Astor Long/short Correlations
| ASTLX Fund | USD 12.64 0.11 0.88% |
The current 90-days correlation between Astor Long/short and Blackrock Science Technology is -0.08 (i.e., Good diversification). The correlation of Astor Long/short 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 Long/short 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.
Astor |
Moving together with Astor Mutual Fund
| 0.92 | STARX | Astor Star Fund | PairCorr |
| 0.97 | ASPGX | Astor Star Fund | PairCorr |
| 1.0 | ASTIX | Astor Longshort | PairCorr |
| 0.93 | ASTZX | Astor Long/short | PairCorr |
| 0.9 | CSPGX | Astor Star Fund | PairCorr |
| 0.9 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.9 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.97 | VITSX | Vanguard Total Stock | PairCorr |
| 0.89 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.97 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.95 | VINIX | Vanguard Institutional | PairCorr |
| 0.89 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.64 | RNCIX | Rivernorth E Opportunity | PairCorr |
| 0.65 | HWACX | Hotchkis Wiley Value | PairCorr |
Moving against Astor Mutual Fund
| 0.55 | GF | New Germany Closed | PairCorr |
| 0.49 | VSGDX | Vanguard Short Term | PairCorr |
| 0.47 | USGDX | Morgan Stanley Government | PairCorr |
| 0.43 | PSDNX | Putnam Ultra Short | PairCorr |
| 0.39 | BISMX | Brandes International | PairCorr |
| 0.36 | HRBDX | Harbor Bond Fund | PairCorr |
| 0.33 | MEERX | Massmutual Premier | PairCorr |
| 0.32 | EPDPX | Europac International | PairCorr |
| 0.31 | VICSX | Vanguard Intermediate-ter | PairCorr |
Related Correlations Analysis
| 0.92 | 0.67 | 0.85 | 0.86 | 0.83 | 0.85 | BGSCX | ||
| 0.92 | 0.62 | 0.8 | 0.81 | 0.78 | 0.8 | JNGTX | ||
| 0.67 | 0.62 | 0.65 | 0.64 | 0.76 | 0.73 | TEFQX | ||
| 0.85 | 0.8 | 0.65 | 0.99 | 0.95 | 0.97 | RINCX | ||
| 0.86 | 0.81 | 0.64 | 0.99 | 0.94 | 0.97 | JAGTX | ||
| 0.83 | 0.78 | 0.76 | 0.95 | 0.94 | 0.97 | WFTDX | ||
| 0.85 | 0.8 | 0.73 | 0.97 | 0.97 | 0.97 | WSTRX | ||
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Risk-Adjusted Indicators
There is a big difference between Astor Mutual Fund performing well and Astor Long/short 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 Long/short'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BGSCX | 1.49 | (0.13) | 0.00 | (0.14) | 0.00 | 2.37 | 9.08 | |||
| JNGTX | 1.18 | (0.15) | 0.00 | 0.50 | 0.00 | 2.00 | 6.41 | |||
| TEFQX | 1.71 | 0.04 | 0.01 | (0.01) | 2.52 | 2.97 | 10.40 | |||
| RINCX | 1.47 | (0.17) | 0.00 | 0.69 | 0.00 | 2.79 | 8.21 | |||
| JAGTX | 1.19 | (0.13) | 0.00 | 1.36 | 0.00 | 2.00 | 6.40 | |||
| WFTDX | 0.92 | (0.07) | 0.00 | 8.78 | 0.00 | 1.87 | 4.98 | |||
| WSTRX | 1.32 | (0.09) | 0.00 | 1.19 | 0.00 | 2.25 | 7.04 |