Aqr Global Correlations

AQGRX Fund

USD 11.53 0.02 0.17%

The current 90-days correlation between Aqr Global Equity and Great West Moderately Servative is 0.15 (i.e., Average 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

Weak diversification

The correlation between Aqr Global Equity and DJI is 0.3 (i.e., Weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aqr Global Equity. 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 metropolitan statistical area.

Moving together with Aqr Mutual Fund

0.9	AMONX	Aqr Large Cap	Pair Corr
0.97	AMOMX	Aqr Large Cap	Pair Corr
0.66	ANDRX	Aqr International	Pair Corr
0.67	ANDNX	Aqr International	Pair Corr
0.68	ANDIX	Aqr International	Pair Corr
0.9	QMORX	Aqr Large Cap	Pair Corr
1.0	AQGNX	Aqr Global Equity	Pair Corr
1.0	AQGIX	Aqr Global Equity	Pair Corr
0.83	ASMOX	Aqr Small Cap	Pair Corr
0.88	ASMNX	Aqr Small Cap	Pair Corr
0.9	AUEIX	Aqr Large Cap	Pair Corr
0.9	AUENX	Aqr Large Cap	Pair Corr
0.86	QSERX	Aqr Small Cap	Pair Corr

Moving against Aqr Mutual Fund

0.43	QMHIX	Aqr Managed Futures	Pair Corr
0.33	QMNNX	Aqr Equity Market	Pair Corr
0.32	QMHRX	Aqr Managed Futures	Pair Corr
0.32	QMHNX	Aqr Managed Futures	Pair Corr
0.42	AQMNX	Aqr Managed Futures	Pair Corr
0.42	AQMIX	Aqr Managed Futures	Pair Corr
0.36	AQMRX	Aqr Managed Futures	Pair Corr
0.34	ADANX	Aqr Diversified Arbitrage	Pair Corr
0.33	ADAIX	Aqr Diversified Arbitrage	Pair Corr

Related Correlations Analysis

	MXDPX	JLAIX	JTMIX	TLIRX	WMBFX	PAKJX
MXDPX		0.96	0.97	0.96	0.91	0.87	MXDPX
JLAIX	0.96		0.99	0.98	0.92	0.87	JLAIX
JTMIX	0.97	0.99		0.99	0.94	0.91	JTMIX
TLIRX	0.96	0.98	0.99		0.96	0.93	TLIRX
WMBFX	0.91	0.92	0.94	0.96		0.95	WMBFX
PAKJX	0.87	0.87	0.91	0.93	0.95		PAKJX
	MXDPX	JLAIX	JTMIX	TLIRX	WMBFX	PAKJX

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
MXDPX	0.25	0.00	(0.01)	(0.01)	0.33	(0.36)	0.63	(0.61)	2.33
JLAIX	0.21	0.00	0.01	0.02	0.27	(0.27)	0.40	(0.39)	1.71
JTMIX	0.27	0.01	0.01	0.02	0.34	(0.31)	0.50	(0.48)	1.87
TLIRX	0.25	0.00	0.01	0.02	0.33	(0.27)	0.53	(0.44)	1.76
WMBFX	0.33	0.00	0.00	0.00	0.47	(0.35)	0.58	(0.59)	2.42
PAKJX	0.55	0.01	0.01	0.02	0.85	(0.53)	0.98	(1.24)	3.42

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC