Astor Star Correlations
| ASPGX Fund | USD 14.93 0.02 0.13% |
The current 90-days correlation between Astor Star Fund and Astor Star Fund is 1.0 (i.e., No risk reduction). 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
Poor diversification
The correlation between Astor Star Fund and DJI is 0.77 (i.e., 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.
Astor |
Moving together with Astor Mutual Fund
| 1.0 | STARX | Astor Star Fund | PairCorr |
| 0.97 | ASTIX | Astor Long/short | PairCorr |
| 0.97 | ASTLX | Astor Long/short | PairCorr |
| 0.98 | ASTZX | Astor Long/short | PairCorr |
| 1.0 | CSPGX | Astor Star Fund | PairCorr |
| 0.96 | CISGX | Touchstone Sands Capital | PairCorr |
Moving against Astor Mutual Fund
| 0.35 | UGPIX | Ultrachina Profund | PairCorr |
| 0.51 | HIMZX | Virtus Low Duration | PairCorr |
| 0.46 | PRAPX | Pimco Total Return | PairCorr |
| 0.46 | SMCHX | Alpssmith Total Return | PairCorr |
| 0.42 | GQJPX | Gqg Partners Interna | PairCorr |
| 0.4 | UGPSX | Ultrachina Profund | PairCorr |
| 0.33 | OSIIX | Oppenheimer Global Strtgc | PairCorr |
| 0.98 | RYARX | Inverse Sp 500 | PairCorr |
| 0.57 | FSUGX | American Funds Government | PairCorr |
| 0.52 | BRAMX | Bats Series M | PairCorr |
| 0.52 | ACCOX | International Value | PairCorr |
Related Correlations Analysis
| 0.93 | 0.97 | -0.2 | 0.96 | STARX | ||
| 0.93 | 0.9 | -0.44 | 0.92 | SEUPX | ||
| 0.97 | 0.9 | -0.05 | 0.9 | ASTLX | ||
| -0.2 | -0.44 | -0.05 | -0.36 | GBATX | ||
| 0.96 | 0.92 | 0.9 | -0.36 | RYHOX | ||
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STARX | 0.65 | (0.03) | 0.00 | (0.11) | 0.00 | 1.08 | 3.98 | |||
| SEUPX | 0.93 | (0.06) | 0.00 | (0.13) | 0.00 | 1.45 | 4.59 | |||
| ASTLX | 0.40 | 0.00 | 0.00 | (0.07) | 0.00 | 0.71 | 2.13 | |||
| GBATX | 0.43 | 0.10 | 0.25 | 0.17 | 0.38 | 0.93 | 2.74 | |||
| RYHOX | 1.06 | (0.08) | 0.00 | (0.16) | 0.00 | 1.65 | 6.12 |