Aqr Small Correlations

Mutual Funds . USA . 
Fund . Aqr Small Cap
QSMRX Fund  USD 20.20  0.26  1.30%   
The current 90-days correlation between Aqr Small Cap and John Hancock Funds is -0.39 (i.e., Very good diversification). The correlation of Aqr Small 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 Small Correlation With Market

Very good diversification

The correlation between Aqr Small Cap and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aqr Small Cap. 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 metropolitan statistical area.

Moving together with Aqr Mutual Fund

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  0.73VEXRX Vanguard ExplorerPairCorr
  0.72JGMIX Janus TritonPairCorr
  0.72JGMRX Janus TritonPairCorr
  0.72JGMAX Janus TritonPairCorr
  0.72JGMCX Janus TritonPairCorr
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  0.7CRF Cornerstone StrategicPairCorr
  0.7USA Liberty All StarPairCorr
  0.75ETY Eaton Vance TaxPairCorr
  0.82NFJ Virtus Dividend InterestPairCorr
  0.75RRSVX Rbc Small CapPairCorr
  0.73AISTX Limited DurationPairCorr
  0.82AA Alcoa CorpPairCorr
  0.75CSCO Cisco SystemsPairCorr
  0.66JPM JPMorgan ChasePairCorr
  0.71MMM 3M CompanyPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.73BAC Bank of America Aggressive PushPairCorr
  0.71IBM International BusinessPairCorr
  0.68AXP American ExpressPairCorr
  0.72DIS Walt DisneyPairCorr
  0.66GE GE AerospacePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Small 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 Small'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.

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