Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAAIX Fund  USD 16.07  0.01  0.06%   
The current 90-days correlation between Alternative Asset and Strategic Income Opportunities is 0.27 (i.e., Modest 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 0.69 (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 gross domestic product.

Moving together with Alternative Mutual Fund

  0.94JQLMX Multimanager LifestylePairCorr
  0.85JQLBX Multimanager LifestylePairCorr
  0.77JQLAX Multimanager LifestylePairCorr
  0.82JQLCX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.75JRETX J Hancock IiPairCorr
  0.64JRGRX Regional BankPairCorr
  0.67JRLDX Retirement Living ThroughPairCorr
  0.78JRLFX Multi Index 2010PairCorr
  0.74JRLIX Retirement Living ThroughPairCorr
  0.78JRLHX Retirement Living ThroughPairCorr
  0.74JRLKX Multi Index 2015PairCorr
  0.84JRLLX Retirement Living ThroughPairCorr
  0.89JRLOX Retirement Living ThroughPairCorr
  0.86JRLQX Retirement Living ThroughPairCorr
  0.9JRLPX Multi Index 2020PairCorr
  0.86JRLUX Multi Index 2045PairCorr
  0.83JRLWX Retirement Living ThroughPairCorr
  0.86JRLVX Retirement Living ThroughPairCorr
  0.83JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.83JRODX J Hancock IiPairCorr
  0.8JAAFX Jhancock Multi IndexPairCorr
  0.8JAAJX Jhancock Multi IndexPairCorr
  0.74JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.92JRTBX Retirement Living ThroughPairCorr
  0.9JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.92JRTDX Multi Index 2025PairCorr
  0.94JRTGX Retirement Living ThroughPairCorr
  0.92JRTFX Retirement Living ThroughPairCorr
  1.0JAASX Alternative AssetPairCorr
  0.94JRTIX Multi Index 2030PairCorr
  0.77JAAVX Jhancock MultimanagerPairCorr
  0.93JRTKX 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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