1290 Funds Correlations

ESCKX Fund

USD 11.74 0.07 0.59%

The current 90-days correlation between 1290 Funds and Short Duration Inflation is 0.08 (i.e., Significant diversification). The correlation of 1290 Funds 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.

1290 Funds Correlation With Market

Good diversification

The correlation between 1290 Funds and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Funds and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 1290 Funds . 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 industry.

Moving together with 1290 Mutual Fund

1.0	ESCJX	1290 Essex Small	Pair Corr
1.0	ESCFX	1290 Funds	Pair Corr
0.92	TNRAX	1290 Funds	Pair Corr
0.82	TNVAX	1290 Gamco Smallmid	Pair Corr
0.82	TNVIX	1290 Gamco Smallmid	Pair Corr
0.92	TNXIX	1290 Retirement 2060	Pair Corr
0.82	TNVRX	1290 Gamco Smallmid	Pair Corr
0.97	VSGAX	Vanguard Small Cap	Pair Corr
0.95	VSGIX	Vanguard Small Cap	Pair Corr
0.95	VISGX	Vanguard Small Cap	Pair Corr
0.87	VEXPX	Vanguard Explorer	Pair Corr
0.87	VEXRX	Vanguard Explorer	Pair Corr
0.91	JGMIX	Janus Triton	Pair Corr
0.91	JGMRX	Janus Triton	Pair Corr
0.91	JGMAX	Janus Triton	Pair Corr
0.91	JGMCX	Janus Triton	Pair Corr

Moving against 1290 Mutual Fund

0.6	TNURX	1290 Unconstrained Bond	Pair Corr
0.62	TNUAX	1290 Unconstrained Bond	Pair Corr
0.62	TNUIX	1290 Unconstrained Bond	Pair Corr
0.62	LIFAX	Lord Abbett Inflation	Pair Corr
0.56	NHS	Neuberger Berman High	Pair Corr
0.44	LAIIX	Lord Abbett Intermediate	Pair Corr
0.36	RDWGX	American Funds Developing	Pair Corr

Related Correlations Analysis

	APISX	SLFYX	NWXNX	HIPAX	QCILRX	BORIX
APISX		0.97	0.97	0.98	0.99	0.95	APISX
SLFYX	0.97		0.9	0.93	0.93	0.88	SLFYX
NWXNX	0.97	0.9		0.99	0.99	0.99	NWXNX
HIPAX	0.98	0.93	0.99		1.0	0.99	HIPAX
QCILRX	0.99	0.93	0.99	1.0		0.98	QCILRX
BORIX	0.95	0.88	0.99	0.99	0.98		BORIX
	APISX	SLFYX	NWXNX	HIPAX	QCILRX	BORIX

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Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Funds 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 1290 Funds' 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
APISX	0.10	0.02	0.58	2.86	0.00	(0.14)	0.19	(0.19)	0.67
SLFYX	0.19	0.06	0.56	(5.74)	0.00	(0.27)	0.50	(0.26)	1.02
NWXNX	0.22	0.02	0.30	0.70	0.18	(0.28)	0.45	(0.34)	1.24
HIPAX	0.15	0.01	0.37	0.43	0.07	(0.20)	0.30	(0.30)	0.99
QCILRX	0.15	0.02	0.45	1.11	0.07	(0.16)	0.32	(0.33)	0.94
BORIX	0.21	0.01	0.28	0.25	0.19	(0.27)	0.48	(0.47)	1.26

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