Aqr Managed Correlations

AQMIX Fund

USD 8.65 0.05 0.58%

The current 90-days correlation between Aqr Managed Futures and Aqr Managed Futures is 0.17 (i.e., Average diversification). The correlation of Aqr Managed 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 Managed Correlation With Market

Good diversification

The correlation between Aqr Managed Futures and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Managed Futures 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 Managed Futures. 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 Aqr Mutual Fund

0.99	QMHIX	Aqr Managed Futures	Pair Corr
0.99	QMHRX	Aqr Managed Futures	Pair Corr
0.99	QMHNX	Aqr Managed Futures	Pair Corr
0.9	AQMRX	Aqr Managed Futures	Pair Corr
0.9	AQMNX	Aqr Managed Futures	Pair Corr
0.68	AQRRX	Aqr Risk Parity	Pair Corr
0.66	AQRNX	Aqr Risk Parity	Pair Corr
0.67	AQRIX	Aqr Risk Parity	Pair Corr
0.73	QNZIX	Aqr Sustainable Long	Pair Corr
0.73	QNZNX	Aqr Sustainable Long	Pair Corr

Related Correlations Analysis

	AQMRX	PQTAX	PQTNX	AHLPX	AMFNX	ABYAX	ABYIX
AQMRX		0.33	0.34	0.53	0.38	0.36	0.38	AQMRX
PQTAX	0.33		1.0	0.71	0.85	0.91	0.91	PQTAX
PQTNX	0.34	1.0		0.71	0.85	0.91	0.91	PQTNX
AHLPX	0.53	0.71	0.71		0.66	0.79	0.8	AHLPX
AMFNX	0.38	0.85	0.85	0.66		0.93	0.93	AMFNX
ABYAX	0.36	0.91	0.91	0.79	0.93		1.0	ABYAX
ABYIX	0.38	0.91	0.91	0.8	0.93	1.0		ABYIX
	AQMRX	PQTAX	PQTNX	AHLPX	AMFNX	ABYAX	ABYIX

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Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Managed 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 Managed'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
AQMRX	0.36	0.00	(0.12)	0.08	0.40	(0.37)	0.71	(0.70)	1.77
PQTAX	0.47	(0.02)	0.00	0.60	0.00	0.00	0.82	(1.09)	2.35
PQTNX	0.47	(0.02)	0.00	0.65	0.00	0.00	0.80	(1.07)	2.31
AHLPX	0.47	(0.06)	0.00	(0.06)	0.00	0.00	1.03	(0.91)	3.44
AMFNX	0.38	(0.08)	0.00	(0.11)	0.00	0.00	0.77	(1.01)	2.28
ABYAX	0.38	(0.05)	0.00	(0.08)	0.00	0.00	0.65	(0.82)	2.15
ABYIX	0.38	(0.05)	0.00	(0.07)	0.00	0.00	0.72	(0.82)	2.13

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Aqr Managed Correlations

Aqr Managed Correlation With Market

Good diversification

Moving together with Aqr Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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