James Alpha Correlations

JARSX Fund

USD 15.25 0.02 0.13%

The current 90-days correlation between James Alpha Global and Dfa Global Real is 0.85 (i.e., Very poor diversification). 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

Modest diversification

The correlation between James Alpha Global and DJI is 0.28 (i.e., Modest 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 state.

Moving together with James Mutual Fund

1.0	JACRX	James Alpha Global	Pair Corr
1.0	JARIX	James Alpha Global	Pair Corr
1.0	JAREX	James Alpha Global	Pair Corr
0.9	DFGEX	Dfa Global Real	Pair Corr
0.94	VGRNX	Vanguard Global Ex	Pair Corr
0.98	DFITX	Dfa International Real	Pair Corr
0.94	VGRLX	Vanguard Global Ex	Pair Corr
0.95	PGRKX	Global Real Estate	Pair Corr
0.95	PGRUX	Global Real Estate	Pair Corr
0.89	PGRVX	Global Real Estate	Pair Corr
0.95	MGLAX	Mfs Global Real	Pair Corr
0.95	MGLIX	Mfs Global Real	Pair Corr
0.84	BRUFX	Bruce Fund Bruce	Pair Corr
0.75	KF	Korea Closed	Pair Corr

Moving against James Mutual Fund

0.6	JDAEX	James Alpha Managed	Pair Corr
0.6	JDSEX	James Alpha Managed	Pair Corr
0.59	JDCEX	James Alpha Managed	Pair Corr
0.31	JASSX	James Alpha Structured	Pair Corr
0.73	BDJ	Blackrock Enhanced Equity	Pair Corr
0.67	XGEIX	Guggenheim Energy Income	Pair Corr
0.59	LCGNX	William Blair Large	Pair Corr
0.58	VFIAX	Vanguard 500 Index	Pair Corr
0.58	VFINX	Vanguard 500 Index	Pair Corr
0.57	WWLAX	Westwood Largecap Value	Pair Corr
0.56	SPGSX	State Street Premier	Pair Corr
0.51	FPURX	Fidelity Puritan	Pair Corr
0.47	CII	Blackrock Enhanced	Pair Corr
0.46	GAB	Gabelli Equity Trust	Pair Corr

Related Correlations Analysis

	DFGEX	VGRNX	PGRKX	PGRUX	PGRVX
DFGEX		0.76	0.98	0.98	0.78	DFGEX
VGRNX	0.76		0.83	0.83	0.89	VGRNX
PGRKX	0.98	0.83		1.0	0.83	PGRKX
PGRUX	0.98	0.83	1.0		0.83	PGRUX
PGRVX	0.78	0.89	0.83	0.83		PGRVX
	DFGEX	VGRNX	PGRKX	PGRUX	PGRVX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DFGEX	0.58	0.00	(0.13)	0.13	0.76	(0.59)	1.05	(1.17)	3.20
VGRNX	0.66	(0.08)	0.00	(0.18)	0.00	0.00	1.29	(1.26)	4.21
PGRKX	0.55	(0.03)	(0.16)	(0.04)	0.73	(0.59)	1.07	(1.22)	3.17
PGRUX	0.56	(0.03)	(0.17)	(0.03)	0.73	(0.60)	1.10	(1.31)	3.25
PGRVX	0.54	(0.03)	0.00	1.13	0.00	0.00	1.10	(1.32)	3.26

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