Blue Chip Correlations
JBGAX Fund | USD 64.49 0.53 0.83% |
The current 90-days correlation between Blue Chip Growth and Regional Bank Fund is 0.12 (i.e., Average diversification). The correlation of Blue Chip 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.
Blue Chip Correlation With Market
Very weak diversification
The correlation between Blue Chip Growth 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 Blue Chip Growth and DJI in the same portfolio, assuming nothing else is changed.
Blue |
Moving together with Blue Mutual Fund
0.89 | FRBAX | Regional Bank | PairCorr |
0.88 | FRBCX | Regional Bank | PairCorr |
0.73 | JQLBX | Multimanager Lifestyle | PairCorr |
0.87 | JQLAX | Multimanager Lifestyle | PairCorr |
0.83 | JQLGX | Multimanager Lifestyle | PairCorr |
0.89 | JRBFX | Regional Bank | PairCorr |
0.9 | JRETX | J Hancock Ii | PairCorr |
0.89 | JRGRX | Regional Bank | PairCorr |
0.87 | JRLQX | Retirement Living Through | PairCorr |
0.87 | JRLUX | Multi Index 2045 | PairCorr |
0.9 | JRLWX | Retirement Living Through | PairCorr |
0.88 | JRLVX | Retirement Living Through | PairCorr |
0.9 | JRLZX | Retirement Living Through | PairCorr |
0.92 | JROUX | J Hancock Ii | PairCorr |
0.9 | JRODX | J Hancock Ii | PairCorr |
0.9 | JAAFX | Jhancock Multi Index | PairCorr |
0.77 | JAAIX | Alternative Asset | PairCorr |
0.88 | JAAKX | Jhancock Multi Index | PairCorr |
0.77 | JAAPX | Alternative Asset | PairCorr |
0.8 | JAARX | Alternative Asset | PairCorr |
0.64 | JRTGX | Retirement Living Through | PairCorr |
0.79 | JAASX | Alternative Asset | PairCorr |
0.64 | JRTIX | Multi Index 2030 | PairCorr |
0.92 | JAAVX | Jhancock Multimanager | PairCorr |
0.64 | JRTJX | Retirement Living Through | PairCorr |
0.92 | JAAWX | Jhancock Multimanager | PairCorr |
Moving against Blue Mutual Fund
0.71 | JABTX | John Hancock Opportu | PairCorr |
0.43 | JABYX | John Hancock Global | PairCorr |
0.36 | JABVX | John Hancock Global | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FRBAX | 1.21 | 0.27 | 0.16 | 9.58 | 0.99 | 2.76 | 15.75 | |||
FRBCX | 1.21 | 0.27 | 0.16 | 11.99 | 0.99 | 2.74 | 15.70 | |||
JQLMX | 0.24 | 0.00 | (0.22) | 0.12 | 0.25 | 0.56 | 1.43 | |||
JQLBX | 0.32 | 0.02 | (0.11) | 0.58 | 0.30 | 0.66 | 2.06 | |||
JQLAX | 0.47 | 0.06 | (0.02) | 1.02 | 0.41 | 1.07 | 3.11 | |||
JQLCX | 0.16 | (0.01) | (0.32) | (0.07) | 0.17 | 0.34 | 1.00 | |||
JQLGX | 0.41 | 0.05 | (0.05) | 0.95 | 0.39 | 0.90 | 2.65 | |||
JRBFX | 1.21 | 0.27 | 0.16 | 10.80 | 0.99 | 2.73 | 15.74 | |||
JRETX | 0.47 | 0.07 | 0.00 | 1.31 | 0.40 | 1.07 | 3.08 | |||
JRGRX | 1.21 | 0.27 | 0.16 | 8.93 | 0.98 | 2.76 | 15.70 |