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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SCYVX | 0.92 | 0.09 | (0.03) | 0.92 | 0.96 | 1.95 | 7.36 | |||
AUERX | 0.67 | (0.04) | (0.07) | 0.09 | 0.67 | 1.62 | 4.16 | |||
TRBCX | 0.68 | 0.11 | 0.07 | 0.28 | 0.71 | 1.66 | 4.86 | |||
SMPIX | 2.55 | 0.17 | 0.01 | 1.80 | 3.80 | 4.26 | 17.06 | |||
CNGLX | 0.54 | 0.00 | (0.16) | 0.15 | 0.78 | 1.04 | 3.68 | |||
VOLMX | 0.57 | 0.02 | 0.01 | 0.16 | 0.40 | 1.14 | 4.49 | |||
NQQQX | 0.87 | (0.01) | (0.07) | 0.05 | 1.85 | 1.55 | 9.55 | |||
RYMBX | 0.89 | 0.06 | (0.09) | (0.18) | 1.09 | 1.84 | 4.53 |