Arrow Managed Correlations

MFTTX Fund

USD 5.20 0.05 0.97%

The current 90-days correlation between Arrow Managed Futures and Short Term Bond Fund is 0.03 (i.e., Significant 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

Good diversification

The correlation between Arrow Managed Futures and DJI is -0.06 (i.e., Good 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 estimate.

Moving together with Arrow Mutual Fund

1.0	MFTFX	Arrow Managed Futures	Pair Corr
1.0	MFTNX	Arrow Managed Futures	Pair Corr
0.85	AQMRX	Aqr Managed Futures	Pair Corr
0.77	PQTAX	Pimco Trends Managed	Pair Corr
0.77	PQTNX	Pimco Trends Managed	Pair Corr
0.68	AHLPX	American Beacon Ahl	Pair Corr
0.82	AMFNX	Asg Managed Futures	Pair Corr
0.87	ABYCX	Abbey Capital Futures	Pair Corr
0.78	ABYAX	Abbey Capital Futures	Pair Corr
0.78	ABYIX	Abbey Capital Futures	Pair Corr
0.91	AMFAX	Asg Managed Futures	Pair Corr
0.83	ASFYX	Asg Managed Futures	Pair Corr
0.67	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.65	UOPIX	Ultra Nasdaq 100	Pair Corr
0.64	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.71	INPIX	Internet Ultrasector	Pair Corr
0.71	INPSX	Internet Ultrasector	Pair Corr
0.65	BSL	Blackstone Gso Senior	Pair Corr
0.68	BTCFX	Bitcoin Strategy Profund Steady Growth	Pair Corr
0.71	FFRDX	Franklin Floating Rate	Pair Corr
0.8	RYIFX	Guggenheim Managed	Pair Corr
0.73	EIDOX	Eaton Vance Emerging	Pair Corr
0.62	BTCYX	Cboe Vest Bitcoin Steady Growth	Pair Corr
0.79	KCLIX	Knights Of Columbus	Pair Corr
0.73	SUSAX	Siit Ultra Short	Pair Corr

Moving against Arrow Mutual Fund

0.58

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	RAAEX	TAAQX	LSYIX	TSDCX	RSDIX
RAAEX		0.88	0.64	0.65	0.97	RAAEX
TAAQX	0.88		0.78	0.74	0.91	TAAQX
LSYIX	0.64	0.78		0.75	0.68	LSYIX
TSDCX	0.65	0.74	0.75		0.74	TSDCX
RSDIX	0.97	0.91	0.68	0.74		RSDIX
	RAAEX	TAAQX	LSYIX	TSDCX	RSDIX

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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
RAAEX	0.09	0.00	0.01	0.10	0.01	(0.15)	0.21	(0.11)	0.74
TAAQX	0.08	0.00	0.03	0.04	0.00	(0.17)	0.21	(0.10)	0.62
LSYIX	0.13	0.01	0.05	0.10	0.07	(0.21)	0.41	(0.30)	1.32
TSDCX	0.04	0.00	0.04	0.15	0.00	(0.17)	0.11	(0.11)	0.54
RSDIX	0.09	0.00	0.04	(0.06)	0.00	(0.18)	0.21	(0.10)	0.72

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