Aqr Global Correlations
| AQGRX Fund | USD 11.32 0.01 0.09% |
The current 90-days correlation between Aqr Global Equity and Scharf Global Opportunity is 0.78 (i.e., Poor diversification). The correlation of Aqr Global 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 Global Correlation With Market
Poor diversification
The correlation between Aqr Global Equity and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Global Equity and DJI in the same portfolio, assuming nothing else is changed.
Aqr |
Moving together with Aqr Mutual Fund
| 0.66 | ANDRX | Aqr International | PairCorr |
| 0.66 | ANDNX | Aqr International | PairCorr |
| 0.66 | ANDIX | Aqr International | PairCorr |
| 0.66 | QLENX | Aqr Long Short | PairCorr |
| 0.66 | QLERX | Aqr Long Short | PairCorr |
| 1.0 | AQGNX | Aqr Global Equity | PairCorr |
| 1.0 | AQGIX | Aqr Global Equity | PairCorr |
| 0.8 | AQRRX | Aqr Risk Parity | PairCorr |
| 0.8 | AQRNX | Aqr Risk Parity | PairCorr |
| 0.8 | AQRIX | Aqr Risk Parity | PairCorr |
| 0.72 | QNZIX | Aqr Sustainable Long | PairCorr |
| 0.61 | ARCNX | Aqr Risk Balanced | PairCorr |
| 0.61 | ARCIX | Aqr Risk Balanced | PairCorr |
| 0.72 | QNZRX | Aqr Sustainable Long | PairCorr |
| 0.72 | QNZNX | Aqr Sustainable Long | PairCorr |
| 0.77 | AUEIX | Aqr Large Cap | PairCorr |
| 0.76 | AUENX | Aqr Large Cap | PairCorr |
| 0.61 | QRCRX | Aqr Risk Balanced | PairCorr |
| 0.63 | QRPRX | Aqr Alternative Risk | PairCorr |
| 0.63 | QRPNX | Aqr Alternative Risk | PairCorr |
| 0.63 | QRPIX | Aqr Alternative Risk | PairCorr |
Related Correlations Analysis
| 0.8 | 0.7 | 0.73 | 0.88 | 0.88 | 0.76 | WRLDX | ||
| 0.8 | 0.19 | 0.27 | 0.5 | 0.55 | 0.97 | VIPIX | ||
| 0.7 | 0.19 | 0.94 | 0.94 | 0.9 | 0.15 | JTSQX | ||
| 0.73 | 0.27 | 0.94 | 0.93 | 0.9 | 0.25 | WABMSX | ||
| 0.88 | 0.5 | 0.94 | 0.93 | 0.98 | 0.46 | TBLDX | ||
| 0.88 | 0.55 | 0.9 | 0.9 | 0.98 | 0.48 | CABIX | ||
| 0.76 | 0.97 | 0.15 | 0.25 | 0.46 | 0.48 | PRVBX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aqr Mutual Fund performing well and Aqr Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WRLDX | 0.64 | 0.04 | 0.00 | (0.01) | 0.00 | 1.24 | 2.96 | |||
| VIPIX | 0.22 | 0.03 | 0.32 | 0.51 | 0.16 | 0.53 | 1.30 | |||
| JTSQX | 0.65 | 0.00 | 0.00 | (0.07) | 0.00 | 1.22 | 3.69 | |||
| WABMSX | 0.62 | 0.05 | 0.09 | 0.02 | 0.81 | 1.38 | 3.66 | |||
| TBLDX | 0.37 | 0.01 | 0.00 | (0.05) | 0.00 | 0.70 | 2.12 | |||
| CABIX | 0.38 | 0.01 | 0.00 | (0.05) | 0.00 | 0.73 | 2.58 | |||
| PRVBX | 0.10 | 0.01 | 0.68 | 0.24 | 0.00 | 0.23 | 0.53 |