.47	0.35	0.82	MBSAX
ARTFX	0.47	0.75		0.55	0.46	0.85	0.68	0.48	ARTFX
TTRBX	0.84	0.72	0.55		0.84	0.34	0.21	0.88	TTRBX
MDMTX	0.98	0.8	0.46	0.84		0.17	0.03	0.89	MDMTX
TSDCX	0.18	0.47	0.85	0.34	0.17		0.89	0.24	TSDCX
SWSFX	0.04	0.35	0.68	0.21	0.03	0.89		0.21	SWSFX
DHGCX	0.9	0.82	0.48	0.88	0.89	0.24	0.21		DHGCX
	BMBSX	MBSAX	ARTFX	TTRBX	MDMTX	TSDCX	SWSFX	DHGCX

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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
BMBSX	0.12	0.00	(0.29)	(0.01)	0.17	(0.15)	0.27	(0.27)	1.06
MBSAX	0.20	0.01	(0.25)	1.06	0.21	(0.22)	0.52	(0.37)	1.55
ARTFX	0.11	0.02	(0.31)	(11.49)	0.00	(0.18)	0.44	(0.22)	1.10
TTRBX	0.15	(0.01)	(0.48)	(0.11)	0.14	(0.20)	0.41	(0.30)	1.01
MDMTX	0.19	0.00	(0.20)	0.06	0.25	(0.26)	0.48	(0.56)	1.72
TSDCX	0.05	0.01	0.00	1.77	0.00	0.00	0.11	(0.11)	0.66
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
DHGCX	0.15	(0.01)	(0.50)	(0.06)	0.14	(0.21)	0.36	(0.26)	0.94

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Arrow Dwa Correlations

Arrow Dwa Correlation With Market

Very weak diversification

Moving together with Arrow Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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