Arbitrage Credit Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Credit
ACFIX Fund  USD 9.81  0.01  0.10%   
The current 90-days correlation between Arbitrage Credit and The Arbitrage Fund is 0.07 (i.e., Significant diversification). The correlation of Arbitrage Credit 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.

Arbitrage Credit Correlation With Market

Good diversification

The correlation between The Arbitrage Credit and DJI is -0.01 (i.e., Good 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 gross domestic product.

Moving together with Arbitrage Mutual Fund

  0.93ARBCX Arbitrage FundPairCorr
  0.99ARCFX Arbitrage CreditPairCorr
  0.94ARGAX Arbitrage FundPairCorr
  0.99AGCAX Arbitrage CreditPairCorr
  0.93AGEAX Arbitrage EventPairCorr
  0.62BSIKX Blackrock StrategicPairCorr
  0.62BSICX Blackrock Strategic OppsPairCorr
  0.62BASIX Blackrock Strategic OppsPairCorr
  0.89FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.68FISMX Fidelity InternationalPairCorr
  0.67VTRDX Voya Target RetirementPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.96FERGX Fidelity Sai EmergingPairCorr
  0.95JSCRX Prudential Jennison SmallPairCorr
  0.97AACPX American Century OnePairCorr
  0.94PRXIX T Rowe PricePairCorr
  0.94VSFRX Federated Clover SmallPairCorr
  0.65BSMIX Blackrock Smallmid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Arbitrage Mutual Fund performing well and Arbitrage Credit 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 Arbitrage Credit'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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