Edward Jones Correlations
| JRSXX Fund | USD 1.00 0.00 0.00% |
The correlation of Edward Jones 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.
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Risk-Adjusted Indicators
There is a big difference between Edward Money Market Fund performing well and Edward Jones Money Market 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 Edward Jones' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UPAAX | 1.21 | 0.26 | 0.10 | 3.82 | 1.25 | 2.67 | 7.75 | |||
| JDVNX | 0.56 | 0.10 | (0.04) | 2.29 | 0.42 | 1.19 | 5.12 | |||
| LMUSX | 0.55 | 0.19 | 0.09 | 2.93 | 0.46 | 1.28 | 4.08 | |||
| DFELX | 0.51 | 0.05 | 0.03 | 0.19 | 0.52 | 1.15 | 3.90 | |||
| AMONX | 0.63 | 0.10 | 0.10 | 0.23 | 0.55 | 1.63 | 4.55 | |||
| HBAAX | 0.33 | 0.06 | (0.15) | 2.11 | 0.33 | 0.76 | 2.07 | |||
| RTLCX | 0.49 | 0.12 | (0.02) | 10.30 | 0.48 | 1.05 | 4.06 |