Aqr Small Correlations

Mutual Funds . USA . 
Fund . Aqr Small Cap
ASMOX Fund  USD 17.82  0.14  0.78%   
The current 90-days correlation between Aqr Small Cap and Aqr Large Cap is -0.17 (i.e., Good diversification). The correlation of Aqr Small 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 Small Correlation With Market

Good diversification

The correlation between Aqr Small Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Small 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 Small 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 persons.

Moving together with Aqr Mutual Fund

  0.83AMONX Aqr Large CapPairCorr
  0.84AMOMX Aqr Large CapPairCorr
  0.84QMORX Aqr Large CapPairCorr
  1.0ASMNX Aqr Small CapPairCorr

Moving against Aqr Mutual Fund

  0.65QMNIX Aqr Equity MarketPairCorr
  0.64QMHIX Aqr Managed FuturesPairCorr
  0.64QMHRX Aqr Managed FuturesPairCorr
  0.64QMHNX Aqr Managed FuturesPairCorr
  0.63ANDRX Aqr InternationalPairCorr
  0.63ANDIX Aqr InternationalPairCorr
  0.63QMNNX Aqr Equity MarketPairCorr
  0.63QMNRX Aqr Equity MarketPairCorr
  0.61ANDNX Aqr InternationalPairCorr
  0.47QLEIX Aqr Long ShortPairCorr
  0.47QLERX Aqr Long ShortPairCorr
  0.46QLENX Aqr Long ShortPairCorr
  0.57AQMRX Aqr Managed FuturesPairCorr
  0.57AQMNX Aqr Managed FuturesPairCorr
  0.57AQMIX Aqr Managed FuturesPairCorr
  0.78ADAIX Aqr Diversified ArbitragePairCorr
  0.77ADANX Aqr Diversified ArbitragePairCorr
  0.67QSPIX Aqr Style PremiaPairCorr
  0.66QSPNX Aqr Style PremiaPairCorr
  0.65QSPRX Aqr Style PremiaPairCorr
  0.57QRPIX Aqr Alternative RiskPairCorr

Related Correlations Analysis

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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   
DFVIX
+ 0.97
AIMOX
DFUVX
+ 0.74
AMOMX
DFVIX
+ 0.71
AQMIX
AQMIX
+ 0.7
AIMOX
DFUVX
+ 0.33
AIMOX
DFVIX
+ 0.17
DFUVX
  
High negative correlations   
DFVIX
- 0.37
AMOMX
AQMIX
- 0.31
AMOMX
AIMOX
- 0.19
AMOMX

Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Small 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 Small'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.

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