Arrow Dwa Correlations

DWTTX Fund

USD 8.67 0.02 0.23%

The current 90-days correlation between Arrow Dwa Tactical and All Asset Fund is 0.4 (i.e., Very weak 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

Poor diversification

The correlation between Arrow Dwa Tactical and DJI is 0.79 (i.e., Poor 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 signals in estimate.

Moving together with Arrow Mutual Fund

1.0	DWTNX	Arrow Dwa Tactical	Pair Corr
1.0	DWTFX	Arrow Dwa Tactical	Pair Corr
0.89	ASG	Liberty All Star	Pair Corr
0.95	CII	Blackrock Enhanced	Pair Corr
0.95	ETV	Eaton Vance Tax	Pair Corr
0.84	CLM	Cornerstone Strategic	Pair Corr
0.87	CRF	Cornerstone Strategic	Pair Corr
0.95	USA	Liberty All Star	Pair Corr
0.96	ETY	Eaton Vance Tax	Pair Corr
0.75	NFJ	Virtus Dividend Interest	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.95	BPIRX	Boston Partners Longshort	Pair Corr
0.61	AMTOX	Ab All Market	Pair Corr
0.95	FPURX	Fidelity Puritan	Pair Corr
0.84	OHYFX	Jpmorgan High Yield	Pair Corr
0.83	PFRIX	Prudential Floating Rate	Pair Corr
0.93	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.71	PARAX	T Rowe Price	Pair Corr
0.98	MIEYX	Mm Sp 500	Pair Corr

Moving against Arrow Mutual Fund

0.54	PAUPX	Pimco All Asset	Pair Corr
0.52	PAUIX	Pimco All Asset	Pair Corr
0.48	MFTTX	Arrow Managed Futures	Pair Corr
0.47	MFTFX	Arrow Managed Futures	Pair Corr
0.47	MFTNX	Arrow Managed Futures	Pair Corr

Related Correlations Analysis

	PAALX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
PAALX		0.28	0.0	-0.22	0.35	0.27	0.59	0.34	-0.44	-0.03	PAALX
444859BR2	0.28		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.22	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.35	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.27	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.59	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	0.34	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	-0.44	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	-0.03	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	PAALX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.75	MSTSX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.59	PAALX
ABHYX	+ 0.51	LBHIX
SCAXF	+ 0.41	444859BR2

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
MSTSX	- 0.45	BRRAY
VIASP	- 0.44	PAALX

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
PAALX	0.26	(0.03)	(0.37)	(0.03)	0.29	(0.33)	0.54	(0.44)	1.78
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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