The Arbitrage Correlations

AEDNX Fund

USD 12.76 0.01 0.08%

The current 90-days correlation between Arbitrage Event and Morningstar Growth Etf is 0.32 (i.e., Weak diversification). The correlation of The Arbitrage 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.

The Arbitrage Correlation With Market

Weak diversification

The correlation between The Arbitrage Event Driven and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage Event Driven and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Arbitrage Event Driven. 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 state.

Moving together with The Mutual Fund

0.96	ARBNX	The Arbitrage	Pair Corr
0.96	ARBFX	The Arbitrage	Pair Corr
0.7	ARBCX	The Arbitrage	Pair Corr
0.71	ARGAX	Arbitrage Fund	Pair Corr
0.88	ACFIX	Arbitrage Credit	Pair Corr
0.76	AEDFX	Arbitrage Event	Pair Corr
1.0	AGEAX	Arbitrage Event	Pair Corr
0.73	MERIX	Merger Fund	Pair Corr
0.73	MERFX	Merger Fund	Pair Corr
0.67	VARAX	Vivaldi Merger Arbitrage	Pair Corr
0.86	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.86	VARCX	First Trust Merger	Pair Corr
0.64	DFEQX	Dfa Short Term	Pair Corr
0.85	CWFCX	Carillon Chartwell Short	Pair Corr

Related Correlations Analysis

	GETFX	LGPSX	SLWGX	GCIGX	AUERX	MGAFX	CHASX
GETFX		0.91	0.86	0.86	0.8	0.93	0.96	GETFX
LGPSX	0.91		0.94	0.83	0.69	0.96	0.91	LGPSX
SLWGX	0.86	0.94		0.8	0.65	0.9	0.92	SLWGX
GCIGX	0.86	0.83	0.8		0.64	0.92	0.81	GCIGX
AUERX	0.8	0.69	0.65	0.64		0.75	0.71	AUERX
MGAFX	0.93	0.96	0.9	0.92	0.75		0.89	MGAFX
CHASX	0.96	0.91	0.92	0.81	0.71	0.89		CHASX
	GETFX	LGPSX	SLWGX	GCIGX	AUERX	MGAFX	CHASX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Arbitrage 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 The Arbitrage'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
GETFX	0.44	0.01	0.00	0.05	0.63	(0.42)	0.92	(0.91)	3.58
LGPSX	0.73	0.03	0.00	0.69	1.03	(0.69)	1.58	(1.50)	4.70
SLWGX	0.83	0.07	0.02	(0.35)	1.06	(0.87)	1.77	(1.36)	5.51
GCIGX	0.67	0.03	0.00	0.71	0.88	(0.63)	1.16	(1.27)	3.99
AUERX	0.77	0.10	0.09	0.14	0.90	(0.87)	1.72	(1.68)	5.32
MGAFX	0.43	0.02	(0.02)	2.03	0.58	(0.42)	0.93	(0.92)	3.49
CHASX	0.76	0.07	0.07	0.11	0.93	(0.83)	1.79	(1.49)	5.21

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The Arbitrage Correlations

The Arbitrage Correlation With Market

Weak diversification

Moving together with The Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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