Astor Star Correlations

CSPGX Fund

USD 13.16 0.02 0.15%

The current 90-days correlation between Astor Star Fund and T Rowe Price is 0.42 (i.e., Very weak diversification). 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 0.78 (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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astor Star 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 price.

Moving together with Astor Mutual Fund

1.0	STARX	Astor Star Fund	Pair Corr
1.0	ASPGX	Astor Star Fund	Pair Corr
0.96	ASTIX	Astor Long/short	Pair Corr
0.97	ASTLX	Astor Long/short	Pair Corr
0.97	ASTZX	Astor Long/short	Pair Corr
0.96	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Astor Mutual Fund

0.37	UGPIX	Ultrachina Profund	Pair Corr
0.52	HIMZX	Virtus Low Duration	Pair Corr
0.48	PRAPX	Pimco Total Return	Pair Corr
0.47	SMCHX	Alpssmith Total Return	Pair Corr
0.43	GQJPX	Gqg Partners Interna	Pair Corr
0.41	UGPSX	Ultrachina Profund	Pair Corr
0.35	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.31	FHKCX	Fidelity China Region	Pair Corr
0.98	RYARX	Inverse Sp 500	Pair Corr
0.58	FSUGX	American Funds Government	Pair Corr
0.53	BRAMX	Bats Series M	Pair Corr
0.42	BORIX	Collegeadvantage 529	Pair Corr

Related Correlations Analysis

	PAREX	XPGZX	DFREX	SAREX	NMMRF	FIKMX	VGSIX
PAREX		0.9	0.99	0.99	0.46	0.9	0.98	PAREX
XPGZX	0.9		0.88	0.88	0.68	0.95	0.86	XPGZX
DFREX	0.99	0.88		1.0	0.45	0.88	0.99	DFREX
SAREX	0.99	0.88	1.0		0.43	0.87	0.99	SAREX
NMMRF	0.46	0.68	0.45	0.43		0.73	0.39	NMMRF
FIKMX	0.9	0.95	0.88	0.87	0.73		0.87	FIKMX
VGSIX	0.98	0.86	0.99	0.99	0.39	0.87		VGSIX
	PAREX	XPGZX	DFREX	SAREX	NMMRF	FIKMX	VGSIX

Click cells to compare fundamentals

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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
PAREX	0.87	0.07	0.08	0.04	1.12	(0.85)	1.65	(1.80)	4.47
XPGZX	0.31	0.04	0.22	0.14	0.35	(0.33)	0.70	(0.70)	1.72
DFREX	0.84	0.08	0.09	0.06	1.06	(0.83)	1.58	(1.83)	4.48
SAREX	0.84	0.08	0.09	0.06	1.07	(0.86)	1.59	(1.83)	4.54
NMMRF	0.08	0.02	0.00	(0.34)	0.00	0.00	0.00	0.00	2.35
FIKMX	0.25	0.05	0.30	0.21	0.19	(0.29)	0.58	(0.42)	1.10
VGSIX	0.84	0.09	0.09	0.06	1.09	(0.79)	1.64	(1.71)	4.57

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