Arrow Managed Correlations

MFTNX Fund

USD 5.69 0.06 1.04%

The current 90-days correlation between Arrow Managed Futures and Nebraska Municipal Fund is -0.06 (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 0.48 (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 board of governors.

Moving together with Arrow Mutual Fund

1.0	MFTFX	Arrow Managed Futures	Pair Corr
1.0	MFTTX	Arrow Managed Futures	Pair Corr
0.82	PQTAX	Pimco Trends Managed	Pair Corr
0.83	PQTNX	Pimco Trends Managed	Pair Corr
0.61	AHLPX	American Beacon Ahl	Pair Corr
0.95	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
0.95	AMFAX	Asg Managed Futures	Pair Corr
0.95	ASFYX	Asg Managed Futures	Pair Corr

Moving against Arrow Mutual Fund

0.46	DWTNX	Arrow Dwa Tactical	Pair Corr
0.46	DWTFX	Arrow Dwa Tactical	Pair Corr
0.45	DWTTX	Arrow Dwa Tactical	Pair Corr
0.65	MCSMX	Matthews China Small	Pair Corr
0.58	FHKCX	Fidelity China Region	Pair Corr
0.5	TWQZX	Transamerica Large Cap	Pair Corr
0.48	FLCNX	Fidelity Contrafund	Pair Corr
0.46	VFINX	Vanguard 500 Index	Pair Corr
0.46	RFEBX	American Funds Funda	Pair Corr
0.45	BPIRX	Boston Partners Longshort	Pair Corr
0.45	FSKAX	Fidelity Total Market	Pair Corr
0.43	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.31	JILGX	Multimanager Lifestyle	Pair Corr
0.57	BDJ	Blackrock Enhanced Equity	Pair Corr
0.52	FCNTX	Fidelity Contrafund	Pair Corr
0.45	VIPAX	Index Plus Largecap	Pair Corr
0.44	USA	Liberty All Star	Pair Corr

Related Correlations Analysis

	NEITX	MSTPX	PRFHX	NBMAX	GABTX
NEITX		0.9	0.85	0.85	-0.37	NEITX
MSTPX	0.9		0.95	0.86	-0.03	MSTPX
PRFHX	0.85	0.95		0.86	0.02	PRFHX
NBMAX	0.85	0.86	0.86		-0.22	NBMAX
GABTX	-0.37	-0.03	0.02	-0.22		GABTX
	NEITX	MSTPX	PRFHX	NBMAX	GABTX

Click cells to compare fundamentals

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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

PRFHX	+ 0.95	MSTPX
MSTPX	+ 0.9	NEITX
NBMAX	+ 0.86	MSTPX
NBMAX	+ 0.86	PRFHX
PRFHX	+ 0.85	NEITX
NBMAX	+ 0.85	NEITX

High negative correlations

GABTX	- 0.37	NEITX
GABTX	- 0.22	NBMAX
GABTX	- 0.03	MSTPX

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
NEITX	0.17	0.01	(0.22)	(0.02)	0.26	(0.28)	0.43	(0.32)	1.62
MSTPX	0.11	0.01	(0.29)	(0.09)	0.14	(0.18)	0.30	(0.30)	1.10
PRFHX	0.15	0.02	(0.24)	(0.10)	0.21	(0.23)	0.44	(0.44)	1.61
NBMAX	0.13	0.00	(0.34)	0.05	0.17	(0.22)	0.32	(0.32)	1.29
GABTX	0.51	0.08	(0.05)	13.25	0.47	(0.58)	1.09	(1.00)	3.00

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