Astor Longshort Correlations

ASTIX Fund

USD 12.72 0.11 0.87%

The current 90-days correlation between Astor Longshort and Ab High Income is -0.25 (i.e., Very good diversification). The correlation of Astor Longshort 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 Longshort Correlation With Market

Good diversification

The correlation between Astor Longshort Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astor Longshort 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 Longshort 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 gross domestic product.

Moving together with Astor Mutual Fund

0.92	STARX	Astor Star Fund	Pair Corr
0.97	ASPGX	Astor Star Fund	Pair Corr
1.0	ASTLX	Astor Long/short	Pair Corr
0.93	ASTZX	Astor Long/short	Pair Corr
0.9	CSPGX	Astor Star Fund	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VINIX	Vanguard Institutional	Pair Corr
0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.65	RNCIX	Rivernorth E Opportunity	Pair Corr
0.66	HWACX	Hotchkis Wiley Value	Pair Corr

Moving against Astor Mutual Fund

0.54	GF	New Germany Closed	Pair Corr
0.47	VSGDX	Vanguard Short Term	Pair Corr
0.45	USGDX	Morgan Stanley Government	Pair Corr
0.42	PSDNX	Putnam Ultra Short	Pair Corr
0.38	BISMX	Brandes International	Pair Corr
0.34	HRBDX	Harbor Bond Fund	Pair Corr
0.32	MEERX	Massmutual Premier	Pair Corr

Related Correlations Analysis

	ABTHX	BXHCX	ARCIX	PHDTX	PBHAX	ARTFX	FYAIX
ABTHX		0.85	0.4	0.88	0.83	0.82	0.59	ABTHX
BXHCX	0.85		0.57	0.95	0.93	0.98	0.7	BXHCX
ARCIX	0.4	0.57		0.59	0.52	0.62	0.69	ARCIX
PHDTX	0.88	0.95	0.59		0.94	0.94	0.7	PHDTX
PBHAX	0.83	0.93	0.52	0.94		0.94	0.63	PBHAX
ARTFX	0.82	0.98	0.62	0.94	0.94		0.67	ARTFX
FYAIX	0.59	0.7	0.69	0.7	0.63	0.67		FYAIX
	ABTHX	BXHCX	ARCIX	PHDTX	PBHAX	ARTFX	FYAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Astor Mutual Fund performing well and Astor Longshort 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 Longshort'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
ABTHX	0.25	(0.01)	0.00	(0.63)	0.00	0.00	0.49	(0.59)	1.64
BXHCX	0.13	0.00	0.13	0.05	0.14	(0.19)	0.37	(0.37)	1.00
ARCIX	0.51	0.13	0.20	45.86	0.49	(0.57)	1.21	(1.02)	4.94
PHDTX	0.12	0.00	0.14	0.08	0.13	(0.15)	0.22	(0.23)	0.79
PBHAX	0.16	0.02	0.20	0.20	0.00	(0.29)	0.41	(0.21)	1.26
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
FYAIX	0.21	0.01	0.19	(0.93)	0.20	(0.22)	0.43	(0.40)	1.44

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC