Acr Multi-strategy Correlations

MQRIX Fund

USD 17.85 0.10 0.56%

The current 90-days correlation between Acr Multi Strategy and Acr International Quality is 0.82 (i.e., Very poor diversification). The correlation of Acr Multi-strategy 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 Multi-strategy Correlation With Market

Average diversification

The correlation between Acr Multi Strategy Quality and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acr Multi Strategy Quality and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Acr Multi Strategy 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

0.97	IQRIX	Acr International Quality	Pair Corr
0.97	PAALX	All Asset Fund	Pair Corr
0.97	PATRX	Pimco All Asset	Pair Corr
0.97	PAAIX	All Asset Fund	Pair Corr
0.97	PALPX	Pimco All Asset	Pair Corr
0.94	PASAX	All Asset Fund	Pair Corr
0.97	PASCX	All Asset Fund	Pair Corr
0.97	PAANX	Pimco All Asset	Pair Corr
0.95	PAUPX	Pimco All Asset	Pair Corr
0.95	PAUIX	Pimco All Asset	Pair Corr
0.96	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.96	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.83	EMO	Clearbridge Energy Mlp	Pair Corr
0.66	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.66	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	RSNYX	Victory Global Natural	Pair Corr
0.69	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	RSNRX	Victory Global Natural	Pair Corr
0.74	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.96	PDAIX	Pinebridge Dynamic Asset	Pair Corr
0.84	FRIFX	Fidelity Real Estate	Pair Corr
0.96	PPUMX	Largecap Growth	Pair Corr
0.98	APFOX	Artisan Emerging Markets	Pair Corr
0.97	TLYRX	Tiaa Cref Lifecycle	Pair Corr
0.98	RAMTX	American Funds 2055	Pair Corr
0.96	GCECX	Ab Global E	Pair Corr
0.97	PTOAX	Stocksplus Total Return	Pair Corr
0.94	RSFYX	Victory Floating Rate	Pair Corr
0.94	MSAAX	Active International	Pair Corr
0.96	HAVLX	Harbor Large Cap	Pair Corr
0.97	TPILX	Tiaa Cref Lifecycle	Pair Corr
0.96	NWJCX	Nationwide Ziegler Nyse	Pair Corr
0.98	MHEIX	Mh Elite Income	Pair Corr
0.97	SEDAX	Siit Emerging Markets	Pair Corr
0.98	USCRX	Cornerstone Moderately	Pair Corr
0.97	CAFCX	Amcap Fund Class	Pair Corr
0.97	HBATX	Hartford Moderate	Pair Corr

Related Correlations Analysis

	IQRIX	MQRIX	GFRRX	FIGFX	OCSGX	CENNX	ASG	JHBAX	QREARX	FAVTX
IQRIX		0.97	0.95	0.92	0.9	0.94	0.91	-0.38	0.85	0.92	IQRIX
MQRIX	0.97		0.98	0.93	0.96	0.97	0.95	-0.39	0.9	0.95	MQRIX
GFRRX	0.95	0.98		0.96	0.98	0.97	0.97	-0.36	0.9	0.97	GFRRX
FIGFX	0.92	0.93	0.96		0.97	0.95	0.98	-0.34	0.9	0.94	FIGFX
OCSGX	0.9	0.96	0.98	0.97		0.95	0.98	-0.36	0.92	0.96	OCSGX
CENNX	0.94	0.97	0.97	0.95	0.95		0.94	-0.37	0.88	0.96	CENNX
ASG	0.91	0.95	0.97	0.98	0.98	0.94		-0.33	0.91	0.95	ASG
JHBAX	-0.38	-0.39	-0.36	-0.34	-0.36	-0.37	-0.33		-0.21	-0.41	JHBAX
QREARX	0.85	0.9	0.9	0.9	0.92	0.88	0.91	-0.21		0.9	QREARX
FAVTX	0.92	0.95	0.97	0.94	0.96	0.96	0.95	-0.41	0.9		FAVTX
	IQRIX	MQRIX	GFRRX	FIGFX	OCSGX	CENNX	ASG	JHBAX	QREARX	FAVTX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GFRRX	+ 0.98	MQRIX
OCSGX	+ 0.98	GFRRX
ASG	+ 0.98	FIGFX
ASG	+ 0.98	OCSGX
MQRIX	+ 0.97	IQRIX
CENNX	+ 0.97	MQRIX

High negative correlations

FAVTX	- 0.41	JHBAX
JHBAX	- 0.39	MQRIX
JHBAX	- 0.38	IQRIX
JHBAX	- 0.37	CENNX
JHBAX	- 0.36	OCSGX
JHBAX	- 0.36	GFRRX

Risk-Adjusted Indicators

There is a big difference between Acr Mutual Fund performing well and Acr Multi-strategy 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 Multi-strategy'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
IQRIX	0.65	0.20	0.07	4.68	0.65	(0.77)	1.58	(1.08)	4.99
MQRIX	0.56	0.26	0.21	2.72	0.00	(0.72)	1.53	(0.93)	3.24
GFRRX	0.12	0.06	(0.46)	(3.98)	0.00	(0.20)	0.47	(0.12)	0.81
FIGFX	0.59	0.10	0.07	0.30	0.42	(0.67)	1.37	(1.10)	4.18
OCSGX	0.89	0.13	0.13	0.25	0.76	(1.17)	2.62	(1.41)	6.89
CENNX	0.39	0.14	0.01	(2.84)	0.19	(0.45)	0.83	(0.76)	2.24
ASG	1.01	0.10	0.06	0.24	1.23	(1.09)	2.49	(1.62)	5.16
JHBAX	0.56	0.46	0.00	13.05	0.00	0.00	1.85	(0.43)	2.29
QREARX	0.03	0.00	(1.40)	0.84	0.00	(0.03)	0.07	(0.06)	0.57
FAVTX	0.57	0.12	(0.03)	(1.52)	0.58	(0.59)	1.33	(1.02)	3.91

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