Ariel International Correlations

Mutual Funds USA . 
Fund . Ariel International Fund
AINIX Fund  USD 16.95  0.04  0.24%   
The current 90-days correlation between Ariel International and Ariel Fund Institutional is 0.35 (i.e., Weak 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

Weak diversification

The correlation between Ariel International Fund and DJI is 0.36 (i.e., Weak 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

  0.92ARAIX Ariel Fund InstitutionalPairCorr
  0.9ARFFX Ariel Focus FundPairCorr
  0.92ARGFX Ariel Fund InvestorPairCorr
  0.9AFOYX Ariel Focus FundPairCorr
  0.98AGLYX Ariel GlobalPairCorr
  0.98AGLOX Ariel GlobalPairCorr
  1.0AINTX Ariel InternationalPairCorr
  0.92CAAPX Ariel AppreciationPairCorr
  0.92CAAIX Ariel AppreciationPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.98OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  0.98OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.98VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.97FIFRX Franklin GrowthPairCorr
  0.97RVPHX Royce Smaller CompaniesPairCorr
  0.94FMSDX Fidelity Advisor MultiPairCorr
  0.91QTSSX Quantified TacticalPairCorr
  0.91PUDCX Prudential Real AssetsPairCorr
  0.97ISGAX Voya Solution BalancedPairCorr
  0.96FSDIX Fidelity StrategicPairCorr
  0.94SENYX Stet New YorkPairCorr
  0.95TEDTX Tiaa Cref EmergingPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ARAIX  1.02  0.14  0.13  0.24  1.03 
(1.16)
 2.37 
(2.04)
 8.16 
ARFFX  0.72  0.13  0.11  0.28  0.66 
(0.86)
 1.93 
(1.29)
 5.56 
ARGFX  1.02  0.14  0.13  0.24  1.03 
(1.16)
 2.37 
(2.05)
 8.14 
AFOYX  0.73  0.13  0.12  0.28  0.66 
(0.87)
 2.00 
(1.29)
 5.55 
AGLYX  0.48  0.10  0.04  0.32  0.34 
(0.55)
 1.10 
(1.10)
 3.10 
AGLOX  0.49  0.09  0.04  0.31  0.35 
(0.58)
 1.20 
(1.11)
 3.09 
AINTX  0.50  0.14  0.07  0.68  0.26 
(0.59)
 1.35 
(0.96)
 3.26 
AINIX  0.51  0.14  0.07  0.68  0.24 
(0.59)
 1.33 
(0.93)
 3.32 
CAAPX  1.02  0.12  0.12  0.23  1.02 
(1.18)
 2.36 
(2.09)
 8.52 
CAAIX  1.02  0.12  0.12  0.23  1.02 
(1.19)
 2.35 
(2.09)
 8.52 

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