Arrow Dwa Correlations
| DWTNX Fund | USD 9.60 0.09 0.93% |
The current 90-days correlation between Arrow Dwa Tactical and Qs Global Equity is 0.83 (i.e., Very poor diversification). The correlation of Arrow Dwa 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.
Arrow Dwa Correlation With Market
Modest diversification
The correlation between Arrow Dwa Tactical and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Dwa Tactical and DJI in the same portfolio, assuming nothing else is changed.
Arrow |
Moving together with Arrow Mutual Fund
| 0.78 | DWAFX | Arrow Dwa Balanced | PairCorr |
| 0.76 | DWATX | Arrow Dwa Balanced | PairCorr |
| 0.77 | DWANX | Arrow Dwa Balanced | PairCorr |
| 1.0 | DWTFX | Arrow Dwa Tactical | PairCorr |
| 1.0 | DWTTX | Arrow Dwa Tactical | PairCorr |
| 0.67 | ENGYX | Cboe Vest Sp | PairCorr |
| 0.76 | KSOCX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.61 | TIYRX | Tiaa-cref High-yield | PairCorr |
| 0.61 | FCNKX | Fidelity Trafund Class | PairCorr |
Moving against Arrow Mutual Fund
| 0.48 | USPSX | Profunds Ultrashort | PairCorr |
| 0.87 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.49 | USPIX | Profunds Ultrashort | PairCorr |
Related Correlations Analysis
| 0.14 | 0.81 | 0.85 | 0.82 | 0.78 | 0.8 | SMYIX | ||
| 0.14 | 0.3 | 0.39 | 0.48 | 0.6 | -0.29 | PEIEX | ||
| 0.81 | 0.3 | 0.89 | 0.87 | 0.72 | 0.48 | XAWFX | ||
| 0.85 | 0.39 | 0.89 | 0.89 | 0.8 | 0.48 | OWLSX | ||
| 0.82 | 0.48 | 0.87 | 0.89 | 0.78 | 0.41 | GBAYX | ||
| 0.78 | 0.6 | 0.72 | 0.8 | 0.78 | 0.46 | TACLX | ||
| 0.8 | -0.29 | 0.48 | 0.48 | 0.41 | 0.46 | DFELX | ||
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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 Arrow Mutual Fund performing well and Arrow Dwa 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 Arrow Dwa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMYIX | 0.62 | (0.02) | (0.02) | (0.02) | 1.08 | 1.07 | 4.86 | |||
| PEIEX | 0.74 | (0.07) | 0.00 | (2.64) | 0.00 | 1.36 | 12.80 | |||
| XAWFX | 0.12 | (0.02) | 0.00 | (3.93) | 0.00 | 0.18 | 0.88 | |||
| OWLSX | 0.58 | (0.07) | 0.00 | (1.65) | 0.00 | 0.91 | 6.97 | |||
| GBAYX | 0.29 | (0.04) | 0.00 | (0.35) | 0.00 | 0.52 | 2.22 | |||
| TACLX | 0.53 | (0.04) | 0.00 | (0.19) | 0.00 | 0.88 | 5.53 | |||
| DFELX | 0.58 | 0.03 | 0.02 | 0.18 | 0.84 | 1.21 | 5.57 |