Aqr Global Correlations

Mutual Funds . USA . 
Fund . Aqr Global Macro
QGMNX Fund  USD 10.07  0.02  0.20%   
The current 90-days correlation between Aqr Global Macro and Oaktree Diversifiedome is 0.06 (i.e., Significant diversification). The correlation of Aqr Global 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 Global Correlation With Market

Very good diversification

The correlation between Aqr Global Macro and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Global Macro and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aqr Global Macro. 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

  0.9ANDRX Aqr InternationalPairCorr
  0.9ANDNX Aqr InternationalPairCorr
  0.9ANDIX Aqr InternationalPairCorr
  0.88QLENX Aqr Long ShortPairCorr
  0.88QLEIX Aqr Long ShortPairCorr
  0.87QLERX Aqr Long ShortPairCorr
  0.91QMHIX Aqr Managed FuturesPairCorr
  0.91QMHRX Aqr Managed FuturesPairCorr
  0.91QMHNX Aqr Managed FuturesPairCorr
  0.95QMNNX Aqr Equity MarketPairCorr
  0.95QMNIX Aqr Equity MarketPairCorr
  0.95QMNRX Aqr Equity MarketPairCorr
  0.86AQMRX Aqr Managed FuturesPairCorr
  0.86AQMNX Aqr Managed FuturesPairCorr
  0.86AQMIX Aqr Managed FuturesPairCorr
  0.7ARCNX Aqr Risk BalancedPairCorr
  0.71ARCIX Aqr Risk BalancedPairCorr
  0.71QRCRX Aqr Risk BalancedPairCorr
  0.97ADANX Aqr Diversified ArbitragePairCorr
  0.97ADAIX Aqr Diversified ArbitragePairCorr
  0.93QRPRX Aqr Alternative RiskPairCorr
  0.93QRPNX Aqr Alternative RiskPairCorr
  0.93QRPIX Aqr Alternative RiskPairCorr

Moving against Aqr Mutual Fund

  0.55AMOMX Aqr Large CapPairCorr
  0.55QMORX Aqr Large CapPairCorr
  0.54AMONX Aqr Large CapPairCorr
  0.68ASMOX Aqr Small CapPairCorr
  0.68ASMNX Aqr Small CapPairCorr
  0.67QSMRX Aqr Small CapPairCorr
  0.67QSMLX Aqr Small CapPairCorr
  0.67QSMNX Aqr Small CapPairCorr
  0.66QSERX Aqr Small CapPairCorr
  0.56QCERX Aqr Large CapPairCorr
  0.56QCELX Aqr Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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