Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAACX Fund  USD 16.11  0.03  0.19%   
The current 90-days correlation between Alternative Asset and Massmutual Select Diversified is 0.62 (i.e., Poor diversification). The correlation of Alternative Asset 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.

Alternative Asset Correlation With Market

Poor diversification

The correlation between Alternative Asset Allocation and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Asset Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alternative Asset Allocation. 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 main economic indicators.

Moving together with Alternative Mutual Fund

  0.94JQLMX Multimanager LifestylePairCorr
  0.92JQLBX Multimanager LifestylePairCorr
  0.73JQLAX Multimanager LifestylePairCorr
  0.81JQLCX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.72JRETX J Hancock IiPairCorr
  0.77JRLDX Retirement Living ThroughPairCorr
  0.77JRLFX Multi Index 2010PairCorr
  0.83JRLIX Retirement Living ThroughPairCorr
  0.77JRLHX Retirement Living ThroughPairCorr
  0.84JRLKX Multi Index 2015PairCorr
  0.83JRLLX Retirement Living ThroughPairCorr
  0.88JRLOX Retirement Living ThroughPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.88JRLPX Multi Index 2020PairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.85JRLWX Retirement Living ThroughPairCorr
  0.88JRLVX Retirement Living ThroughPairCorr
  0.85JRLZX Retirement Living ThroughPairCorr
  0.72JROUX J Hancock IiPairCorr
  0.85JRODX J Hancock IiPairCorr
  0.69JAAFX Jhancock Multi IndexPairCorr
  0.68JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  0.68JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.91JRTBX Retirement Living ThroughPairCorr
  0.88JRTAX Retirement Living ThroughPairCorr
  0.99JAARX Alternative AssetPairCorr
  0.91JRTDX Multi Index 2025PairCorr
  0.94JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.99JAASX Alternative AssetPairCorr
  0.94JRTIX Multi Index 2030PairCorr
  0.68JAAVX Jhancock MultimanagerPairCorr
  0.94JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Asset 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 Alternative Asset'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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