1290 Funds Correlations
| ESCKX Fund | USD 12.22 0.08 0.65% |
The current 90-days correlation between 1290 Funds and Vanguard Reit Index is 0.41 (i.e., Very weak 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
Very weak diversification
The correlation between 1290 Funds and DJI is 0.43 (i.e., Very weak 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.
1290 |
Moving together with 1290 Mutual Fund
| 0.99 | ESCJX | 1290 Essex Small | PairCorr |
| 1.0 | ESCFX | 1290 Funds | PairCorr |
| 0.63 | TNRAX | 1290 Funds | PairCorr |
| 0.62 | TNVAX | 1290 Gamco Smallmid | PairCorr |
| 0.61 | TNVIX | 1290 Gamco Smallmid | PairCorr |
| 0.62 | TNXIX | 1290 Retirement 2060 | PairCorr |
| 0.7 | VSGIX | Vanguard Small Cap | PairCorr |
| 0.71 | VISGX | Vanguard Small Cap | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGSIX | 0.80 | (0.01) | 0.00 | (0.02) | 0.00 | 1.43 | 5.41 | |||
| NRSAX | 0.19 | 0.01 | 0.03 | 0.19 | 0.17 | 0.38 | 1.57 | |||
| FIKMX | 0.24 | 0.02 | 0.04 | 0.12 | 0.26 | 0.59 | 1.59 | |||
| REPIX | 1.21 | (0.03) | 0.00 | (0.03) | 0.00 | 2.36 | 7.82 | |||
| MRESX | 0.79 | (0.02) | 0.00 | (0.03) | 0.00 | 1.41 | 5.24 |