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ADAIX
Mutual Fund ticker: NASDAQ
AS OF
Apr 17 closing price
Price
$12.43
Change
+$0.01 (+0.08%)
Net Assets
1.8B

ADAIX AQR Diversified Arbitrage I Forecast, Technical & Fundamental Analysis

The investment seeks long-term absolute (positive) returns... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks long-term absolute (positive) returns. The fund seeks to outperform, after expenses, the ICE BofA US 3-Month Treasury Bill Index while seeking to control its tracking risk relative to this benchmark. It invests in a diversified portfolio of instruments, including equities, convertible securities, debt securities, loans, rights, warrants, options, swaps, futures contracts, forwards or other types of derivative instruments.

Volume

The average weekly volume growth across all stocks in the AQR Diversified Arbitrage I MF was 4%. For the same stocks of the MF, the average monthly volume growth was 8% and the average quarterly volume growth was 22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 44
Price Growth Rating: 51
SMR Rating: 65
Profit Risk Rating: 72
Seasonality Score: 52 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Relative Value Arbitrage
Address
AQR FundsTwo Greewich Plaza,3rd FloorGreenwich
Phone
203-742-3600
Web
www.aqrfunds.com
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ADAIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, ADAIX has been closely correlated with QDARX. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if ADAIX jumps, then QDARX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ADAIX
1D Price
Change %
ADAIX100%
+0.08%
QDARX - ADAIX
93%
Closely correlated
+0.08%
ADANX - ADAIX
89%
Closely correlated
N/A
CVSIX - ADAIX
38%
Loosely correlated
-0.07%
CVSOX - ADAIX
37%
Loosely correlated
-0.07%
CVSCX - ADAIX
37%
Loosely correlated
N/A
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