The Arbitrage Correlations

ARCFX Fund

USD 9.88 0.01 0.10%

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

Significant diversification

The correlation between The Arbitrage Credit and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Arbitrage Credit 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 Credit. 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 census.

Moving together with The Mutual Fund

0.73	BSIKX	Blackrock Strategic	Pair Corr
0.72	BSICX	Blackrock Strategic Opps	Pair Corr
0.72	BASIX	Blackrock Strategic Opps	Pair Corr
0.71	BSIIX	Blackrock Strategic	Pair Corr
0.73	JSORX	Jpmorgan Strategic Income	Pair Corr
0.72	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.76	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.73	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.71	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.8	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.85	TTEEX	T Rowe Price	Pair Corr
0.86	TREMX	T Rowe Price	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr
0.83	ONERX	One Rock Fund Steady Growth	Pair Corr
0.82	CEE	Central Europe Russia	Pair Corr
0.72	WWWFX	Kinetics Internet	Pair Corr
0.88	BA	Boeing Buyout Trend	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.62	PFE	Pfizer Inc	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.85	JPM	JPMorgan Chase	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	ARBFX	AEDFX	ARBCX	AEDNX	AGCAX
ARBFX		0.9	1.0	0.9	0.9	ARBFX
AEDFX	0.9		0.91	1.0	0.94	AEDFX
ARBCX	1.0	0.91		0.9	0.91	ARBCX
AEDNX	0.9	1.0	0.9		0.94	AEDNX
AGCAX	0.9	0.94	0.91	0.94		AGCAX
	ARBFX	AEDFX	ARBCX	AEDNX	AGCAX

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Arbitrage 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 The Arbitrage'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
ARBFX	0.14	0.00	(0.09)	0.05	0.16	(0.17)	0.30	(0.31)	1.46
AEDFX	0.14	0.01	(0.05)	1.56	0.21	(0.17)	0.33	(0.51)	1.44
ARBCX	0.13	0.00	(0.11)	0.03	0.17	(0.15)	0.25	(0.33)	1.34
AEDNX	0.14	0.01	(0.05)	0.91	0.20	(0.17)	0.25	(0.50)	1.42
AGCAX	0.08	0.00	(0.18)	0.06	0.00	(0.13)	0.21	(0.10)	0.41

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The Arbitrage Correlations

The Arbitrage Correlation With Market

Significant diversification

Moving together with The Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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