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

BlueDowDiversified AwayBlueDowDiversified Away100%

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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Blue Chip Growth. 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 Blue Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.88FRBCX Regional BankPairCorr
  0.73JQLBX Multimanager LifestylePairCorr
  0.87JQLAX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.89JRBFX Regional BankPairCorr
  0.9JRETX J Hancock IiPairCorr
  0.89JRGRX Regional BankPairCorr
  0.87JRLQX Retirement Living ThroughPairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.9JRLWX Retirement Living ThroughPairCorr
  0.88JRLVX Retirement Living ThroughPairCorr
  0.9JRLZX Retirement Living ThroughPairCorr
  0.92JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.9JAAFX Jhancock Multi IndexPairCorr
  0.77JAAIX Alternative AssetPairCorr
  0.88JAAKX Jhancock Multi IndexPairCorr
  0.77JAAPX Alternative AssetPairCorr
  0.8JAARX Alternative AssetPairCorr
  0.64JRTGX Retirement Living ThroughPairCorr
  0.79JAASX Alternative AssetPairCorr
  0.64JRTIX Multi Index 2030PairCorr
  0.92JAAVX Jhancock MultimanagerPairCorr
  0.64JRTJX Retirement Living ThroughPairCorr
  0.92JAAWX Jhancock MultimanagerPairCorr

Moving against Blue Mutual Fund

  0.71JABTX John Hancock OpportuPairCorr
  0.43JABYX John Hancock GlobalPairCorr
  0.36JABVX John Hancock GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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