The Arbitrage Correlations

Mutual Funds . USA . 
Fund . The Arbitrage Credit
ARCFX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Arbitrage Credit and The Arbitrage Fund is -0.32 (i.e., Very good diversification). The correlation of The Arbitrage 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.

The Arbitrage Correlation With Market

Good diversification

The correlation between The Arbitrage Credit and DJI is -0.16 (i.e., Good 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 census.

Moving together with The Mutual Fund

  0.88ARBCX The ArbitragePairCorr
  0.9ARGAX The ArbitragePairCorr
  0.99ACFIX Arbitrage CreditPairCorr
  0.91AEDFX Arbitrage EventPairCorr
  0.92AGEAX Arbitrage EventPairCorr
  0.86BSIKX Blackrock StrategicPairCorr
  0.85BSICX Blackrock Strategic OppsPairCorr
  0.87BASIX Blackrock Strategic OppsPairCorr
  0.87BSIIX Blackrock StrategicPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.94JSOAX Jpmorgan Strategic IncomePairCorr
  0.88PMZCX Pimco Mortgage OpporPairCorr
  0.84TEDPX Tiaa Cref EmergingPairCorr
  0.78GIGGX Deutsche GnmaPairCorr
  0.89XSWZX Swiss HelvetiaPairCorr
  0.81NHILX Neuberger Berman HighPairCorr
  0.86VTMGX Vanguard DevelopedPairCorr
  0.86DURIX Deutsche European EquityPairCorr
  0.64IRFIX Cohen Steers InternaPairCorr
  0.63BRKRX Mfs Blended ResearchPairCorr
  0.97CCLFX Cliffwater CorporatePairCorr
  0.68RBBCX Columbia Income BuilderPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Arbitrage 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 The Arbitrage'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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