Aqr Large Correlations

Mutual Funds . USA . 
Fund . Aqr Large Cap
AUENX Fund  USD 20.89  0.06  0.29%   
The current 90-days correlation between Aqr Large Cap and Aqr Large Cap is -0.1 (i.e., Good diversification). The correlation of Aqr Large 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 Large Correlation With Market

Poor diversification

The correlation between Aqr Large Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Large 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 Large 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 board of governors.

Moving together with Aqr Mutual Fund

  0.72ANDRX Aqr InternationalPairCorr
  0.7ANDNX Aqr InternationalPairCorr
  0.72ANDIX Aqr InternationalPairCorr
  0.82QLENX Aqr Long ShortPairCorr
  0.82QLEIX Aqr Long ShortPairCorr
  0.82QLERX Aqr Long ShortPairCorr
  0.66QMNNX Aqr Equity MarketPairCorr
  0.63QMNIX Aqr Equity MarketPairCorr
  0.66QMNRX Aqr Equity MarketPairCorr
  0.92AQGRX Aqr Global EquityPairCorr
  0.92AQGNX Aqr Global EquityPairCorr
  0.84AQGIX Aqr Global EquityPairCorr
  0.87AQRRX Aqr Risk ParityPairCorr
  0.86AQRNX Aqr Risk ParityPairCorr
  0.85AQRIX Aqr Risk ParityPairCorr
  0.74QNZIX Aqr Sustainable LongPairCorr
  0.75ARCNX Aqr Risk BalancedPairCorr
  0.65ARCIX Aqr Risk BalancedPairCorr
  0.76QNZRX Aqr Sustainable LongPairCorr
  0.79QNZNX Aqr Sustainable LongPairCorr
  0.91AUEIX Aqr Large CapPairCorr
  0.75QRCRX Aqr Risk BalancedPairCorr
  0.75QRPRX Aqr Alternative RiskPairCorr
  0.75QRPNX Aqr Alternative RiskPairCorr
  0.75QRPIX 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   
QUERX
+ 0.91
AUEIX
QUERX
+ 0.91
DSENX
DSENX
+ 0.83
AUEIX
QLENX
+ 0.82
QUERX
QLENX
+ 0.75
AUEIX
QLENX
+ 0.65
DSENX
  
High negative correlations   
QLENX
- 0.26
EGFFX

Risk-Adjusted Indicators

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