Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAASX Fund  USD 16.10  0.02  0.12%   
The current 90-days correlation between Alternative Asset and Vanguard Ultra Short Term Bond is -0.1 (i.e., Good 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 0.75 (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 state.

Moving together with Alternative Mutual Fund

  0.95JQLMX Multimanager LifestylePairCorr
  0.86JQLBX Multimanager LifestylePairCorr
  0.78JQLAX Multimanager LifestylePairCorr
  0.83JQLCX Multimanager LifestylePairCorr
  0.84JQLGX Multimanager LifestylePairCorr
  0.75JRETX J Hancock IiPairCorr
  0.64JRGRX Regional BankPairCorr
  0.67JRLDX Retirement Living ThroughPairCorr
  0.79JRLFX Multi Index 2010PairCorr
  0.74JRLIX Retirement Living ThroughPairCorr
  0.78JRLHX Retirement Living ThroughPairCorr
  0.74JRLKX Multi Index 2015PairCorr
  0.85JRLLX Retirement Living ThroughPairCorr
  0.9JRLOX Retirement Living ThroughPairCorr
  0.87JRLQX Retirement Living ThroughPairCorr
  0.91JRLPX Multi Index 2020PairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.84JRLWX Retirement Living ThroughPairCorr
  0.87JRLVX Retirement Living ThroughPairCorr
  0.84JRLZX Retirement Living ThroughPairCorr
  0.75JROUX J Hancock IiPairCorr
  0.84JRODX J Hancock IiPairCorr
  0.81JAAFX Jhancock Multi IndexPairCorr
  0.81JAAJX Jhancock Multi IndexPairCorr
  1.0JAAIX Alternative AssetPairCorr
  0.75JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.93JRTBX Retirement Living ThroughPairCorr
  0.9JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.93JRTDX Multi Index 2025PairCorr
  0.95JRTGX Retirement Living ThroughPairCorr
  0.93JRTFX Retirement Living ThroughPairCorr
  0.95JRTIX Multi Index 2030PairCorr
  0.78JAAVX 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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