Aqr International Correlations

ANDNX Fund

USD 15.06 0.06 0.40%

The current 90-days correlation between Aqr International and Baillie Gifford Health is -0.18 (i.e., Good 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 0.43 (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 board of governors.

Moving together with Aqr Mutual Fund

1.0	ANDRX	Aqr International	Pair Corr
0.94	ANDIX	Aqr International	Pair Corr
0.63	ADANX	Aqr Diversified Arbitrage	Pair Corr

Moving against Aqr Mutual Fund

0.79	QMNIX	Aqr Equity Market	Pair Corr
0.78	QMNNX	Aqr Equity Market	Pair Corr
0.78	QMNRX	Aqr Equity Market	Pair Corr
0.77	QLERX	Aqr Long Short	Pair Corr
0.76	QLENX	Aqr Long Short	Pair Corr
0.76	QLEIX	Aqr Long Short	Pair Corr
0.67	AMOMX	Aqr Large Cap	Pair Corr
0.67	QMORX	Aqr Large Cap	Pair Corr
0.63	AMONX	Aqr Large Cap	Pair Corr
0.52	AQGRX	Aqr Global Equity	Pair Corr
0.52	AQGIX	Aqr Global Equity	Pair Corr
0.51	AQGNX	Aqr Global Equity	Pair Corr
0.37	QNZIX	Aqr Sustainable Long	Pair Corr
0.61	QCERX	Aqr Large Cap	Pair Corr
0.61	QCELX	Aqr Large Cap	Pair Corr
0.58	QSERX	Aqr Small Cap	Pair Corr
0.58	QSMLX	Aqr Small Cap	Pair Corr
0.58	QSMNX	Aqr Small Cap	Pair Corr
0.56	ASMOX	Aqr Small Cap	Pair Corr
0.56	QSMRX	Aqr Small Cap	Pair Corr
0.55	ASMNX	Aqr Small Cap	Pair Corr
0.46	AUEIX	Aqr Large Cap	Pair Corr
0.45	AUENX	Aqr Large Cap	Pair Corr
0.43	QSPIX	Aqr Style Premia	Pair Corr
0.41	QSPNX	Aqr Style Premia	Pair Corr
0.37	QNZNX	Aqr Sustainable Long	Pair Corr
0.37	QSPRX	Aqr Style Premia	Pair Corr

Related Correlations Analysis

	BGHDX	SCHLX	DLHIX	LOGSX	FHCCX	BHCHX	THQ
BGHDX		0.78	0.8	0.55	0.78	0.77	0.68	BGHDX
SCHLX	0.78		0.93	0.76	0.74	0.86	0.63	SCHLX
DLHIX	0.8	0.93		0.8	0.64	0.88	0.66	DLHIX
LOGSX	0.55	0.76	0.8		0.57	0.73	0.24	LOGSX
FHCCX	0.78	0.74	0.64	0.57		0.83	0.67	FHCCX
BHCHX	0.77	0.86	0.88	0.73	0.83		0.76	BHCHX
THQ	0.68	0.63	0.66	0.24	0.67	0.76		THQ
	BGHDX	SCHLX	DLHIX	LOGSX	FHCCX	BHCHX	THQ

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BGHDX	0.80	(0.16)	(1.94)	1.34	(1.69)	6.08
SCHLX	0.51	(0.14)	(1.77)	0.87	(1.30)	3.08
DLHIX	0.61	(0.22)	(0.24)	0.82	(1.45)	4.38
LOGSX	0.60	(0.13)	(0.15)	0.96	(1.16)	3.97
FHCCX	0.67	(0.06)	(0.52)	1.04	(1.31)	4.04
BHCHX	0.65	(0.13)	(0.10)	1.27	(1.32)	4.20
THQ	0.77	(0.15)	(0.14)	1.37	(1.65)	5.20

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