Aqr Tm Correlations

QTERX Fund

USD 11.96 0.02 0.17%

The current 90-days correlation between Aqr Tm Emerging and Fidelity Advisor Gold is -0.02 (i.e., Good diversification). The correlation of Aqr Tm 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 Tm Correlation With Market

Very good diversification

The correlation between Aqr Tm Emerging and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aqr Tm Emerging 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 Tm Emerging. 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

0.98	AMONX	Aqr Large Cap	Pair Corr
0.96	QLENX	Aqr Long Short	Pair Corr
0.97	AQRRX	Aqr Risk Parity	Pair Corr
0.96	QNZIX	Aqr Sustainable Long	Pair Corr
0.88	AUEIX	Aqr Large Cap	Pair Corr
0.98	QSERX	Aqr Small Cap	Pair Corr
0.97	QDARX	Aqr Diversified Arbitrage	Pair Corr
0.78	QGMIX	Aqr Global Macro	Pair Corr
0.98	VEIEX	Vanguard Emerging Markets	Pair Corr
0.65	VEMIX	Vanguard Emerging Markets	Pair Corr
0.65	FWWNX	American Funds New	Pair Corr
0.65	FNFWX	American Funds New	Pair Corr
0.64	MFECX	Mfs Growth Fund	Pair Corr
0.96	DIAMX	Diamond Hill Long	Pair Corr

Moving against Aqr Mutual Fund

0.53	GPMFX	Guidepath Managed Futures	Pair Corr
0.51	PQTAX	Pimco Trends Managed	Pair Corr
0.5	PQTIX	Aa Pimco Tr	Pair Corr
0.44	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	FGDIX	GLDAX	MXKJX	OGMCX	GLRBX	USERX
FGDIX		0.93	0.54	0.96	0.64	0.91	FGDIX
GLDAX	0.93		0.58	0.91	0.64	0.98	GLDAX
MXKJX	0.54	0.58		0.63	0.93	0.69	MXKJX
OGMCX	0.96	0.91	0.63		0.67	0.92	OGMCX
GLRBX	0.64	0.64	0.93	0.67		0.75	GLRBX
USERX	0.91	0.98	0.69	0.92	0.75		USERX
	FGDIX	GLDAX	MXKJX	OGMCX	GLRBX	USERX

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Risk-Adjusted Indicators

There is a big difference between Aqr Mutual Fund performing well and Aqr Tm 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 Tm'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
FGDIX	1.76	0.41	0.06	(3.92)	2.08	(1.89)	4.79	(3.72)	15.18
GLDAX	1.72	0.41	0.06	(3.18)	1.96	(1.73)	4.72	(3.50)	15.70
MXKJX	0.93	0.03	0.03	0.26	0.88	(1.21)	1.90	(2.08)	12.15
OGMCX	1.58	0.33	0.06	2.56	1.76	(1.73)	4.61	(3.69)	14.41
GLRBX	0.41	0.18	(0.16)	(0.89)	0.25	(0.45)	1.09	(0.74)	5.39
USERX	1.64	0.45	0.09	(3.19)	1.72	(1.83)	4.43	(3.05)	12.98

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