The Arbitrage Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Fund
ARBFX Fund  USD 13.59  0.01  0.07%   
The current 90-days correlation between The Arbitrage and Calamos Market Neutral is 0.08 (i.e., Significant diversification). The correlation of The Arbitrage 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.

The Arbitrage Correlation With Market

Very weak diversification

The correlation between The Arbitrage Fund and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage 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 The Arbitrage 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 The Mutual Fund

  1.0ARBNX The ArbitragePairCorr
  1.0ARBCX The ArbitragePairCorr
  0.91ARCFX Arbitrage CreditPairCorr
  1.0ARGAX The ArbitragePairCorr
  0.91ACFIX Arbitrage CreditPairCorr
  1.0AEDNX Arbitrage EventPairCorr
  1.0AEDFX Arbitrage EventPairCorr
  0.93AGCAX Arbitrage CreditPairCorr
  1.0AGEAX Arbitrage EventPairCorr
  0.97BCLPX Blckrk Lc CrPairCorr
  0.97BALPX Blckrk Lc CrPairCorr
  0.97BILPX Blkrk Lc CrPairCorr
  0.97MERIX Merger FundPairCorr
  0.97MERFX Merger FundPairCorr
  0.73VARAX Vivaldi Merger ArbitragePairCorr
  0.79VARBX Vivaldi Merger ArbitragePairCorr
  0.93ASG Liberty All StarPairCorr
  0.96CII Blackrock EnhancedPairCorr
  0.94ETV Eaton Vance TaxPairCorr
  0.92CLM Cornerstone StrategicPairCorr
  0.95CRF Cornerstone StrategicPairCorr
  0.97ETY Eaton Vance TaxPairCorr
  0.94NFJ Virtus Dividend InterestPairCorr
  0.96RPEBX New PerspectivePairCorr
  0.92MDBZX Massmutual PremierPairCorr
  0.92FFODX Oklahoma College SavingsPairCorr
  0.93RYHGX High Yield StrategyPairCorr
  0.94MXIHX Great-west Inflation-protecPairCorr
  0.66FCWBX Capital World BondPairCorr
  0.97ARLIX One Choice 2035PairCorr
  0.97JOMMX Johcm Emerging MarketsPairCorr
  0.98SPEGX Alger ResponsiblePairCorr
  0.97PSLDX Pimco Stocksplus LongPairCorr

Moving against The Mutual Fund

  0.77IFN India ClosedPairCorr

Related Correlations Analysis

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