Arrow Managed Correlations

MFTFX Fund

USD 5.42 0.02 0.37%

The current 90-days correlation between Arrow Managed Futures and Mfs Diversified Income is -0.13 (i.e., Good diversification). The correlation of Arrow Managed 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 Managed Correlation With Market

Significant diversification

The correlation between Arrow Managed Futures and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Arrow Managed Futures. 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 census.

Moving together with Arrow Mutual Fund

1.0	MFTNX	Arrow Managed Futures	Pair Corr
1.0	MFTTX	Arrow Managed Futures	Pair Corr
0.72	DWAFX	Arrow Dwa Balanced	Pair Corr
0.73	DWATX	Arrow Dwa Balanced	Pair Corr
0.71	DWANX	Arrow Dwa Balanced	Pair Corr
0.7	DWTNX	Arrow Dwa Tactical	Pair Corr
0.7	DWTFX	Arrow Dwa Tactical	Pair Corr
0.71	DWTTX	Arrow Dwa Tactical	Pair Corr
0.61	AHLPX	American Beacon Ahl	Pair Corr
0.76	AMFNX	Asg Managed Futures	Pair Corr
0.77	ABYCX	Abbey Capital Futures	Pair Corr
0.78	ABYAX	Abbey Capital Futures	Pair Corr
0.78	ABYIX	Abbey Capital Futures	Pair Corr
0.76	AMFAX	Asg Managed Futures	Pair Corr
0.76	ASFYX	Asg Managed Futures	Pair Corr

Moving against Arrow Mutual Fund

0.44	HILIX	Hartford Interna	Pair Corr
0.43	TAIBX	Prudential E Bond	Pair Corr
0.42	HLDIX	Hartford Emerging	Pair Corr
0.42	HLDAX	Hartford Emerging	Pair Corr
0.42	HLDCX	Hartford Emerging	Pair Corr
0.42	HLDTX	Hartford Emerging	Pair Corr
0.4	HLDRX	Hartford Emerging	Pair Corr
0.4	LASNX	Loomis Sayles Strategic	Pair Corr
0.38	SWRSX	Schwab Treasury Inflation	Pair Corr
0.35	BXEAX	Barings Emerging Markets	Pair Corr
0.34	BXEIX	Barings Emerging Markets	Pair Corr
0.33	BXECX	Barings Emerging Markets	Pair Corr

Related Correlations Analysis

	DIFIX	FZABX	HIIDX	CDBCX	DLTZX	PGFCX	FHCOX
DIFIX		0.9	0.93	0.95	0.92	0.82	0.84	DIFIX
FZABX	0.9		0.97	0.79	0.83	0.8	0.84	FZABX
HIIDX	0.93	0.97		0.86	0.87	0.76	0.84	HIIDX
CDBCX	0.95	0.79	0.86		0.95	0.7	0.83	CDBCX
DLTZX	0.92	0.83	0.87	0.95		0.63	0.94	DLTZX
PGFCX	0.82	0.8	0.76	0.7	0.63		0.57	PGFCX
FHCOX	0.84	0.84	0.84	0.83	0.94	0.57		FHCOX
	DIFIX	FZABX	HIIDX	CDBCX	DLTZX	PGFCX	FHCOX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Arrow Mutual Fund performing well and Arrow Managed 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 Managed'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
DIFIX	0.28	0.01	0.10	0.03	0.35	(0.33)	0.58	(0.57)	1.51
FZABX	0.74	0.09	0.10	0.11	1.00	(0.72)	1.45	(1.37)	6.16
HIIDX	0.62	0.08	0.10	0.10	0.82	(0.64)	1.27	(0.97)	5.23
CDBCX	0.24	0.00	0.12	0.16	0.24	(0.30)	0.56	(0.44)	1.34
DLTZX	0.08	0.01	0.27	0.80	0.00	(0.18)	0.26	(0.13)	0.64
PGFCX	0.29	(0.01)	0.06	0.08	0.39	(0.35)	0.67	(0.48)	1.75
FHCOX	0.05	0.01	0.00	(0.52)	0.00	0.00	0.10	(0.10)	0.51

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