Aqr Large Correlations

AMOMX Fund

USD 20.67 0.04 0.19%

The current 90-days correlation between Aqr Large Cap and American Funds The is 0.59 (i.e., Very weak diversification). The correlation of Aqr Large 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.

Aqr Large Correlation With Market

Poor diversification

The correlation between Aqr Large Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Large Cap 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 Aqr Large Cap. 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 population.

Moving together with AQR Mutual Fund

0.92	AMONX	Aqr Large Cap	Pair Corr
0.95	QSERX	Aqr Small Cap	Pair Corr
0.95	QSMRX	Aqr Small Cap	Pair Corr
0.95	QSMLX	Aqr Small Cap	Pair Corr
0.95	QSMNX	Aqr Small Cap	Pair Corr
0.99	QCELX	Aqr Large Cap	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.95	GFACX	Growth Fund	Pair Corr
0.86	GFAFX	Growth Fund	Pair Corr
0.83	AGTHX	Growth Fund	Pair Corr
0.95	CGFFX	Growth Fund	Pair Corr
0.85	CGFCX	Growth Fund	Pair Corr
0.86	CGFAX	Growth Fund	Pair Corr
0.86	CGFEX	Growth Fund	Pair Corr
0.95	RGAEX	Growth Fund	Pair Corr
0.8	WRHIX	Ivy High Income	Pair Corr
0.8	WHIAX	Ivy High Income	Pair Corr
0.79	IHIFX	Ivy High Income	Pair Corr
0.79	IVHIX	Ivy High Income	Pair Corr

Moving against AQR Mutual Fund

0.57	QDARX	Aqr Diversified Arbitrage	Pair Corr
0.54	QGMIX	Aqr Global Macro	Pair Corr
0.45	QSPNX	Aqr Style Premia	Pair Corr
0.44	QMHIX	Aqr Managed Futures	Pair Corr
0.37	AQMNX	Aqr Managed Futures	Pair Corr
0.37	AQMIX	Aqr Managed Futures	Pair Corr
0.54	QGMNX	Aqr Global Macro	Pair Corr
0.38	WATCX	Western Asset Interm	Pair Corr
0.31	NWJJX	Nationwide Highmark Bond	Pair Corr

Related Correlations Analysis

	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX
FAFGX		1.0	1.0	0.91	0.88	1.0	0.91	0.91	0.91	1.0	FAFGX
FFAFX	1.0		1.0	0.91	0.88	1.0	0.91	0.91	0.91	1.0	FFAFX
GFACX	1.0	1.0		0.91	0.85	1.0	0.91	0.91	0.91	1.0	GFACX
GFAFX	0.91	0.91	0.91		0.79	0.91	1.0	1.0	1.0	0.91	GFAFX
AGTHX	0.88	0.88	0.85	0.79		0.87	0.76	0.79	0.79	0.88	AGTHX
CGFFX	1.0	1.0	1.0	0.91	0.87		0.91	0.91	0.91	1.0	CGFFX
CGFCX	0.91	0.91	0.91	1.0	0.76	0.91		1.0	1.0	0.91	CGFCX
CGFAX	0.91	0.91	0.91	1.0	0.79	0.91	1.0		1.0	0.91	CGFAX
CGFEX	0.91	0.91	0.91	1.0	0.79	0.91	1.0	1.0		0.91	CGFEX
RGAEX	1.0	1.0	1.0	0.91	0.88	1.0	0.91	0.91	0.91		RGAEX
	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX

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Risk-Adjusted Indicators

There is a big difference between AQR Mutual Fund performing well and Aqr Large 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 Aqr Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FAFGX	1.13	(0.17)	(0.26)	1.74	(2.35)	12.12
FFAFX	1.13	(0.17)	(0.26)	1.74	(2.35)	12.13
GFACX	1.15	(0.19)	(0.28)	1.73	(2.35)	13.23
GFAFX	1.13	(0.28)	0.55	1.56	(2.35)	12.57
AGTHX	1.00	(0.06)	(0.14)	1.75	(2.34)	5.58
CGFFX	1.13	(0.17)	(0.26)	1.73	(2.35)	12.28
CGFCX	1.15	(0.30)	0.56	1.55	(2.35)	13.65
CGFAX	1.13	(0.28)	0.55	1.56	(2.34)	12.63
CGFEX	1.13	(0.28)	0.55	1.56	(2.34)	12.77
RGAEX	1.13	(0.17)	(0.26)	1.74	(2.35)	12.20

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