James Alpha Correlations
JDAEX Fund | USD 13.20 0.10 0.76% |
The current 90-days correlation between James Alpha Managed and Rbb Fund is 0.25 (i.e., Modest 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
Very weak diversification
The correlation between James Alpha Managed and DJI is 0.46 (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 Managed and DJI in the same portfolio, assuming nothing else is changed.
James |
Moving together with James Mutual Fund
0.61 | JACRX | James Alpha Global | PairCorr |
0.62 | JARIX | James Alpha Global | PairCorr |
0.62 | JARSX | James Alpha Global | PairCorr |
0.62 | JAREX | James Alpha Global | PairCorr |
1.0 | JDCEX | James Alpha Managed | PairCorr |
1.0 | JDIEX | James Alpha Managed | PairCorr |
1.0 | JDSEX | James Alpha Managed | PairCorr |
0.8 | JHQCX | Jpmorgan Hedged Equity | PairCorr |
0.82 | JHEQX | Jpmorgan Hedged Equity | PairCorr |
0.81 | JHQAX | Jpmorgan Hedged Equity | PairCorr |
0.97 | GTENX | Gateway Fund Class | PairCorr |
0.97 | GTEYX | Gateway Fund Class | PairCorr |
0.96 | GATEX | Gateway Fund Class | PairCorr |
0.82 | JHDCX | Jpmorgan Hedged Equity | PairCorr |
0.78 | JHDRX | Jpmorgan Hedged Equity | PairCorr |
0.83 | JHDAX | Jpmorgan Hedged Equity | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
OPTCX | 0.08 | (0.01) | 0.00 | 0.97 | 0.00 | 0.21 | 0.93 | |||
FKHEMX | 0.68 | 0.02 | 0.04 | 0.05 | 0.96 | 1.38 | 3.83 | |||
FLKYPX | 0.84 | 0.03 | 0.03 | 0.12 | 1.41 | 1.80 | 6.36 | |||
IAADX | 0.19 | 0.02 | 0.16 | 0.62 | 0.10 | 0.44 | 0.88 | |||
WMCANX | 0.50 | 0.06 | 0.09 | 0.14 | 0.60 | 1.05 | 2.68 | |||
HDCAX | 0.52 | 0.01 | 0.04 | 0.00 | 0.58 | 1.00 | 2.68 | |||
FURYAX | 0.57 | 0.05 | 0.09 | 0.17 | 0.67 | 1.21 | 2.96 |