Arrow Managed Correlations

MFTTX Fund

USD 4.93 0.03 0.61%

The current 90-days correlation between Arrow Managed Futures and Fidelity Sai Convertible is -0.09 (i.e., Good diversification). The correlation of Arrow Managed 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.

Arrow Managed Correlation With Market

Significant diversification

The correlation between Arrow Managed Futures and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Arrow Managed Futures. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Arrow Mutual Fund

1.0	MFTFX	Arrow Managed Futures	Pair Corr
0.68	AQMRX	Aqr Managed Futures	Pair Corr
0.73	PQTAX	Pimco Trends Managed	Pair Corr
0.78	PQTNX	Pimco Trends Managed	Pair Corr
0.81	AHLPX	American Beacon Ahl	Pair Corr
0.9	AMFNX	Asg Managed Futures	Pair Corr
0.91	ABYAX	Abbey Capital Futures	Pair Corr
0.9	ABYIX	Abbey Capital Futures	Pair Corr
0.95	ABYCX	Abbey Capital Futures	Pair Corr
0.9	AMFAX	Asg Managed Futures	Pair Corr
0.89	ASFCX	Asg Managed Futures	Pair Corr
0.72	XDSMX	Dreyfus Strategic	Pair Corr
0.7	XNXJX	Nuveen New Jersey	Pair Corr
0.74	NXJ	Nuveen New Jersey	Pair Corr
0.65	XNBHX	Neuberger Berman Int	Pair Corr
0.71	PJHRX	Prudential Health	Pair Corr
0.82	CRF	Cornerstone Total Return	Pair Corr
0.75	FHTFX	Federated Municipal High	Pair Corr
0.73	WDIAX	Wilmington Diversified	Pair Corr
0.63	OGLIX	Oppenheimer Global	Pair Corr
0.69	MWTNX	Metropolitan West Total	Pair Corr
0.75	FSELX	Fidelity Select Semi	Pair Corr
0.77	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.72	RYCCX	Nasdaq 100 2x	Pair Corr
0.78	FPXIX	Fidelity Advisor 529	Pair Corr
0.73	GPICX	Guidepath Conservative	Pair Corr
0.72	IOGYX	Invesco Gold Special	Pair Corr

Moving against Arrow Mutual Fund

0.51

PCF

Putnam High Income

Pair Corr

Related Correlations Analysis

	FSAWX	PCNTX	NCV	XNCVX	GCV	ARBOX
FSAWX		0.64	0.86	0.81	0.87	0.98	FSAWX
PCNTX	0.64		0.83	0.96	0.87	0.55	PCNTX
NCV	0.86	0.83		0.92	0.89	0.83	NCV
XNCVX	0.81	0.96	0.92		0.92	0.74	XNCVX
GCV	0.87	0.87	0.89	0.92		0.81	GCV
ARBOX	0.98	0.55	0.83	0.74	0.81		ARBOX
	FSAWX	PCNTX	NCV	XNCVX	GCV	ARBOX

Risk-Adjusted Indicators

There is a big difference between Arrow Mutual Fund performing well and Arrow Managed 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 Arrow Managed'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
FSAWX	0.12	0.04	0.09	0.48	0.00	(0.17)	0.27	(0.17)	1.04
PCNTX	0.61	(0.03)	0.00	(0.02)	0.00	0.00	1.11	(1.51)	4.49
NCV	0.65	0.06	0.06	0.10	0.81	(0.63)	1.16	(1.46)	3.39
XNCVX	0.68	0.00	0.00	0.02	0.98	(0.69)	1.16	(1.74)	5.47
GCV	0.79	0.07	0.05	0.24	0.94	(0.85)	1.49	(1.71)	4.54
ARBOX	0.06	0.02	0.03	0.50	0.00	(0.10)	0.17	(0.08)	0.34

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