Arrow Managed Correlations

MFTFX Fund

USD 5.57 0.13 2.28%

The current 90-days correlation between Arrow Managed Futures and Leggmason Partners Institutional is -0.05 (i.e., Good diversification). The correlation of Arrow Managed 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 Managed Correlation With Market

Very weak diversification

The correlation between Arrow Managed Futures and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Arrow Managed Futures. 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 census.

Moving together with Arrow Mutual Fund

1.0	MFTNX	Arrow Managed Futures	Pair Corr
1.0	MFTTX	Arrow Managed Futures	Pair Corr
0.83	PQTAX	Pimco Trends Managed	Pair Corr
0.83	PQTNX	Pimco Trends Managed	Pair Corr
0.64	AHLPX	American Beacon Ahl	Pair Corr
0.94	AMFNX	Asg Managed Futures	Pair Corr
0.93	ABYCX	Abbey Capital Futures	Pair Corr
0.92	ABYAX	Abbey Capital Futures	Pair Corr
0.92	ABYIX	Abbey Capital Futures	Pair Corr
0.94	AMFAX	Asg Managed Futures	Pair Corr
0.94	ASFYX	Asg Managed Futures	Pair Corr

Moving against Arrow Mutual Fund

0.74	LETRX	Voya Russia Fund	Pair Corr
0.52	DWTNX	Arrow Dwa Tactical	Pair Corr
0.52	DWTFX	Arrow Dwa Tactical	Pair Corr
0.51	DWTTX	Arrow Dwa Tactical	Pair Corr
0.78	WAEXX	Western Asset Premier	Pair Corr
0.66	RQECX	Resq Dynamic Allocation	Pair Corr
0.63	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.6	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.6	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.59	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.59	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.59	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.59	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.57	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.57	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.53	SMPSX	Semiconductor Ultrasector	Pair Corr
0.53	AGTHX	Growth Fund	Pair Corr
0.48	FFIDX	Fidelity Fund Fidelity	Pair Corr
0.39	VWELX	Vanguard Wellington	Pair Corr
0.37	VBIAX	Vanguard Balanced Index	Pair Corr
0.35	SCRYX	Small Cap Core	Pair Corr

Related Correlations Analysis

	LTFXX	ADOIX	LMUSX	FALCX	OPTCX
LTFXX		0.21	0.27	0.0	0.39	LTFXX
ADOIX	0.21		0.97	0.0	0.92	ADOIX
LMUSX	0.27	0.97		0.0	0.97	LMUSX
FALCX	0.0	0.0	0.0		0.0	FALCX
OPTCX	0.39	0.92	0.97	0.0		OPTCX
	LTFXX	ADOIX	LMUSX	FALCX	OPTCX

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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

LMUSX	+ 0.97	ADOIX
OPTCX	+ 0.97	LMUSX
OPTCX	+ 0.92	ADOIX
OPTCX	+ 0.39	LTFXX
LMUSX	+ 0.27	LTFXX
ADOIX	+ 0.21	LTFXX

High negative correlations

OPTCX	- 0.0	FALCX
FALCX	- 0.0	LMUSX
FALCX	- 0.0	ADOIX
FALCX	- 0.0	LTFXX

Risk-Adjusted Indicators

There is a big difference between Arrow Mutual Fund performing well and Arrow Managed 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 Managed'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
LTFXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01
ADOIX	0.44	(0.01)	(0.09)	0.10	0.61	(0.46)	1.16	(1.22)	3.31
LMUSX	0.62	0.03	0.02	0.15	0.72	(0.71)	1.52	(1.49)	4.15
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPTCX	0.16	0.02	(0.40)	0.22	0.00	(0.24)	0.41	(0.21)	1.07

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