Astor Long/short Correlations

Mutual Funds . USA . 
Fund . Astor Longshort Fund
ASTLX Fund  USD 13.32  0.05  0.38%   
The current 90-days correlation between Astor Long/short and Buffalo High Yield is 0.15 (i.e., Average diversification). The correlation of Astor Long/short 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 Long/short Correlation With Market

Good diversification

The correlation between Astor Longshort Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astor Longshort 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 Longshort 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 board of governors.

Moving together with Astor Mutual Fund

  0.93STARX Astor Star FundPairCorr
  0.96ASPGX Astor Star FundPairCorr
  0.97ASTIX Astor Long/shortPairCorr
  0.97ASTZX Astor Long/shortPairCorr
  0.93CSPGX Astor Star FundPairCorr
  0.95PAALX All Asset FundPairCorr
  0.94PATRX Pimco All AssetPairCorr
  0.94PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.96PAUPX Pimco All AssetPairCorr
  0.96PAUIX Pimco All AssetPairCorr
  0.78WARRX Wells Fargo AdvantagePairCorr
  0.91ASG Liberty All StarPairCorr
  0.93CII Blackrock EnhancedPairCorr
  0.93ETV Eaton Vance TaxPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.95CRF Cornerstone StrategicPairCorr
  0.93ETY Eaton Vance TaxPairCorr
  0.96NFJ Virtus Dividend InterestPairCorr
  0.77MSILX Litman Gregory MastersPairCorr
  0.8VRSFX Virtus Senior FloatingPairCorr
  0.94JGCSX Janus Global AllocationPairCorr
  0.86JMGPX Jpmorgan Mid CapPairCorr
  0.88LGLFX Lord Abbett GrowthPairCorr
  0.83AGMHX Ginnie Mae FundPairCorr
  0.93PEAPX International EmergingPairCorr
  0.85JIGIX John Hancock InternaPairCorr
  0.94USISX Income StockPairCorr
  0.96PQTAX Pimco Trends ManagedPairCorr
  0.94SMIDX Smi Dynamic AllocationPairCorr
  0.81VBMFX Vanguard Total BondPairCorr
  0.81JDFRX Janus Flexible BondPairCorr
  0.95GCSLX Pioneer Global EquityPairCorr

Moving against Astor Mutual Fund

  0.37IIF Morgan Stanley IndiaPairCorr
  0.67IFN India ClosedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Long/short 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 Long/short'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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