Ariel Fund Correlations

ARGFX Fund

USD 67.14 0.21 0.31%

The current 90-days correlation between Ariel Fund Investor and Ariel Appreciation Fund is 0.98 (i.e., Almost no diversification). The correlation of Ariel Fund 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.

Ariel Fund Correlation With Market

Good diversification

The correlation between Ariel Fund Investor and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ariel Fund Investor 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 Ariel Fund Investor. 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 Ariel Mutual Fund

1.0	ARAIX	Ariel Fund Institutional	Pair Corr
0.97	ARFFX	Ariel Focus Fund	Pair Corr
0.95	AFOYX	Ariel Focus Fund	Pair Corr
0.99	CAAPX	Ariel Appreciation	Pair Corr
0.99	CAAIX	Ariel Appreciation	Pair Corr
0.78	VSIIX	Vanguard Small Cap	Pair Corr
0.78	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.78	UBVCX	Undiscovered Managers	Pair Corr
0.78	UBVAX	Undiscovered Managers	Pair Corr
0.78	UBVSX	Undiscovered Managers	Pair Corr
0.99	AVFIX	American Beacon Small	Pair Corr

Moving against Ariel Mutual Fund

0.57	AINTX	Ariel International	Pair Corr
0.43	AINIX	Ariel International	Pair Corr
0.62	FAUDX	Strategic Advisers Short	Pair Corr
0.61	IOSAX	Voya Global Bond	Pair Corr
0.58	BFCCX	American Funds Porate	Pair Corr
0.56	MXECX	Great-west Core	Pair Corr
0.56	AVBNX	American Century Etf	Pair Corr
0.51	FIVOX	Fidelity International	Pair Corr
0.51	VCRCX	Mainstay Cbre Global	Pair Corr
0.49	VZICX	Vanguard International	Pair Corr
0.4	VMNVX	Vanguard Global Minimum	Pair Corr
0.39	VMSSX	Virtus Multi Sector	Pair Corr
0.32	CMBFX	Columbia Amt Free	Pair Corr
0.71	RBOHX	Intermediate Bond	Pair Corr
0.7	MQLCX	Mfs Limited Maturity	Pair Corr

Related Correlations Analysis

	CAAPX	CFIMX	BGRFX	MASPX	TAVFX
CAAPX		0.6	0.95	0.98	-0.3	CAAPX
CFIMX	0.6		0.53	0.53	0.37	CFIMX
BGRFX	0.95	0.53		0.94	-0.35	BGRFX
MASPX	0.98	0.53	0.94		-0.35	MASPX
TAVFX	-0.3	0.37	-0.35	-0.35		TAVFX
	CAAPX	CFIMX	BGRFX	MASPX	TAVFX

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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

MASPX	+ 0.98	CAAPX
BGRFX	+ 0.95	CAAPX
MASPX	+ 0.94	BGRFX
CFIMX	+ 0.6	CAAPX
BGRFX	+ 0.53	CFIMX
MASPX	+ 0.53	CFIMX

High negative correlations

TAVFX	- 0.35	MASPX
TAVFX	- 0.35	BGRFX
TAVFX	- 0.3	CAAPX

Risk-Adjusted Indicators

There is a big difference between Ariel Mutual Fund performing well and Ariel Fund 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 Ariel Fund'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
CAAPX	0.82	0.00	0.00	0.00	0.00	0.00	1.26	(2.09)	4.37
CFIMX	0.74	0.04	0.00	(0.03)	0.00	0.00	1.49	(1.63)	4.37
BGRFX	0.77	(0.11)	0.00	2.46	0.00	0.00	1.40	(1.45)	3.72
MASPX	0.94	(0.13)	0.00	1.48	0.00	0.00	1.60	(1.98)	4.88
TAVFX	0.75	0.09	0.10	0.08	1.04	(0.69)	1.68	(1.61)	6.50

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