Aqr International Correlations

ANDRX Fund

USD 16.56 0.03 0.18%

The current 90-days correlation between Aqr International and Old Westbury Fixed is 0.42 (i.e., Very weak 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 0.52 (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 real.

Moving together with Aqr Mutual Fund

1.0	ANDNX	Aqr International	Pair Corr
1.0	ANDIX	Aqr International	Pair Corr

Related Correlations Analysis

	OWFIX	SNPTX	PASTX	QLENX	PWITX	TOIIX	FLDFX	DHGAX
OWFIX		0.84	0.85	0.9	0.78	0.86	0.88	0.95	OWFIX
SNPTX	0.84		0.96	0.92	0.91	0.96	0.96	0.88	SNPTX
PASTX	0.85	0.96		0.9	0.83	0.92	0.92	0.91	PASTX
QLENX	0.9	0.92	0.9		0.86	0.96	0.97	0.9	QLENX
PWITX	0.78	0.91	0.83	0.86		0.94	0.9	0.79	PWITX
TOIIX	0.86	0.96	0.92	0.96	0.94		0.96	0.88	TOIIX
FLDFX	0.88	0.96	0.92	0.97	0.9	0.96		0.9	FLDFX
DHGAX	0.95	0.88	0.91	0.9	0.79	0.88	0.9		DHGAX
	OWFIX	SNPTX	PASTX	QLENX	PWITX	TOIIX	FLDFX	DHGAX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWFIX	0.14	0.00	(0.30)	0.00	0.00	(0.21)	0.30	(0.20)	0.99
SNPTX	0.46	0.04	0.04	0.12	0.50	(0.53)	1.14	(0.60)	3.90
PASTX	0.91	0.17	0.14	0.23	0.99	(1.06)	1.85	(1.44)	6.78
QLENX	0.30	0.11	0.06	(0.79)	0.00	(0.36)	0.72	(0.41)	2.34
PWITX	0.49	0.01	(0.02)	0.09	0.63	(0.49)	1.07	(1.09)	3.64
TOIIX	0.50	0.06	0.04	0.16	0.49	(0.57)	1.21	(0.92)	3.49
FLDFX	0.36	0.08	(0.01)	(0.63)	0.33	(0.43)	0.93	(0.53)	3.20
DHGAX	0.14	0.03	(0.28)	1.40	0.00	(0.18)	0.35	(0.20)	0.99

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Aqr International Correlations

Aqr International Correlation With Market

Very weak diversification

Moving together with Aqr Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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