Arbitrage Credit Correlations
| ACFIX Fund | USD 9.75 0.01 0.10% |
The current 90-days correlation between Arbitrage Credit and Metropolitan West Porate 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.
Arbitrage |
Moving together with Arbitrage Mutual Fund
| 0.98 | ARCFX | Arbitrage Credit | PairCorr |
| 0.99 | AGCAX | Arbitrage Credit | PairCorr |
| 0.92 | JSORX | Jpmorgan Strategic Income | PairCorr |
| 0.93 | JSOZX | Jpmorgan Strategic Income | PairCorr |
| 0.92 | JSOCX | Jpmorgan Strategic Income | PairCorr |
| 0.93 | JSOSX | Jpmorgan Strategic Income | PairCorr |
| 0.92 | JSOAX | Jpmorgan Strategic Income | PairCorr |
| 0.65 | RMQAX | Monthly Rebalance Steady Growth | PairCorr |
| 0.65 | RMQHX | Monthly Rebalance Steady Growth | PairCorr |
| 0.78 | RSNYX | Victory Global Natural | PairCorr |
| 0.65 | RMQCX | Monthly Rebalance Steady Growth | PairCorr |
| 0.78 | RSNRX | Victory Global Natural | PairCorr |
| 0.78 | RGNCX | Victory Global Natural | PairCorr |
| 0.76 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
| 0.61 | NEXTX | Shelton Green Alpha | PairCorr |
| 0.75 | ISNSX | Voya Solution 2050 | PairCorr |
| 0.71 | MLNSX | Global Centrated Por | PairCorr |
| 0.79 | FMDGX | Fidelity Mid Cap | PairCorr |
| 0.75 | AMDVX | Mid Cap Value | PairCorr |
| 0.73 | VSENX | Jpmorgan Small Cap | PairCorr |
| 0.7 | FBGRX | Fidelity Blue Chip | PairCorr |
| 0.75 | XCAPX | Acap Strategic | PairCorr |
Related Correlations Analysis
| 0.86 | 0.93 | 0.64 | 0.94 | 0.85 | 0.38 | MWCSX | ||
| 0.86 | 0.88 | 0.65 | 0.92 | 0.88 | 0.67 | MBSAX | ||
| 0.93 | 0.88 | 0.8 | 0.96 | 0.92 | 0.4 | TTRBX | ||
| 0.64 | 0.65 | 0.8 | 0.72 | 0.77 | 0.18 | USCBX | ||
| 0.94 | 0.92 | 0.96 | 0.72 | 0.89 | 0.54 | MSTBX | ||
| 0.85 | 0.88 | 0.92 | 0.77 | 0.89 | 0.4 | XDLYX | ||
| 0.38 | 0.67 | 0.4 | 0.18 | 0.54 | 0.4 | PHDTX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MWCSX | 0.20 | 0.02 | (0.38) | (1.57) | 0.18 | 0.43 | 1.40 | |||
| MBSAX | 0.22 | 0.02 | (0.38) | 0.28 | 0.13 | 0.45 | 1.48 | |||
| TTRBX | 0.14 | 0.00 | (0.69) | (0.04) | 0.13 | 0.30 | 0.70 | |||
| USCBX | 0.15 | 0.01 | (0.40) | 0.06 | 0.24 | 0.39 | 1.74 | |||
| MSTBX | 0.10 | 0.00 | (0.85) | (0.17) | 0.06 | 0.21 | 0.72 | |||
| XDLYX | 0.14 | 0.01 | (0.55) | (6.67) | 0.16 | 0.31 | 1.10 | |||
| PHDTX | 0.10 | 0.03 | (0.78) | 0.68 | 0.00 | 0.23 | 0.56 |