Astor Star Correlations

Mutual Funds . USA . 
Fund . Astor Star Fund
CSPGX Fund  USD 13.77  0.01  0.07%   
The current 90-days correlation between Astor Star Fund and Mid Cap Growth is 0.79 (i.e., Poor diversification). 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

Very poor diversification

The correlation between Astor Star Fund and DJI is 0.88 (i.e., Very poor 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
  1.0ASPGX Astor Star FundPairCorr
  0.99ASTIX Astor Long/shortPairCorr
  0.99ASTLX Astor Long/shortPairCorr
  0.99ASTZX Astor Long/shortPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.94PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.98CASAX Columbia Pacific/asiaPairCorr
  0.61CCCZX Center St BrookfieldPairCorr
  0.98CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap Growth Steady GrowthPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap Growth Steady GrowthPairCorr
  0.97FMSRX Frontier Mfg GlobalPairCorr
  0.94MSAAX Active InternationalPairCorr
  0.97FMDRX Franklin Mutual GlobalPairCorr
  0.95XXBGX Blackstonegso LongPairCorr
  0.9RPNIX Riverpark/next CenturyPairCorr
  0.97MBXCX Catalystmillburn HedgePairCorr
  0.97EFECX Ashmore Emerging MarketsPairCorr
  0.99FEYIX Fidelity Asset ManagerPairCorr
  0.77AHMFX American High IncomePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.67MTFCX Mainstay Tax FreePairCorr
  0.99CNSDX Invesco Vertible SecPairCorr
  0.99JSIPX Jpmorgan SmartretirementPairCorr
  0.7GLPSX Goldman Sachs MlpPairCorr
  0.96GDIRX Goldman Sachs ShortPairCorr
  0.99FFFGX 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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