Ariel Fund Correlations

ARGFX Fund

USD 71.51 0.83 1.17%

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

Very weak diversification

The correlation between Ariel Fund Investor and DJI is 0.41 (i.e., Very weak 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
0.97	AFOYX	Ariel Focus Fund	Pair Corr
0.93	AGLYX	Ariel Global	Pair Corr
0.93	AGLOX	Ariel Global	Pair Corr
1.0	CAAPX	Ariel Appreciation	Pair Corr
1.0	CAAIX	Ariel Appreciation	Pair Corr
0.95	VSIIX	Vanguard Small Cap	Pair Corr
0.96	VISVX	Vanguard Small Cap	Pair Corr
0.96	DFSVX	Us Small Cap	Pair Corr
0.96	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.96	AVFIX	American Beacon Small	Pair Corr
0.61	ASG	Liberty All Star	Pair Corr
0.88	IFN	India Closed	Pair Corr
0.65	USA	Liberty All Star	Pair Corr

Moving against Ariel Mutual Fund

0.74	RYAQX	Inverse Government Long	Pair Corr
0.6	OOSYX	Oppenheimer Senior	Pair Corr
0.57	SNPIX	Short Oil Gas	Pair Corr
0.57	PSDLX	Putnam Short Duration	Pair Corr
0.44	ACSUX	Short Duration	Pair Corr
0.43	EILMX	Eaton Vance Amt	Pair Corr
0.4	PGIPX	Pgim Esg Short	Pair Corr
0.35	CII	Blackrock Enhanced	Pair Corr

Related Correlations Analysis

	CAAPX	CFIMX	BGRFX	MASPX	TAVFX
CAAPX		0.82	0.97	0.89	0.84	CAAPX
CFIMX	0.82		0.77	0.79	0.92	CFIMX
BGRFX	0.97	0.77		0.81	0.8	BGRFX
MASPX	0.89	0.79	0.81		0.76	MASPX
TAVFX	0.84	0.92	0.8	0.76		TAVFX
	CAAPX	CFIMX	BGRFX	MASPX	TAVFX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CAAPX	0.77	(0.16)	(0.24)	1.14	(1.84)	10.37
CFIMX	0.70	(0.07)	(0.11)	1.17	(1.45)	9.33
BGRFX	0.86	(0.20)	(0.16)	1.19	(1.68)	12.71
MASPX	0.79	(0.09)	(0.13)	1.42	(1.44)	5.39
TAVFX	0.75	(0.10)	(0.21)	1.36	(1.61)	7.08

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