Arrow Managed Correlations

MFTTX Fund

USD 4.55 0.04 0.89%

The current 90-days correlation between Arrow Managed Futures and Arrow Managed Futures is -0.19 (i.e., Good diversification). The correlation of Arrow Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Arrow Managed Futures and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Arrow Managed Futures. 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 estimate.

Moving together with Arrow Mutual Fund

0.82	MFTFX	Arrow Managed Futures	Pair Corr
0.8	MFTNX	Arrow Managed Futures	Pair Corr
0.72	AMFNX	Asg Managed Futures	Pair Corr
0.68	ABYAX	Abbey Capital Futures	Pair Corr
0.68	ABYIX	Abbey Capital Futures	Pair Corr
0.65	ABYCX	Abbey Capital Futures	Pair Corr
0.71	AMFAX	Asg Managed Futures	Pair Corr
0.75	ASFCX	Asg Managed Futures	Pair Corr

Moving against Arrow Mutual Fund

0.32

VMACX

Virtus Kar Mid

Pair Corr

Related Correlations Analysis

	MFTFX	MFTNX	MFTTX	DWAFX	DWATX	DWANX	DWTNX	DWTFX	DWTTX
MFTFX		0.98	0.82	-0.08	-0.08	-0.04	-0.17	-0.17	-0.18	MFTFX
MFTNX	0.98		0.8	-0.07	-0.07	-0.04	-0.16	-0.16	-0.16	MFTNX
MFTTX	0.82	0.8		-0.06	-0.06	-0.1	-0.2	-0.2	-0.19	MFTTX
DWAFX	-0.08	-0.07	-0.06		1.0	0.97	0.95	0.95	0.97	DWAFX
DWATX	-0.08	-0.07	-0.06	1.0		0.97	0.95	0.95	0.97	DWATX
DWANX	-0.04	-0.04	-0.1	0.97	0.97		0.97	0.97	0.97	DWANX
DWTNX	-0.17	-0.16	-0.2	0.95	0.95	0.97		1.0	0.99	DWTNX
DWTFX	-0.17	-0.16	-0.2	0.95	0.95	0.97	1.0		0.99	DWTFX
DWTTX	-0.18	-0.16	-0.19	0.97	0.97	0.97	0.99	0.99		DWTTX
	MFTFX	MFTNX	MFTTX	DWAFX	DWATX	DWANX	DWTNX	DWTFX	DWTTX

Click cells to compare fundamentals

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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

DWATX	+ 1.0	DWAFX
DWTFX	+ 1.0	DWTNX
DWTTX	+ 0.99	DWTNX
DWTTX	+ 0.99	DWTFX
MFTNX	+ 0.98	MFTFX
DWANX	+ 0.97	DWAFX

High negative correlations

DWTFX	- 0.2	MFTTX
DWTNX	- 0.2	MFTTX
DWTTX	- 0.19	MFTTX
DWTTX	- 0.18	MFTFX
DWTFX	- 0.17	MFTFX
DWTNX	- 0.17	MFTFX

Risk-Adjusted Indicators

There is a big difference between Arrow Mutual Fund performing well and Arrow Managed 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 Managed'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	(0.05)	(0.86)	1.37	(0.86)	1.64	(2.47)	6.09
MFTNX	0.83	0.07	(0.05)	(0.47)	1.28	(0.90)	1.60	(2.73)	6.04
MFTTX	0.84	0.04	(0.05)	0.44	1.28	(0.90)	1.61	(2.68)	6.00
DWAFX	0.37	0.07	(0.03)	0.36	0.26	(0.40)	0.86	(0.78)	2.58
DWATX	0.36	0.07	(0.03)	0.36	0.24	(0.42)	0.87	(0.78)	2.60
DWANX	0.36	0.13	(0.03)	(2.19)	0.24	(0.40)	0.92	(0.79)	2.59
DWTNX	0.39	0.16	0.04	(4.30)	0.00	(0.49)	1.25	(0.69)	2.58
DWTFX	0.40	0.16	0.03	(3.23)	0.00	(0.50)	1.26	(0.71)	2.50
DWTTX	0.39	0.11	0.04	0.45	0.00	(0.50)	1.26	(0.67)	2.49

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