Astor Longshort Correlations

ASTLX Fund

USD 12.39 0.03 0.24%

The current 90-days correlation between Astor Longshort and Ambrus Core Bond is -0.18 (i.e., Good diversification). The correlation of Astor Longshort 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 Longshort Correlation With Market

Almost no diversification

The correlation between Astor Longshort Fund and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astor Longshort 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 Longshort 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 bureau of economic analysis.

Moving together with Astor Mutual Fund

0.62	PAALX	All Asset Fund	Pair Corr
0.74	PATRX	Pimco All Asset	Pair Corr
0.63	PAAIX	All Asset Fund	Pair Corr
0.72	PALPX	Pimco All Asset	Pair Corr
0.64	PASAX	All Asset Fund	Pair Corr
0.75	PASCX	All Asset Fund	Pair Corr
0.72	PAANX	Pimco All Asset	Pair Corr
0.92	ABRIX	Invesco Balanced Risk	Pair Corr
0.81	PFN	Pimco Income Strategy	Pair Corr
0.71	XDSMX	Dreyfus Strategic	Pair Corr
0.82	CIF	Mfs Intermediate High	Pair Corr
0.7	XNXJX	Nuveen New Jersey	Pair Corr
0.81	NXJ	Nuveen New Jersey	Pair Corr
0.76	XPPRX	Voya Prime Rate	Pair Corr
0.85	PCF	Putnam High Income	Pair Corr
0.72	XNBHX	Neuberger Berman Int	Pair Corr
0.7	BA	Boeing	Pair Corr
0.69	MSFT	Microsoft Aggressive Push	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.85	IBM	International Business	Pair Corr
0.8	MMM	3M Company	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.85	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.91	HPQ	HP Inc	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.93	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against Astor Mutual Fund

0.49	KAGAX	Kensington Dynamic Growth	Pair Corr
0.44	ANBIX	Ab Bond Inflation	Pair Corr
0.38	KO	Coca Cola	Pair Corr
0.38	VZ	Verizon Communications Aggressive Push	Pair Corr
0.34	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TTRBX	MSTBX	ANBIX	DLTNX	MIIIX	ABNTX
TTRBX		0.28	0.53	0.55	0.8	0.65	TTRBX
MSTBX	0.28		0.89	0.9	0.73	0.83	MSTBX
ANBIX	0.53	0.89		0.94	0.83	0.93	ANBIX
DLTNX	0.55	0.9	0.94		0.86	0.86	DLTNX
MIIIX	0.8	0.73	0.83	0.86		0.9	MIIIX
ABNTX	0.65	0.83	0.93	0.86	0.9		ABNTX
	TTRBX	MSTBX	ANBIX	DLTNX	MIIIX	ABNTX

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Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Longshort 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 Longshort'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
TTRBX	0.18	(0.01)	0.43	0.12	0.23	(0.20)	0.40	(0.30)	1.21
MSTBX	0.12	0.01	0.78	(1.12)	0.00	(0.17)	0.21	(0.21)	0.82
ANBIX	0.22	0.02	0.38	(1.52)	0.26	(0.24)	0.48	(0.47)	1.81
DLTNX	0.28	0.01	0.38	(0.39)	0.29	(0.31)	0.58	(0.57)	1.69
MIIIX	0.30	0.01	0.33	(0.72)	0.34	(0.33)	0.55	(0.53)	1.91
ABNTX	0.22	0.01	0.38	(0.39)	0.25	(0.25)	0.48	(0.39)	1.93

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