Aqr International Correlations

ANDRX Fund

USD 16.43 0.14 0.86%

The current 90-days correlation between Aqr International and Adams Diversified Equity is 0.52 (i.e., Very weak diversification). The correlation of Aqr International 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 International Correlation With Market

Very weak diversification

The correlation between Aqr International Defensive and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr International Defensive 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 International Defensive. 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 real.

Moving together with Aqr Mutual Fund

1.0	ANDNX	Aqr International	Pair Corr
1.0	ANDIX	Aqr International	Pair Corr

Moving against Aqr Mutual Fund

0.42	QMHIX	Aqr Managed Futures	Pair Corr
0.38	QMHRX	Aqr Managed Futures	Pair Corr
0.37	QMHNX	Aqr Managed Futures	Pair Corr
0.37	QMNNX	Aqr Equity Market	Pair Corr
0.37	QMNIX	Aqr Equity Market	Pair Corr
0.37	QMNRX	Aqr Equity Market	Pair Corr
0.31	QLENX	Aqr Long Short	Pair Corr
0.31	QLEIX	Aqr Long Short	Pair Corr
0.31	QLERX	Aqr Long Short	Pair Corr
0.43	AQMRX	Aqr Managed Futures	Pair Corr
0.38	AQMNX	Aqr Managed Futures	Pair Corr
0.38	AQMIX	Aqr Managed Futures	Pair Corr
0.35	QNZIX	Aqr Sustainable Long	Pair Corr
0.35	QNZRX	Aqr Sustainable Long	Pair Corr
0.35	QNZNX	Aqr Sustainable Long	Pair Corr
0.31	ARCNX	Aqr Risk Balanced	Pair Corr
0.31	ARCIX	Aqr Risk Balanced	Pair Corr
0.46	ADANX	Aqr Diversified Arbitrage	Pair Corr
0.46	ADAIX	Aqr Diversified Arbitrage	Pair Corr
0.32	QTERX	Aqr Tm Emerging	Pair Corr
0.31	QRCRX	Aqr Risk Balanced	Pair Corr
0.31	QRPRX	Aqr Alternative Risk	Pair Corr
0.31	QRPNX	Aqr Alternative Risk	Pair Corr
0.31	QRPIX	Aqr Alternative Risk	Pair Corr

Related Correlations Analysis

	XADEX	BDVFX	PLZTX	SRDAX	ELDFX	LIGFX
XADEX		0.86	0.87	0.68	0.89	0.86	XADEX
BDVFX	0.86		0.81	0.65	0.8	0.84	BDVFX
PLZTX	0.87	0.81		0.85	1.0	0.99	PLZTX
SRDAX	0.68	0.65	0.85		0.82	0.85	SRDAX
ELDFX	0.89	0.8	1.0	0.82		0.98	ELDFX
LIGFX	0.86	0.84	0.99	0.85	0.98		LIGFX
	XADEX	BDVFX	PLZTX	SRDAX	ELDFX	LIGFX

Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr International 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 International'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
XADEX	0.50	0.00	(0.02)	0.09	0.61	(0.52)	1.06	(1.02)	3.90
BDVFX	0.16	0.03	(0.20)	1.09	0.00	(0.29)	0.43	(0.32)	1.47
PLZTX	0.30	0.00	(0.09)	0.09	0.28	(0.35)	0.76	(0.47)	2.61
SRDAX	0.14	0.04	(0.24)	(0.52)	0.00	(0.18)	0.29	(0.29)	0.85
ELDFX	0.30	0.01	(0.07)	0.11	0.31	(0.33)	0.73	(0.53)	2.85
LIGFX	0.21	0.00	(0.24)	0.10	0.08	(0.25)	0.47	(0.35)	1.48

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