The Arbitrage Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Event Driven
AGEAX Fund  USD 12.57  0.02  0.16%   
The current 90-days correlation between Arbitrage Event and Ab Global Bond is 0.19 (i.e., Average 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

Good diversification

The correlation between The Arbitrage Event Driven and DJI is -0.08 (i.e., Good 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 nation.

Moving together with The Mutual Fund

  0.97ARBNX The ArbitragePairCorr
  0.97ARBFX The ArbitragePairCorr
  0.95ARBCX The ArbitragePairCorr
  0.89ARCFX Arbitrage CreditPairCorr
  0.96ARGAX Arbitrage FundPairCorr
  0.9ACFIX Arbitrage CreditPairCorr
  1.0AEDNX Arbitrage EventPairCorr
  0.99AEDFX Arbitrage EventPairCorr
  0.89AGCAX Arbitrage CreditPairCorr
  0.72BILPX Blkrk Lc CrPairCorr
  0.78MERIX Merger FundPairCorr
  0.78MERFX Merger FundPairCorr
  0.88VARAX Vivaldi Merger ArbitragePairCorr
  0.88VARBX Vivaldi Merger ArbitragePairCorr
  0.88VARCX First Trust MergerPairCorr
  0.83KF Korea ClosedPairCorr
  0.86KCVIX Kngt Clb LargPairCorr
  0.76AIMOX Aqr InternationalPairCorr
  0.69LTFIX Principal Lifetime 2055PairCorr
  0.81VPMAX Vanguard PrimecapPairCorr
  0.73CYYYX Columbia ThermostatPairCorr
  0.85DTCPX Dfa Targeted CreditPairCorr
  0.76THOIX Thornburg Global OppPairCorr
  0.61DUSLX Dfa LargePairCorr
  0.73ICSIX Dynamic OpportunityPairCorr
  0.71MCBZX Manning Napier CorePairCorr
  0.89PEBIX Emerging Markets BondPairCorr
  0.89PCSRX CommodityrealreturnPairCorr
  0.83FNILX Fidelity Zero LargePairCorr
  0.77TIOPX Tiaa Cref InternationalPairCorr
  0.76VSMGX Vanguard LifestrategyPairCorr
  0.83JANBX Janus BalancedPairCorr
  0.75SIBAX Sit BalancedPairCorr
  0.84PDIJX Prudential Day OnePairCorr

Related Correlations Analysis


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.

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