Arbitrage Fund Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Fund
ARBFX Fund  USD 13.35  0.01  0.07%   
The current 90-days correlation between Arbitrage Fund and The Merger Fund is 0.13 (i.e., Average 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

Very poor diversification

The correlation between The Arbitrage Fund and DJI is 0.86 (i.e., Very poor 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 census.

Moving together with Arbitrage Mutual Fund

  1.0ARBNX Arbitrage FundPairCorr
  1.0ARBCX Arbitrage FundPairCorr
  0.88ARCFX Arbitrage CreditPairCorr
  0.95ARGAX The ArbitragePairCorr
  0.88ACFIX Arbitrage CreditPairCorr
  1.0AEDNX Arbitrage EventPairCorr
  1.0AEDFX Arbitrage EventPairCorr
  0.89AGCAX Arbitrage CreditPairCorr
  0.96AGEAX Arbitrage EventPairCorr
  0.89BCLPX Blckrk Lc CrPairCorr
  0.89BALPX Blckrk Lc CrPairCorr
  0.9BILPX Blkrk Lc CrPairCorr
  0.81MERIX Merger FundPairCorr
  0.81MERFX Merger FundPairCorr
  0.84VARAX Vivaldi Merger ArbitragePairCorr
  0.85VARBX Vivaldi Merger ArbitragePairCorr
  0.85VARCX First Trust MergerPairCorr
  0.62RYMEX Commodities StrategyPairCorr
  0.62RYMJX Commodities StrategyPairCorr
  0.63RYMBX Commodities StrategyPairCorr
  0.88BRUFX Bruce Fund BrucePairCorr
  0.92SPGSX State Street PremierPairCorr
  0.85KF Korea ClosedPairCorr
  0.97TRRIX T Rowe PricePairCorr
  0.95INGIX Voya Stock IndexPairCorr
  0.87DFUKX United Kingdom SmallPairCorr
  0.91SCIEX Hartford SchrodersPairCorr
  0.91HRIIX Hood River InternationalPairCorr
  0.93USAAX Growth Fund GrowthPairCorr
  0.85AVALX Aegis Value FundPairCorr
  0.97LMLRX Qs Defensive GrowthPairCorr
  0.93BCAAX Brandywineglobal CPairCorr
  0.96WSHFX Washington MutualPairCorr
  0.93BPGSX Rbb FundPairCorr
  0.95GSXPX Goldman Sachs SmallPairCorr
  0.93GLVIX Glg Intl SmallPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.81VFIDX Vanguard Intermediate-terPairCorr
  0.9BSIIX Blackrock StrategicPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DIAMX
+ 0.99
GATEX
GATEX
+ 0.92
CVSIX
DIAMX
+ 0.92
CVSIX
CVSIX
+ 0.86
MERFX
GATEX
+ 0.85
MERFX
DIAMX
+ 0.83
MERFX
  
High negative correlations   
DIAMX
- 0.52
HSGFX
GATEX
- 0.44
HSGFX
HSGFX
- 0.39
CVSIX
HSGFX
- 0.07
MERFX

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.

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