Astor Long/short Correlations

ASTZX Fund

USD 11.64 0.11 0.95%

The current 90-days correlation between Astor Long/short and Tiaa Cref Mid Cap Value is 0.79 (i.e., Poor 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

Very poor diversification

The correlation between Astor Longshort Fund and DJI is 0.81 (i.e., Very poor 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 nation.

Moving together with Astor Mutual Fund

0.98	STARX	Astor Star Fund	Pair Corr
0.9	ASPGX	Astor Star Fund	Pair Corr
0.93	ASTIX	Astor Longshort	Pair Corr
0.93	ASTLX	Astor Long/short	Pair Corr
0.98	CSPGX	Astor Star Fund	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.62	RNCIX	Rivernorth E Opportunity	Pair Corr

Moving against Astor Mutual Fund

0.54	GF	New Germany Closed	Pair Corr
0.48	VSGDX	Vanguard Short Term	Pair Corr
0.43	PSDNX	Putnam Ultra Short	Pair Corr
0.38	USGDX	Morgan Stanley Government	Pair Corr
0.37	BISMX	Brandes International	Pair Corr
0.31	EPDPX	Europac International	Pair Corr

Related Correlations Analysis

	TIMVX	LVAQX	AFDVX	ARSVX	FTHSX	UCPIX	IAAEX	CSCVX
TIMVX		0.87	0.87	0.89	0.84	-0.84	0.33	0.08	TIMVX
LVAQX	0.87		0.93	0.68	0.71	-0.66	0.57	0.3	LVAQX
AFDVX	0.87	0.93		0.74	0.75	-0.72	0.45	0.3	AFDVX
ARSVX	0.89	0.68	0.74		0.92	-0.95	-0.02	-0.24	ARSVX
FTHSX	0.84	0.71	0.75	0.92		-0.91	-0.09	-0.25	FTHSX
UCPIX	-0.84	-0.66	-0.72	-0.95	-0.91		0.13	0.27	UCPIX
IAAEX	0.33	0.57	0.45	-0.02	-0.09	0.13		0.7	IAAEX
CSCVX	0.08	0.3	0.3	-0.24	-0.25	0.27	0.7		CSCVX
	TIMVX	LVAQX	AFDVX	ARSVX	FTHSX	UCPIX	IAAEX	CSCVX

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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

AFDVX	+ 0.93	LVAQX
FTHSX	+ 0.92	ARSVX
ARSVX	+ 0.89	TIMVX
LVAQX	+ 0.87	TIMVX
AFDVX	+ 0.87	TIMVX
FTHSX	+ 0.84	TIMVX

High negative correlations

UCPIX	- 0.95	ARSVX
UCPIX	- 0.91	FTHSX
UCPIX	- 0.84	TIMVX
UCPIX	- 0.72	AFDVX
UCPIX	- 0.66	LVAQX
CSCVX	- 0.25	FTHSX

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
TIMVX	0.79	(0.04)	0.00	(0.08)	0.00	0.00	1.41	(1.75)	3.55
LVAQX	0.86	(0.13)	0.00	(0.19)	0.00	0.00	1.58	(1.87)	3.75
AFDVX	0.81	(0.17)	0.00	1.51	0.00	0.00	1.55	(1.93)	4.58
ARSVX	0.67	(0.04)	0.00	(0.09)	0.00	0.00	1.19	(1.50)	3.39
FTHSX	0.88	(0.09)	0.00	6.17	0.00	0.00	1.71	(1.90)	4.02
UCPIX	1.83	0.24	0.16	(0.16)	1.91	(2.14)	4.57	(3.25)	10.95
IAAEX	0.81	(0.11)	0.00	(0.26)	0.00	0.00	1.41	(1.48)	9.17
CSCVX	0.43	(0.09)	0.00	1.76	0.00	0.00	0.97	(1.23)	4.53

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