Aqr Managed Correlations

QMHNX Fund

USD 8.21 0.04 0.49%

The current 90-days correlation between Aqr Managed Futures and Growth Strategy Fund is 0.52 (i.e., Very weak diversification). The correlation of Aqr Managed 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 Managed Correlation With Market

Very weak diversification

The correlation between Aqr Managed Futures and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Managed Futures 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 Managed Futures. 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

1.0	QMHIX	Aqr Managed Futures	Pair Corr
1.0	QMHRX	Aqr Managed Futures	Pair Corr
0.99	AQMRX	Aqr Managed Futures	Pair Corr
0.99	AQMNX	Aqr Managed Futures	Pair Corr
0.99	AQMIX	Aqr Managed Futures	Pair Corr
0.72	AQRRX	Aqr Risk Parity	Pair Corr
0.7	AQRNX	Aqr Risk Parity	Pair Corr
0.71	AQRIX	Aqr Risk Parity	Pair Corr
0.81	QNZIX	Aqr Sustainable Long	Pair Corr
0.81	QNZRX	Aqr Sustainable Long	Pair Corr

Related Correlations Analysis

	RALRX	APDOX	EMSLX	FEMDX	EPASX	EMCIX
RALRX		0.84	0.45	0.86	0.4	0.47	RALRX
APDOX	0.84		0.42	0.97	0.39	0.48	APDOX
EMSLX	0.45	0.42		0.38	0.96	0.73	EMSLX
FEMDX	0.86	0.97	0.38		0.37	0.49	FEMDX
EPASX	0.4	0.39	0.96	0.37		0.82	EPASX
EMCIX	0.47	0.48	0.73	0.49	0.82		EMCIX
	RALRX	APDOX	EMSLX	FEMDX	EPASX	EMCIX

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Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Managed 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 Managed'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
RALRX	0.42	(0.03)	(0.12)	0.08	0.52	(0.44)	0.83	(0.83)	2.68
APDOX	0.15	0.01	(0.47)	0.21	0.08	(0.21)	0.39	(0.20)	1.45
EMSLX	0.75	(0.09)	0.00	(0.28)	0.00	0.00	1.76	(2.14)	6.36
FEMDX	0.15	0.03	(0.47)	0.56	0.00	(0.22)	0.42	(0.25)	1.08
EPASX	0.73	(0.01)	(0.11)	0.06	0.99	(0.77)	1.52	(1.67)	6.54
EMCIX	0.15	(0.01)	0.00	0.61	0.00	0.00	0.52	(0.34)	0.87

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Aqr Managed Correlations

Aqr Managed Correlation With Market

Very weak diversification

Moving together with Aqr Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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