Financial Industries Correlations

Mutual Funds . USA . 
Fund . Financial Industries Fund
JFIFX Fund  USD 18.55  0.02  0.11%   
The current 90-days correlation between Financial Industries and Pioneer High Income is 0.37 (i.e., 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

Average diversification

The correlation between Financial Industries Fund and DJI is 0.16 (i.e., Average 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 census.

Moving together with Financial Mutual Fund

  0.87FRBAX Regional BankPairCorr
  0.74FRBCX Regional BankPairCorr
  0.7JQLMX Multimanager LifestylePairCorr
  0.68JQLBX Multimanager LifestylePairCorr
  0.78JQLAX Multimanager LifestylePairCorr
  0.69JQLCX Multimanager LifestylePairCorr
  0.75JQLGX Multimanager LifestylePairCorr
  0.75JRBFX Regional BankPairCorr
  0.75JRETX J Hancock IiPairCorr
  0.87JRGRX Regional BankPairCorr
  0.68JRLDX Retirement Living ThroughPairCorr
  0.7JRLFX Multi Index 2010PairCorr
  0.7JRLIX Retirement Living ThroughPairCorr
  0.66JRLHX Retirement Living ThroughPairCorr
  0.7JRLKX Multi Index 2015PairCorr
  0.71JRLLX Retirement Living ThroughPairCorr
  0.72JRLOX Retirement Living ThroughPairCorr
  0.65JRLQX Retirement Living ThroughPairCorr
  0.71JRLPX Multi Index 2020PairCorr
  0.65JRLUX Multi Index 2045PairCorr
  0.63JRLWX Retirement Living ThroughPairCorr
  0.65JRLVX Retirement Living ThroughPairCorr
  0.75JROUX J Hancock IiPairCorr
  0.67JAAFX Jhancock Multi IndexPairCorr
  0.76JAAJX Jhancock Multi IndexPairCorr
  0.67JAAKX Jhancock Multi IndexPairCorr
  0.71JRTBX Retirement Living ThroughPairCorr
  0.7JRTAX Retirement Living ThroughPairCorr
  0.71JRTDX Multi Index 2025PairCorr
  0.7JRTGX Retirement Living ThroughPairCorr
  0.71JRTFX Retirement Living ThroughPairCorr
  0.7JRTIX Multi Index 2030PairCorr
  0.76JAAVX Jhancock MultimanagerPairCorr
  0.68JRTKX 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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