Astor Star Correlations

Mutual Funds . USA . 
Fund . Astor Star Fund
CSPGX Fund  USD 13.76  0.01  0.07%   
The current 90-days correlation between Astor Star Fund and Nuveen Strategic Municipal is -0.16 (i.e., Good diversification). The correlation of Astor Star 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 Star Correlation With Market

Very poor diversification

The correlation between Astor Star Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astor Star 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 Star 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 price.

Moving together with Astor Mutual Fund

  0.98STARX Astor Star FundPairCorr
  0.98ASPGX Astor Star FundPairCorr
  0.97ASTIX Astor Long/shortPairCorr
  0.97ASTLX Astor Long/shortPairCorr
  0.97ASTZX Astor Long/shortPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.95PAUPX Pimco All AssetPairCorr
  0.95PAUIX Pimco All AssetPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.64CCCZX Center St BrookfieldPairCorr
  0.98CASCX Columbia PacificasiaPairCorr
  0.97MSKLX Mid Cap GrowthPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr
  0.97MPEGX Mid Cap GrowthPairCorr
  0.97FMSRX Frontier Mfg GlobalPairCorr
  0.94MSAAX Active InternationalPairCorr
  0.97FMDRX Franklin Mutual GlobalPairCorr
  0.94XXBGX Blackstonegso LongPairCorr
  0.87RPNIX Riverpark/next CenturyPairCorr
  0.98MBXCX Catalystmillburn HedgePairCorr
  0.96EFECX Ashmore Emerging MarketsPairCorr
  0.99FEYIX Fidelity Asset ManagerPairCorr
  0.72AHMFX American High IncomePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.61MTFCX Mainstay Tax FreePairCorr
  0.99CNSDX Invesco Vertible SecPairCorr
  0.99JSIPX Jpmorgan SmartretirementPairCorr
  0.66GLPSX Goldman Sachs MlpPairCorr
  0.96GDIRX Goldman Sachs ShortPairCorr
  0.99FFFGX Fidelity Freedom 2045PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Star 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 Star'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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