Aqr Tm Correlations
| QTELX Fund | USD 10.63 0.10 0.95% |
The current 90-days correlation between Aqr Tm Emerging and American Century Diversified is 0.12 (i.e., Average diversification). The correlation of Aqr Tm 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 Tm Correlation With Market
Significant diversification
The correlation between Aqr Tm Emerging and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Tm Emerging and DJI in the same portfolio, assuming nothing else is changed.
Aqr |
Moving together with Aqr Mutual Fund
| 0.76 | ANDRX | Aqr International | PairCorr |
| 0.77 | ANDNX | Aqr International | PairCorr |
| 0.76 | ANDIX | Aqr International | PairCorr |
| 0.61 | AQGRX | Aqr Global Equity | PairCorr |
| 0.61 | AQGNX | Aqr Global Equity | PairCorr |
| 0.61 | AQGIX | Aqr Global Equity | PairCorr |
| 0.66 | AQRRX | Aqr Risk Parity | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aqr Mutual Fund performing well and Aqr Tm 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 Tm'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACDOX | 0.25 | 0.02 | 0.09 | (0.25) | 0.19 | 0.55 | 1.66 | |||
| WDIAX | 0.54 | 0.01 | 0.01 | 0.01 | 0.75 | 1.07 | 4.00 | |||
| LIGFX | 0.28 | 0.02 | 0.06 | 0.08 | 0.36 | 0.55 | 1.91 | |||
| FARIX | 0.31 | (0.02) | 0.00 | (0.33) | 0.00 | 0.54 | 1.81 | |||
| JPDVX | 0.45 | 0.00 | 0.01 | (0.28) | 0.71 | 0.71 | 3.13 | |||
| PRDAX | 0.40 | (0.02) | 0.00 | (0.06) | 0.00 | 0.87 | 2.74 | |||
| CDBCX | 0.24 | 0.02 | 0.07 | 0.26 | 0.20 | 0.66 | 1.55 |