Arrow Dwa Correlations
DWATX Fund | USD 10.71 0.03 0.28% |
The current 90-days correlation between Arrow Dwa Balanced and Arrow Managed Futures is -0.28 (i.e., Very good diversification). The correlation of Arrow Dwa 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.
Arrow Dwa Correlation With Market
Poor diversification
The correlation between Arrow Dwa Balanced and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Dwa Balanced and DJI in the same portfolio, assuming nothing else is changed.
Arrow |
Moving together with Arrow Mutual Fund
0.97 | DWAFX | Arrow Dwa Balanced | PairCorr |
0.95 | DWTNX | Arrow Dwa Tactical | PairCorr |
0.98 | PAALX | All Asset Fund | PairCorr |
0.98 | PATRX | Pimco All Asset | PairCorr |
0.98 | PAAIX | All Asset Fund | PairCorr |
0.98 | PALPX | Pimco All Asset | PairCorr |
0.95 | PASAX | All Asset Fund | PairCorr |
0.98 | PASCX | All Asset Fund | PairCorr |
0.98 | PAANX | Pimco All Asset | PairCorr |
0.96 | PAUPX | Pimco All Asset | PairCorr |
0.96 | PAUIX | Pimco All Asset | PairCorr |
0.95 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.94 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.93 | TTEEX | T Rowe Price | PairCorr |
0.94 | TREMX | T Rowe Price | PairCorr |
0.95 | FIKGX | Fidelity Advisor Sem | PairCorr |
0.97 | ONERX | One Rock Fund | PairCorr |
0.96 | FELCX | Fidelity Advisor Sem | PairCorr |
0.96 | FELIX | Fidelity Advisor Sem | PairCorr |
0.96 | FSELX | Fidelity Select Semi | PairCorr |
0.95 | FELAX | Fidelity Advisor Sem | PairCorr |
0.67 | VRREX | Virtus Real Estate | PairCorr |
0.9 | PARTX | Putman Absolute Return | PairCorr |
0.94 | FEFAX | First Eagle Fund | PairCorr |
0.96 | BGHSX | Brandywineglobal High | PairCorr |
0.93 | ADNIX | Amer Beacon Ark Steady Growth | PairCorr |
0.97 | NWOBX | Nationwide Destination | PairCorr |
0.93 | GPPSX | Goldman Sachs Short | PairCorr |
0.92 | CLM | Cornerstone Strategic | PairCorr |
0.98 | NBPIX | Neuberger Berman Large | PairCorr |
0.97 | ANVHX | American Century Non | PairCorr |
0.94 | DPRRX | Delaware Reit | PairCorr |
0.94 | DCARX | Dfa California Municipal | PairCorr |
0.69 | BCPAX | Brandes E Plus | PairCorr |
0.98 | CLREX | Columbia Balanced | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arrow Mutual Fund performing well and Arrow Dwa 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 Arrow Dwa'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MFTFX | 0.86 | 0.06 | (0.07) | (1.44) | 1.37 | 1.64 | 6.09 | |||
MFTNX | 0.84 | 0.02 | (0.08) | 0.38 | 1.29 | 1.60 | 6.04 | |||
MFTTX | 0.84 | 0.07 | (0.08) | (0.58) | 1.28 | 1.61 | 6.00 | |||
DWAFX | 0.37 | 0.13 | (0.09) | (2.21) | 0.26 | 0.86 | 2.58 | |||
DWATX | 0.36 | 0.07 | (0.08) | 0.37 | 0.23 | 0.87 | 2.60 | |||
DWANX | 0.36 | 0.07 | (0.07) | 0.37 | 0.22 | 0.92 | 2.59 | |||
DWTNX | 0.40 | 0.16 | (0.02) | (4.60) | 0.00 | 1.25 | 2.58 | |||
DWTFX | 0.41 | 0.17 | (0.02) | (3.21) | 0.00 | 1.26 | 2.50 | |||
DWTTX | 0.39 | 0.15 | (0.05) | (3.20) | 0.00 | 1.26 | 2.49 |