Arbitrage Fund Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Fund
ARBFX Fund  USD 13.49  0.03  0.22%   
The current 90-days correlation between Arbitrage Fund and Calamos Market Neutral is 0.39 (i.e., Weak diversification). The correlation of Arbitrage Fund 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.

Arbitrage Fund Correlation With Market

Very weak diversification

The correlation between The Arbitrage Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage Fund 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 Fund. 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 Arbitrage Mutual Fund

  1.0ARBNX Arbitrage FundPairCorr
  1.0ARBCX Arbitrage FundPairCorr
  0.94ARCFX Arbitrage CreditPairCorr
  1.0ARGAX Arbitrage FundPairCorr
  0.93ACFIX Arbitrage CreditPairCorr
  1.0AEDNX Arbitrage EventPairCorr
  1.0AEDFX Arbitrage EventPairCorr
  0.94AGCAX Arbitrage CreditPairCorr
  1.0AGEAX Arbitrage EventPairCorr
  0.86BCLPX Blckrk Lc CrPairCorr
  0.88BALPX Blckrk Lc CrPairCorr
  0.88BILPX Blkrk Lc CrPairCorr
  0.97MERIX Merger FundPairCorr
  0.97MERFX Merger FundPairCorr
  0.89VARAX Vivaldi Merger ArbitragePairCorr
  0.9VARBX Vivaldi Merger ArbitragePairCorr
  0.88VARCX First Trust MergerPairCorr
  0.96SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.84EMO Clearbridge Energy MlpPairCorr
  0.64OSPPX Oppenheimer Steelpath MlpPairCorr
  0.63SPMPX Invesco Steelpath MlpPairCorr
  0.64MLPNX Oppenheimer Steelpath MlpPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.63MLPLX Oppenheimer Steelpath MlpPairCorr
  0.95RSNRX Victory Global NaturalPairCorr
  0.62SPMJX Invesco Steelpath MlpPairCorr
  0.98MMNIX Miller Market NeutralPairCorr
  0.81FRIFX Fidelity Real EstatePairCorr
  0.92GLO Clough Global OpportPairCorr
  0.88RSPYX Victory Rs PartnersPairCorr
  0.96APFOX Artisan Emerging MarketsPairCorr
  0.96RYRSX Russell 2000 2xPairCorr
  0.97BDBKX Blackrock Small CapPairCorr
  0.78IFRCX Voya Floating RatePairCorr
  0.95JHBJX John Hancock FundsPairCorr
  0.94SUTZX Ab Sustainable ThematicPairCorr
  0.96CSBYX Columbia Short TermPairCorr

Moving against Arbitrage Mutual Fund

  0.78ABPRX Ab Large CapPairCorr

Related Correlations Analysis

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