1290 Funds Correlations

ESCFX Fund

USD 12.20 0.10 0.83%

The current 90-days correlation between 1290 Funds and Dreyfusstandish Global Fixed is 0.31 (i.e., Weak diversification). The correlation of 1290 Funds 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.

1290 Funds Correlation With Market

Very weak diversification

The correlation between 1290 Funds and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Funds and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 1290 Funds . 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 1290 Mutual Fund

1.0	ESCKX	1290 Funds	Pair Corr
0.9	ESCJX	1290 Essex Small	Pair Corr
0.68	TNRAX	1290 Funds Potential Growth	Pair Corr
0.67	TNXIX	1290 Retirement 2060 Potential Growth	Pair Corr
0.77	VSGAX	Vanguard Small Cap	Pair Corr
0.86	VSGIX	Vanguard Small Cap	Pair Corr
0.86	VISGX	Vanguard Small Cap Potential Growth	Pair Corr
0.61	VEXPX	Vanguard Explorer	Pair Corr
0.61	VEXRX	Vanguard Explorer	Pair Corr

Related Correlations Analysis

	DHGCX	SMNIX	REVAX	FITSX	GMCOX	PIEQX	MFIRX
DHGCX		0.21	0.79	0.96	0.94	0.71	0.63	DHGCX
SMNIX	0.21		0.05	0.28	0.24	0.08	0.17	SMNIX
REVAX	0.79	0.05		0.73	0.78	0.86	0.72	REVAX
FITSX	0.96	0.28	0.73		0.92	0.67	0.59	FITSX
GMCOX	0.94	0.24	0.78	0.92		0.68	0.54	GMCOX
PIEQX	0.71	0.08	0.86	0.67	0.68		0.91	PIEQX
MFIRX	0.63	0.17	0.72	0.59	0.54	0.91		MFIRX
	DHGCX	SMNIX	REVAX	FITSX	GMCOX	PIEQX	MFIRX

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Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Funds 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 1290 Funds' 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
DHGCX	0.17	0.02	0.19	0.24	0.03	(0.24)	0.37	(0.36)	1.10
SMNIX	0.39	0.02	0.10	(0.36)	0.34	(0.56)	0.96	(0.73)	1.98
REVAX	0.66	0.07	0.09	0.16	0.77	(0.75)	1.28	(1.38)	3.31
FITSX	0.27	0.03	0.15	0.30	0.24	(0.32)	0.57	(0.46)	1.60
GMCOX	0.23	0.02	0.15	(0.44)	0.16	(0.29)	0.61	(0.49)	1.24
PIEQX	0.56	0.09	0.14	(0.54)	0.68	(0.63)	1.16	(1.09)	3.81
MFIRX	0.11	0.03	0.19	0.76	0.00	(0.21)	0.19	(0.19)	0.76

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1290 Funds Correlations

1290 Funds Correlation With Market

Very weak diversification

Moving together with 1290 Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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