Aqr Risk-balanced Correlations
| QRCRX Fund | USD 9.40 0.03 0.32% |
The current 90-days correlation between Aqr Risk Balanced and Jhancock Global Equity is 0.07 (i.e., Significant diversification). The correlation of Aqr Risk-balanced 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 |
Moving together with Aqr Mutual Fund
| 0.62 | AMONX | Aqr Large Cap | PairCorr |
| 0.61 | QLENX | Aqr Long Short | PairCorr |
| 0.62 | QLERX | Aqr Long Short | PairCorr |
| 0.71 | AQRRX | Aqr Risk Parity | PairCorr |
| 0.81 | ARCNX | Aqr Risk Balanced | PairCorr |
| 0.81 | ARCIX | Aqr Risk Balanced | PairCorr |
| 0.61 | QSMRX | Aqr Small Cap | PairCorr |
| 0.66 | QTERX | Aqr Tm Emerging | PairCorr |
Related Correlations Analysis
| 0.98 | 0.82 | 0.98 | 0.96 | 0.45 | JGECX | ||
| 0.98 | 0.8 | 0.98 | 0.97 | 0.41 | ARTRX | ||
| 0.82 | 0.8 | 0.8 | 0.78 | 0.61 | BXFIX | ||
| 0.98 | 0.98 | 0.8 | 0.96 | 0.41 | BPGSX | ||
| 0.96 | 0.97 | 0.78 | 0.96 | 0.45 | CABIX | ||
| 0.45 | 0.41 | 0.61 | 0.41 | 0.45 | GMADX | ||
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Risk-Adjusted Indicators
There is a big difference between Aqr Mutual Fund performing well and Aqr Risk-balanced 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 Risk-balanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGECX | 0.45 | 0.17 | (0.09) | 24.90 | 0.23 | 1.10 | 3.07 | |||
| ARTRX | 0.53 | 0.19 | (0.09) | (18.68) | 0.12 | 1.64 | 3.25 | |||
| BXFIX | 0.09 | 0.03 | (1.58) | 2.72 | 0.00 | 0.24 | 0.82 | |||
| BPGSX | 0.48 | 0.20 | (0.03) | 3.94 | 0.36 | 1.27 | 2.94 | |||
| CABIX | 0.25 | 0.08 | (0.37) | (3.60) | 0.05 | 0.50 | 1.57 | |||
| GMADX | 0.49 | 0.08 | 0.01 | 0.34 | 0.08 | 1.62 | 3.02 |