Astor Star Correlations

Mutual Funds . USA . 
Fund . Astor Star Fund
ASPGX Fund  USD 15.54  0.03  0.19%   
The current 90-days correlation between Astor Star Fund and Astor Star Fund is 1.0 (i.e., No risk reduction). The correlation of Astor Star 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.

Astor Star Correlation With Market

Good diversification

The correlation between Astor Star Fund 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 Astor Star 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 Astor Star 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 price.

Moving together with Astor Mutual Fund

  1.0STARX Astor Star FundPairCorr
  0.99ASTIX Astor Long/shortPairCorr
  0.99ASTLX Astor Long/shortPairCorr
  0.99ASTZX Astor Long/shortPairCorr
  1.0CSPGX Astor Star FundPairCorr
  0.96PAALX All Asset FundPairCorr
  0.96PATRX Pimco All AssetPairCorr
  0.96PAAIX All Asset FundPairCorr
  0.96PALPX Pimco All AssetPairCorr
  0.93PASAX All Asset FundPairCorr
  0.96PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.93PAUPX Pimco All AssetPairCorr
  0.94PAUIX Pimco All AssetPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.99CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.97FMSRX Frontier Mfg GlobalPairCorr
  0.94MSAAX Active InternationalPairCorr
  0.97FMDRX Franklin Mutual GlobalPairCorr
  0.95XXBGX Blackstonegso LongPairCorr
  0.89RPNIX Riverpark/next CenturyPairCorr
  0.96MBXCX Catalystmillburn HedgePairCorr
  0.97EFECX Ashmore Emerging MarketsPairCorr
  0.68WMFDX Municipal BondPairCorr
  0.98FEYIX Fidelity Asset ManagerPairCorr
  0.84AHMFX American High IncomePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.74MTFCX Mainstay Tax FreePairCorr
  0.98CNSDX Invesco Vertible SecPairCorr
  0.99JSIPX Jpmorgan SmartretirementPairCorr
  0.75GLPSX Goldman Sachs MlpPairCorr
  0.97GDIRX Goldman Sachs ShortPairCorr
  0.98FFFGX Fidelity Freedom 2045PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Star 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 Astor Star'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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