Arbitrage Fund Correlations

Mutual Funds USA . 
Fund . The Arbitrage Fund
ARBCX Fund  USD 12.17  0.01  0.08%   
The current 90-days correlation between Arbitrage Fund and The Arbitrage Fund is 0.05 (i.e., Significant diversification). The correlation of Arbitrage Fund 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 Fund Correlation With Market

Good diversification

The correlation between The Arbitrage Fund and DJI is -0.03 (i.e., Good 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 main economic indicators.

Moving together with Arbitrage Mutual Fund

  0.94ARBNX The ArbitragePairCorr
  0.94ARBFX Arbitrage FundPairCorr
  0.81ARCFX Arbitrage CreditPairCorr
  1.0ARGAX The ArbitragePairCorr
  0.8ACFIX Arbitrage CreditPairCorr
  0.93AEDNX Arbitrage EventPairCorr
  0.99AEDFX Arbitrage EventPairCorr
  0.82AGCAX Arbitrage CreditPairCorr
  0.99AGEAX Arbitrage EventPairCorr
  0.85BCLPX Blckrk Lc CrPairCorr
  0.84BALPX Blckrk Lc CrPairCorr
  0.77BILPX Blkrk Lc CrPairCorr
  0.64MERIX Merger FundPairCorr
  0.67MERFX Merger FundPairCorr
  0.74VARAX Vivaldi Merger ArbitragePairCorr
  0.73VARBX Vivaldi Merger ArbitragePairCorr
  0.76VARCX First Trust MergerPairCorr
  0.83FSMMX Fs Multi StrategyPairCorr
  0.86BTMPX Ishares Msci EafePairCorr
  0.86BTMKX Blackrock InternationalPairCorr
  0.79MDIIX Blackrock Intern IndexPairCorr
  0.9PIUIX Pnc International EquityPairCorr
  0.79HLDAX Hartford EmergingPairCorr
  0.77SPEDX Alger Dynamic OpportPairCorr
  0.9RDCTX American Funds 2020PairCorr
  0.92EMFIX Ashmore Emerging MarketsPairCorr
  0.8VCFVX Foreign ValuePairCorr
  0.82CFWIX Calvert Global WaterPairCorr
  0.91GSHTX Goldman Sachs HighPairCorr
  0.95GTAAX Power Global TacticalPairCorr
  0.65VSLXX Jpmorgan Trust IvPairCorr
  0.87RBKTX American Funds 2040PairCorr
  0.8MAIHX Morgan Stanley InstiPairCorr
  0.82GTDFX Invesco DevelopingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Arbitrage Mutual Fund performing well and Arbitrage Fund 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 Fund'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ARBNX  0.13  0.00 (0.14) 0.05  0.17 
(0.15)
 0.22 
(0.29)
 1.40 
ARBFX  0.14  0.00 (0.15) 0.03  0.17 
(0.16)
 0.30 
(0.31)
 1.46 
ARBCX  0.13  0.00 (0.17)(0.05) 0.17 
(0.15)
 0.25 
(0.33)
 1.34 
ARCFX  0.07  0.00 (0.23) 0.16  0.00 
(0.15)
 0.21 
(0.10)
 0.72 
ARGAX  0.14  0.00 (0.16)(0.41) 0.17 
(0.16)
 0.23 
(0.31)
 1.46 
ACFIX  0.07  0.00 (0.24) 0.15  0.00 
(0.14)
 0.21 
(0.10)
 0.62 
AEDNX  0.14  0.00 (0.08) 0.07  0.20 
(0.17)
 0.25 
(0.50)
 1.42 
AEDFX  0.14  0.00 (0.11) 0.33  0.21 
(0.17)
 0.33 
(0.51)
 1.44 
AGCAX  0.08  0.00 (0.25) 0.10  0.00 
(0.15)
 0.21 
(0.10)
 0.62 
AGEAX  0.14  0.01 (0.12) 1.02  0.22 
(0.16)
 0.25 
(0.51)
 1.35 

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