Aqr Equity Correlations

Mutual Funds USA . 
Fund . Aqr Equity Market
QMNNX Fund  USD 10.90  0.01  0.09%   
The current 90-days correlation between Aqr Equity Market and Aqr Large Cap is 0.24 (i.e., Modest diversification). The correlation of Aqr Equity 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aqr Equity Market. 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 board of governors.

Moving together with Aqr Mutual Fund

  0.76AMONX Aqr Large CapPairCorr
  0.74AMOMX Aqr Large CapPairCorr
  0.83ANDRX Aqr InternationalPairCorr
  0.85ANDNX Aqr InternationalPairCorr
  0.84ANDIX Aqr InternationalPairCorr
  0.87QLENX Aqr Long ShortPairCorr
  0.87QLEIX Aqr Long ShortPairCorr
  0.87QLERX Aqr Long ShortPairCorr
  1.0QMNIX Aqr Equity MarketPairCorr
  1.0QMNRX Aqr Equity MarketPairCorr
  0.74QMORX Aqr Large CapPairCorr
  0.76AQGRX Aqr Global EquityPairCorr
  0.76AQGNX Aqr Global EquityPairCorr
  0.77AQGIX Aqr Global EquityPairCorr
  0.79AQRRX Aqr Risk ParityPairCorr
  0.79AQRNX Aqr Risk ParityPairCorr
  0.79AQRIX Aqr Risk ParityPairCorr
  0.76QNZIX Aqr Sustainable LongPairCorr
  0.76QNZRX Aqr Sustainable LongPairCorr
  0.76QNZNX Aqr Sustainable LongPairCorr
  0.64ASMOX Aqr Small CapPairCorr
  0.64ASMNX Aqr Small CapPairCorr
  0.77AUEIX Aqr Large CapPairCorr
  0.77AUENX Aqr Large CapPairCorr
  0.69ADANX Aqr Diversified ArbitragePairCorr
  0.71ADAIX Aqr Diversified ArbitragePairCorr
  0.8QRPRX Aqr Alternative RiskPairCorr
  0.82QRPNX Aqr Alternative RiskPairCorr
  0.8QRPIX Aqr Alternative RiskPairCorr
  0.66QSERX Aqr Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Equity 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 Equity'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
AMONX  0.73  0.30  0.15 (2.97) 0.56 
(0.82)
 2.22 
(1.05)
 4.88 
AMOMX  0.73  0.15  0.14  0.29  0.56 
(0.82)
 2.22 
(1.05)
 4.88 
ANDRX  0.47  0.15  0.02 (2.05) 0.34 
(0.53)
 1.10 
(0.86)
 2.68 
ANDNX  0.46  0.09 (0.02) 0.57  0.34 
(0.51)
 1.07 
(0.87)
 2.69 
ANDIX  0.46  0.09 (0.02) 0.57  0.34 
(0.50)
 1.04 
(0.91)
 2.68 
QLENX  0.34  0.13 (0.03)(1.23) 0.17 
(0.39)
 0.72 
(0.72)
 1.99 
QLEIX  0.34  0.13 (0.03)(1.28) 0.15 
(0.38)
 0.76 
(0.70)
 2.05 
QLERX  0.34  0.13 (0.03)(1.27) 0.14 
(0.40)
 0.75 
(0.75)
 2.03 
QMHIX  0.55  0.05 (0.07)(1.15) 0.96 
(0.51)
 1.03 
(1.15)
 4.54 
QMHRX  0.56  0.05 (0.07)(1.11) 0.99 
(0.51)
 0.93 
(1.14)
 4.53 

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