Aew Real Correlations

NRCFX Fund

USD 12.63 0.09 0.72%

The current 90-days correlation between Aew Real Estate and Aqr Sustainable Long Short is 0.11 (i.e., Average diversification). The correlation of Aew Real 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.

Aew Real Correlation With Market

Very weak diversification

The correlation between Aew Real Estate and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aew Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Aew Real Estate. 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 Aew Mutual Fund

0.64	NOANX	Natixis Oakmark	Pair Corr
0.87	LGBCX	Loomis Sayles Investment	Pair Corr
0.89	LGBNX	Loomis Sayles Investment	Pair Corr
0.7	LGMAX	Loomis Sayles Global	Pair Corr
0.9	LGMNX	Loomis Sayles Global	Pair Corr
0.71	LGRCX	Loomis Sayles Growth	Pair Corr
0.63	LGRNX	Loomis Sayles Growth	Pair Corr
0.66	LGRRX	Loomis Sayles Growth	Pair Corr
0.77	VNVYX	Vaughan Nelson Value	Pair Corr
0.9	LIGAX	Loomis Sayles Investment	Pair Corr
0.9	LIGRX	Loomis Sayles Investment	Pair Corr
0.83	NRFAX	Aew Real Estate	Pair Corr
0.93	NRFNX	Aew Real Estate	Pair Corr
0.95	NRFYX	Aew Real Estate	Pair Corr
0.69	NSFLX	Natixis Sustainable	Pair Corr
0.64	NSFKX	Natixis Sustainable	Pair Corr
0.68	NSFJX	Natixis Sustainable Potential Growth	Pair Corr

Moving against Aew Mutual Fund

0.58	AMFNX	Asg Managed Futures	Pair Corr
0.39	AMFAX	Asg Managed Futures	Pair Corr

Related Correlations Analysis

	QNZIX	ESFCX	TRSTX	DULTX	CRDSX	AOUNX
QNZIX		0.77	0.84	0.84	0.82	0.84	QNZIX
ESFCX	0.77		0.81	0.84	0.87	0.86	ESFCX
TRSTX	0.84	0.81		0.98	0.93	0.95	TRSTX
DULTX	0.84	0.84	0.98		0.89	0.96	DULTX
CRDSX	0.82	0.87	0.93	0.89		0.94	CRDSX
AOUNX	0.84	0.86	0.95	0.96	0.94		AOUNX
	QNZIX	ESFCX	TRSTX	DULTX	CRDSX	AOUNX

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Risk-Adjusted Indicators

There is a big difference between Aew Mutual Fund performing well and Aew Real 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 Aew Real'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
QNZIX	0.59	0.10	0.11	2.07	0.71	(0.59)	1.09	(1.20)	3.40
ESFCX	0.17	0.02	0.04	0.29	0.12	(0.26)	0.43	(0.43)	1.08
TRSTX	0.06	0.01	0.00	(0.78)	0.00	0.00	0.20	0.00	0.80
DULTX	0.04	0.01	0.00	(0.60)	0.00	0.00	0.10	0.00	0.61
CRDSX	0.07	0.01	0.06	(0.55)	0.00	(0.13)	0.21	(0.10)	0.42
AOUNX	0.06	0.01	0.00	(2.29)	0.00	0.00	0.10	(0.10)	0.52

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