James Alpha Correlations

Mutual Funds . USA . 
Fund . James Alpha Global
JAREX Fund  USD 13.64  0.11  0.80%   
The current 90-days correlation between James Alpha Global and James Alpha Global is 1.0 (i.e., No risk reduction). The correlation of James Alpha 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.

James Alpha Correlation With Market

Very weak diversification

The correlation between James Alpha Global and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Global 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 James Alpha Global. 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 income.

Moving together with James Mutual Fund

  1.0JACRX James Alpha GlobalPairCorr
  1.0JARIX James Alpha GlobalPairCorr
  1.0JARSX James Alpha GlobalPairCorr
  0.66JASVX James Alpha StructuredPairCorr
  0.95DFGEX Dfa Global RealPairCorr
  0.95VGRNX Vanguard Global ExPairCorr
  0.75DFITX Dfa International RealPairCorr
  0.95VGRLX Vanguard Global ExPairCorr
  0.95PGRKX Global Real EstatePairCorr
  0.96PGRUX Global Real EstatePairCorr
  0.73MGLAX Mfs Global RealPairCorr
  0.74MGLIX Mfs Global RealPairCorr
  0.73TREMX T Rowe PricePairCorr
  0.74ARBOX Absolute ConvertiblePairCorr
  0.85HTD John Hancock TaxPairCorr
  0.68SAEMX Sa Emerging MarketsPairCorr
  0.67PGLSX Global Multi StrategyPairCorr
  0.71USGDX Morgan Stanley GovernmentPairCorr
  0.64EBSIX Campbell Systematic MacroPairCorr
  0.68VSGDX Vanguard Short TermPairCorr
  0.93DBIWX Dws Global MacroPairCorr
  0.8HWACX Hotchkis Wiley ValuePairCorr
  0.81EMBAX Unconstrained EmergingPairCorr
  0.68PSDNX Putnam Ultra ShortPairCorr
  0.8VICSX Vanguard Intermediate-terPairCorr
  0.92RXRPX American Funds RetirementPairCorr
  0.7DLDFX Destinations Low DurationPairCorr
  0.75RMDUX American Funds MultiPairCorr
  0.76HRBDX Harbor Bond FundPairCorr
  0.77RNCIX Rivernorth E OpportunityPairCorr

Moving against James Mutual Fund

  0.45SMPIX Semiconductor UltrasectorPairCorr
  0.45SMPSX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Alpha 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 James Alpha'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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