Astor Long/short Correlations

Mutual Funds . USA . 
Fund . Astor Longshort Fund
ASTZX Fund  USD 12.02  0.04  0.33%   
The current 90-days correlation between Astor Long/short and Templeton Growth Fund is -0.39 (i.e., Very good 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

Very good diversification

The correlation between Astor Longshort Fund and DJI is -0.38 (i.e., Very 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 nation.

Moving together with Astor Mutual Fund

  0.99STARX Astor Star FundPairCorr
  0.99ASPGX Astor Star FundPairCorr
  0.97ASTIX Astor Long/shortPairCorr
  1.0ASTLX Astor LongshortPairCorr
  0.95CSPGX Astor Star FundPairCorr
  0.95PAALX All Asset FundPairCorr
  0.95PATRX Pimco All AssetPairCorr
  0.95PAAIX All Asset FundPairCorr
  0.95PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.95PASCX All Asset FundPairCorr
  0.95PAANX Pimco All AssetPairCorr
  0.93PAUPX Pimco All AssetPairCorr
  0.93PAUIX Pimco All AssetPairCorr
  0.89PDI Pimco Dynamic IncomePairCorr
  0.92FTCAX Templeton Strained BondPairCorr
  0.97ABHIX High Yield FundPairCorr
  0.97FICVX Fidelity ConvertiblePairCorr
  1.0ISJBX Voya Stock IndexPairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.92VEGBX Vanguard Emerging MarketsPairCorr
  0.97FMOKX Oklahoma College SavingsPairCorr
  0.97GGESX Nationwide Global EquityPairCorr
  0.65MVT Blackrock MunivestPairCorr
  0.97EVFGX Evaluator Aggressive RmsPairCorr
  0.97SFMIX American Beacon StephensPairCorr
  0.97IMLLX Transamerica AssetPairCorr
  1.0FISCX Franklin VertiblePairCorr
  0.99PSCSX Pimco Small CapPairCorr

Moving against Astor Mutual Fund

  0.95USPSX Profunds UltrashortPairCorr
  0.86TCTGX Transamerica CleartrackPairCorr
  0.86TDKTX Cleartrack 2015 ClassPairCorr
  0.98USPIX Profunds UltrashortPairCorr
  0.94UIPIX Ultrashort Mid CapPairCorr
  0.86TCTJX Transamerica CleartrackPairCorr
  0.85TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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