Acr International Correlations

Mutual Funds . USA . 
Fund . Acr International Quality
IQRIX Fund  USD 12.97  0.06  0.46%   
The current 90-days correlation between Acr International Quality and Acr Multi Strategy Quality is 0.78 (i.e., Poor diversification). The correlation of Acr 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.

Acr International Correlation With Market

Good diversification

The correlation between Acr International Quality and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acr International Quality and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Acr International Quality. 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 Acr Mutual Fund

  0.97MQRIX Acr Multi StrategyPairCorr
  0.94DFISX International Small PanyPairCorr
  0.93VFSNX Vanguard Ftse AllPairCorr
  0.93GICIX Goldman Sachs InternPairCorr
  0.93GIRLX Goldman Sachs InternPairCorr
  0.93GICUX Goldman Sachs InternPairCorr
  0.93FISMX Fidelity InternationalPairCorr
  0.93GICCX Goldman Sachs InternPairCorr
  0.93GICAX Goldman Sachs InternPairCorr
  0.94MISAX Victory TrivalentPairCorr
  0.93MCISX Victory TrivalentPairCorr
  0.94FTYPX Fidelity Freedom IndexPairCorr
  0.94FFBTX Fidelity Freedom BlendPairCorr
  0.82GAAVX Gmo Alternative AlloPairCorr
  0.94GCAVX Gmo Small CapPairCorr
  0.93GQLOX Gmo Quality FundPairCorr
  0.95GHVIX Gmo High YieldPairCorr
  0.94GMCQX Gmo Equity AllocationPairCorr
  0.94BLDRX Blackrock Managed IncomePairCorr
  0.92RTIRX Select InternationalPairCorr
  0.9BNDIX Total Return BondPairCorr
  0.93MHYIX Mainstay High YieldPairCorr
  0.93TILHX Tiaa Cref LargePairCorr
  0.92FSBDX Fidelity Series BluePairCorr
  0.94MSFEX Frontier Markets PorPairCorr
  0.94TAAIX Thrivent AggressivePairCorr
  0.92MSTEX Mainstay Mackay ShortPairCorr
  0.67IRGIX Vy Clarion GlobalPairCorr
  0.93QMGIX Oppenheimer GlobalPairCorr
  0.88ADNYX Amer Beacon Ark Steady GrowthPairCorr
  0.92TSDUX Ultra Short TermPairCorr
  0.93TWEMX Thomas White EmergingPairCorr
  0.94JAABX Jpmorgan SmartretirementPairCorr
  0.9DLDRX Dreyfus Natural ResourcesPairCorr
  0.75GMDPX Goldman Sachs ShortPairCorr
  0.94SKSIX Amg Managers SkylinePairCorr
  0.93MRGEX Msif Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Acr Mutual Fund performing well and Acr 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 Acr 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
IQRIX  0.62  0.18  0.03 (1.91) 0.66 
(0.73)
 1.41 
(1.08)
 4.34 
MQRIX  0.52  0.26  0.15 (1.45) 0.11 
(0.65)
 1.33 
(0.93)
 3.21 
JABCX  0.46  0.09  0.06  0.28  0.31 
(0.52)
 1.62 
(1.00)
 3.25 
PMAIX  0.26  0.16  0.08 (5.03) 0.00 
(0.36)
 0.68 
(0.33)
 1.43 
PDHCX  0.23  0.05 (0.21) 0.53  0.00 
(0.30)
 0.45 
(0.43)
 1.34 
LPXRX  0.07  0.04  0.00  1.59  0.00 
 0.00 
 0.21 
(0.11)
 0.43 
NECLX  0.10  0.00 (0.87) 0.00  0.00 
(0.15)
 0.28 
(0.19)
 0.65 
ARANX  0.50  0.19  0.08 (3.14) 0.32 
(0.59)
 1.46 
(1.02)
 3.40 
GOIIX  0.37  0.15  0.02 (3.23) 0.06 
(0.44)
 1.27 
(0.93)
 2.65 
VTRVX  0.25  0.05 (0.12) 0.29  0.00 
(0.30)
 0.75 
(0.48)
 1.79 

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