Arbitrage Credit Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Credit
AGCAX Fund  USD 9.81  0.01  0.10%   
The current 90-days correlation between Arbitrage Credit and Prudential High Yield is -0.01 (i.e., Good 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

Significant diversification

The correlation between The Arbitrage Credit and DJI is 0.01 (i.e., Significant 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Arbitrage Credit. 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 nation.

Moving together with Arbitrage Mutual Fund

  0.86ARBNX The ArbitragePairCorr
  0.86ARBFX The ArbitragePairCorr
  0.81ARBCX The ArbitragePairCorr
  0.98ARCFX Arbitrage CreditPairCorr
  0.85ARGAX The ArbitragePairCorr
  0.99ACFIX Arbitrage CreditPairCorr
  0.91AEDNX Arbitrage EventPairCorr
  0.9AEDFX Arbitrage EventPairCorr
  0.91AGEAX Arbitrage EventPairCorr
  0.71BSIKX Blackrock StrategicPairCorr
  0.64BSICX Blackrock Strategic OppsPairCorr
  0.67BASIX Blackrock Strategic OppsPairCorr
  0.71BSIIX Blackrock StrategicPairCorr
  0.91JSORX Jpmorgan Strategic IncomePairCorr
  0.91JSOZX Jpmorgan Strategic IncomePairCorr
  0.88JSOCX Jpmorgan Strategic IncomePairCorr
  0.9JSOSX Jpmorgan Strategic IncomePairCorr
  0.91JSOAX Jpmorgan Strategic IncomePairCorr
  0.62PMZCX Pimco Mortgage OpporPairCorr
  0.85BLDCX Blackrock Low DurationPairCorr
  0.97SIGZX Seix Govt SecPairCorr
  0.92RSFYX Victory Floating RatePairCorr
  0.8PLMPX Pimco Emerging MarketsPairCorr
  0.84JSHNX Janus Short TermPairCorr
  0.86VFSUX Vanguard Short TermPairCorr
  0.73VWEHX Vanguard High YieldPairCorr
  0.82CIHYX Calamos High IncomePairCorr

Moving against Arbitrage Mutual Fund

  0.52PQTAX Pimco Trends ManagedPairCorr
  0.51PQTIX Aa Pimco TrPairCorr
  0.48PQTNX Pimco Trends ManagedPairCorr

Related Correlations Analysis

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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.

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