Financial Industries Correlations

Mutual Funds . USA . 
Fund . Financial Industries Fund
JFDRX Fund  USD 18.25  0.10  0.54%   
The current 90-days correlation between Financial Industries and Transamerica Mlp Energy is 0.45 (i.e., Very weak diversification). The correlation of Financial Industries 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.

Financial Industries Correlation With Market

Good diversification

The correlation between Financial Industries Fund and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Industries Fund 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 Financial Industries Fund. 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 metropolitan statistical area.

Moving together with Financial Mutual Fund

  0.72FRBAX Regional BankPairCorr
  0.72FRBCX Regional BankPairCorr
  0.66JQLMX Multimanager LifestylePairCorr
  0.75JQLBX Multimanager LifestylePairCorr
  0.75JQLAX Multimanager LifestylePairCorr
  0.77JQLGX Multimanager LifestylePairCorr
  0.72JRBFX Regional BankPairCorr
  0.74JRETX J Hancock IiPairCorr
  0.72JRGRX Regional BankPairCorr
  0.79JRLQX Retirement Living ThroughPairCorr
  0.74JRLUX Multi Index 2045PairCorr
  0.74JRLWX Retirement Living ThroughPairCorr
  0.79JRLVX Retirement Living ThroughPairCorr
  0.74JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.74JRODX J Hancock IiPairCorr
  0.72JAAFX Jhancock Multi IndexPairCorr
  0.72JAAJX Jhancock Multi IndexPairCorr
  0.66JAAIX Alternative AssetPairCorr
  0.83JAAKX Jhancock Multi IndexPairCorr
  0.66JAARX Alternative AssetPairCorr
  0.67JRTGX Retirement Living ThroughPairCorr
  0.67JRTIX Multi Index 2030PairCorr
  0.74JAAVX Jhancock MultimanagerPairCorr
  0.71JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Industries 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 Financial Industries' 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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