Ariel International Correlations

AINIX Fund

USD 14.33 0.04 0.28%

The current 90-days correlation between Ariel International and Ariel Fund Institutional is -0.08 (i.e., Good diversification). The correlation of Ariel 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.

Ariel International Correlation With Market

Modest diversification

The correlation between Ariel International Fund and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ariel International Fund 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 Ariel International Fund. 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 gross domestic product.

Moving together with Ariel Mutual Fund

1.0	AINTX	Ariel International	Pair Corr
0.83	OANIX	Oakmark International	Pair Corr
0.92	OAKIX	Oakmark International	Pair Corr
0.83	OAYIX	Oakmark International	Pair Corr
0.83	OAZIX	Oakmark International	Pair Corr
0.86	FINVX	Fidelity Series Inte	Pair Corr
0.76	VTRIX	Vanguard International	Pair Corr
0.91	RRIGX	T Rowe Price	Pair Corr

Moving against Ariel Mutual Fund

0.67	ARAIX	Ariel Fund Institutional	Pair Corr
0.65	CAAIX	Ariel Appreciation	Pair Corr
0.64	ARGFX	Ariel Fund Investor	Pair Corr
0.62	ARFFX	Ariel Focus Fund	Pair Corr
0.62	CAAPX	Ariel Appreciation	Pair Corr
0.61	AFOYX	Ariel Focus Fund	Pair Corr
0.44	SMPIX	Semiconductor Ultrasector	Pair Corr
0.81	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.81	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.68	GRSPX	Greenspring Fund Retail	Pair Corr
0.6	FNCMX	Fidelity Nasdaq Posite	Pair Corr
0.58	USPRX	Sp 500 Index	Pair Corr
0.56	VFIAX	Vanguard 500 Index	Pair Corr
0.54	CLXRX	Columbia Large Cap	Pair Corr
0.54	AGTHX	Growth Fund	Pair Corr
0.52	RMQAX	Monthly Rebalance	Pair Corr
0.52	RMQHX	Monthly Rebalance	Pair Corr
0.51	WBCIX	William Blair Small	Pair Corr
0.5	FPURX	Fidelity Puritan	Pair Corr
0.47	VWELX	Vanguard Wellington	Pair Corr
0.45	FFIDX	Fidelity Fund Fidelity	Pair Corr
0.39	SMPSX	Semiconductor Ultrasector	Pair Corr
0.39	RSNRX	Victory Global Natural	Pair Corr
0.37	RSNYX	Victory Global Natural	Pair Corr
0.36	RGNCX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	ARAIX	ARFFX	ARGFX	AFOYX	AGLYX	AGLOX	AINTX	AINIX	CAAPX	CAAIX
ARAIX		0.96	0.95	0.93	0.17	0.16	-0.67	-0.67	0.94	0.99	ARAIX
ARFFX	0.96		0.91	0.94	0.26	0.25	-0.62	-0.62	0.9	0.96	ARFFX
ARGFX	0.95	0.91		0.97	0.22	0.21	-0.65	-0.64	0.99	0.93	ARGFX
AFOYX	0.93	0.94	0.97		0.3	0.29	-0.61	-0.61	0.96	0.91	AFOYX
AGLYX	0.17	0.26	0.22	0.3		1.0	0.48	0.49	0.19	0.13	AGLYX
AGLOX	0.16	0.25	0.21	0.29	1.0		0.49	0.5	0.18	0.12	AGLOX
AINTX	-0.67	-0.62	-0.65	-0.61	0.48	0.49		1.0	-0.63	-0.65	AINTX
AINIX	-0.67	-0.62	-0.64	-0.61	0.49	0.5	1.0		-0.62	-0.65	AINIX
CAAPX	0.94	0.9	0.99	0.96	0.19	0.18	-0.63	-0.62		0.93	CAAPX
CAAIX	0.99	0.96	0.93	0.91	0.13	0.12	-0.65	-0.65	0.93		CAAIX
	ARAIX	ARFFX	ARGFX	AFOYX	AGLYX	AGLOX	AINTX	AINIX	CAAPX	CAAIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AGLOX	+ 1.0	AGLYX
AINIX	+ 1.0	AINTX
CAAIX	+ 0.99	ARAIX
CAAPX	+ 0.99	ARGFX
AFOYX	+ 0.97	ARGFX
ARFFX	+ 0.96	ARAIX

High negative correlations

AINIX	- 0.67	ARAIX
AINTX	- 0.67	ARAIX
CAAIX	- 0.65	AINIX
CAAIX	- 0.65	AINTX
AINTX	- 0.65	ARGFX
AINIX	- 0.64	ARGFX

Risk-Adjusted Indicators

There is a big difference between Ariel Mutual Fund performing well and Ariel 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 Ariel 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
ARAIX	0.79	0.12	0.00	9.39	0.71	(0.92)	1.89	(1.36)	5.48
ARFFX	0.73	0.12	0.01	3.65	0.57	(0.90)	1.49	(1.17)	5.90
ARGFX	0.80	0.01	0.03	0.13	0.71	(0.93)	1.89	(1.36)	5.49
AFOYX	0.74	0.00	0.03	0.12	0.57	(0.91)	1.49	(1.17)	5.93
AGLYX	0.52	(0.05)	(0.15)	0.03	0.60	(0.62)	1.21	(1.12)	2.83
AGLOX	0.52	(0.05)	(0.15)	0.03	0.61	(0.60)	1.16	(1.14)	2.90
AINTX	0.62	(0.11)	0.00	(0.26)	0.00	0.00	1.29	(1.41)	3.75
AINIX	0.63	(0.11)	0.00	(0.25)	0.00	0.00	1.25	(1.50)	3.76
CAAPX	0.79	(0.02)	0.01	0.11	0.72	(0.90)	1.87	(1.35)	5.63
CAAIX	0.78	0.10	(0.02)	1.69	0.74	(0.92)	1.86	(1.34)	5.63

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