Astor Long/short Correlations

Mutual Funds . USA . 
Fund . Astor Longshort Fund
ASTLX Fund  USD 13.03  0.01  0.08%   
The current 90-days correlation between Astor Long/short and Hennessy Nerstone Mid is 0.83 (i.e., Very poor diversification). The correlation of Astor Long/short 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 Long/short Correlation With Market

Good diversification

The correlation between Astor Longshort Fund and DJI is -0.15 (i.e., Good 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

  0.99STARX Astor Star FundPairCorr
  0.99ASPGX Astor Star FundPairCorr
  1.0ASTIX Astor Long/shortPairCorr
  0.98ASTZX Astor Long/shortPairCorr
  0.97CSPGX Astor Star FundPairCorr
  0.96PAALX All Asset FundPairCorr
  0.96PATRX Pimco All AssetPairCorr
  0.96PAAIX All Asset FundPairCorr
  0.96PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.96PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.93PAUPX Pimco All AssetPairCorr
  0.93PAUIX Pimco All AssetPairCorr
  0.84MGGYX Mirova Global GreenPairCorr
  0.94HLDIX Hartford EmergingPairCorr
  0.94HLDRX Hartford EmergingPairCorr
  0.94HLDAX Hartford EmergingPairCorr
  0.94HLDCX Hartford EmergingPairCorr
  0.94HLDTX Hartford EmergingPairCorr
  0.87NRCFX Aew Real EstatePairCorr
  0.92FIKAX Fidelity Advisor EnergyPairCorr
  0.96JEQSX Johnson Equity IncomePairCorr
  0.98JATUX Jpmorgan SmartretirementPairCorr
  0.98XCWPX Acap StrategicPairCorr
  0.69IMAAX Ivy Apollo MultiPairCorr
  0.97FMEUX Franklin Mutual EuropeanPairCorr
  0.87LTBYX Opnhmr RchstrPairCorr
  1.0PADEX Putnam Dynamic AssetPairCorr
  1.0FZROX Fidelity Zero TotalPairCorr
  0.97DFIEX International E EquityPairCorr
  0.97JOGEX Johcm Global EquityPairCorr
  0.97TIHRX Tiaa-cref High-yieldPairCorr
  0.97CGRCX Oppenheimer ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Long/short 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 Long/short'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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