Forty Portfolio Correlations

JACAX Fund

USD 54.21 0.27 0.50%

The current 90-days correlation between Forty Portfolio Inst and Morningstar Global Income is -0.1 (i.e., Good diversification). The correlation of Forty Portfolio 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.

Forty Portfolio Correlation With Market

Poor diversification

The correlation between Forty Portfolio Institutional 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 Forty Portfolio Institutional 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 Forty Portfolio Institutional. 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 nation.

Moving together with Forty Mutual Fund

1.0	JRAAX	Janus Research	Pair Corr
1.0	JRACX	Janus Research	Pair Corr
1.0	JRAIX	Janus Research	Pair Corr
1.0	JRANX	Janus Research	Pair Corr
0.99	JRARX	Janus Henderson Research	Pair Corr
1.0	JRASX	Janus Research	Pair Corr
0.87	JAAGX	Enterprise Portfolio	Pair Corr
0.79	JABAX	Janus Balanced	Pair Corr
0.91	JABCX	Janus Balanced	Pair Corr
0.97	JRSAX	Intech Managed Volatility	Pair Corr
0.97	JRSDX	Intech Managed Volatility	Pair Corr
0.97	JRSCX	Intech Managed Volatility	Pair Corr
0.97	JRSIX	Intech Managed Volatility	Pair Corr
0.97	JRSNX	Intech Managed Volatility	Pair Corr
0.97	JRSSX	Intech Managed Volatility	Pair Corr
0.9	JRSTX	Intech Managed Volatility	Pair Corr
0.96	JACNX	Janus Contrarian	Pair Corr
0.92	JACTX	Janus Forty Fund	Pair Corr
0.94	JADGX	Janus Growth And	Pair Corr
0.89	JABLX	Balanced Portfolio	Pair Corr
0.89	JABNX	Janus Balanced	Pair Corr
0.9	JABRX	Janus Balanced	Pair Corr
1.0	JACCX	Janus Forty Fund	Pair Corr
0.93	JAENX	Janus Enterprise	Pair Corr
1.0	JAGRX	Research Portfolio	Pair Corr
0.93	JAGTX	Janus Global Technology	Pair Corr
0.99	JAGCX	Janus Global Technology	Pair Corr
0.85	JAGIX	Janus Growth And	Pair Corr
0.89	JANBX	Janus Balanced	Pair Corr
0.93	JANEX	Janus Enterprise	Pair Corr
0.96	JANIX	Janus Triton	Pair Corr
0.76	JANRX	Janus Global Select	Pair Corr

Moving against Forty Mutual Fund

0.64	JAFIX	Janus Flexible Bond	Pair Corr
0.63	JAFLX	Flexible Bond Portfolio	Pair Corr
0.62	JADFX	Janus Flexible Bond	Pair Corr
0.7	JSHCX	Janus Short Term	Pair Corr
0.67	JASBX	Janus Short Term	Pair Corr
0.66	JSHAX	Janus Short Term	Pair Corr
0.64	JANFX	Janus Flexible Bond	Pair Corr
0.48	JAIGX	Overseas Portfolio	Pair Corr
0.48	JAOSX	Janus Overseas	Pair Corr

Related Correlations Analysis

	MSTGX	BXFIX	CABIX	DHGCX	GMLVX	PBLIX	GARGX	ARECX
MSTGX		0.65	0.63	0.82	0.81	0.44	0.71	0.73	MSTGX
BXFIX	0.65		0.61	0.61	0.39	0.49	0.63	0.64	BXFIX
CABIX	0.63	0.61		0.62	0.65	0.85	0.89	0.89	CABIX
DHGCX	0.82	0.61	0.62		0.63	0.4	0.77	0.78	DHGCX
GMLVX	0.81	0.39	0.65	0.63		0.44	0.63	0.68	GMLVX
PBLIX	0.44	0.49	0.85	0.4	0.44		0.71	0.71	PBLIX
GARGX	0.71	0.63	0.89	0.77	0.63	0.71		0.99	GARGX
ARECX	0.73	0.64	0.89	0.78	0.68	0.71	0.99		ARECX
	MSTGX	BXFIX	CABIX	DHGCX	GMLVX	PBLIX	GARGX	ARECX

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Risk-Adjusted Indicators

There is a big difference between Forty Mutual Fund performing well and Forty Portfolio 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 Forty Portfolio'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTGX	0.28	0.07	0.25	(1.12)	0.15	(0.33)	0.74	(0.42)	1.58
BXFIX	0.08	(0.01)	0.16	0.15	0.02	(0.28)	0.23	(0.12)	0.93
CABIX	0.36	0.03	0.10	0.04	0.38	(0.38)	0.73	(0.77)	2.58
DHGCX	0.17	0.00	0.09	0.34	0.20	(0.21)	0.36	(0.31)	1.46
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
PBLIX	0.63	0.01	0.04	(0.09)	0.79	(0.67)	1.14	(1.34)	3.79
GARGX	0.74	0.07	0.08	0.07	0.92	(0.76)	1.48	(1.45)	4.42
ARECX	0.72	0.07	0.08	0.07	0.89	(0.74)	1.56	(1.42)	4.45

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