James Balanced Correlations

Mutual Funds . USA . 
Fund . James Balanced Golden
GLRIX Fund  USD 22.60  0.10  0.44%   
The current 90-days correlation between James Balanced Golden and Westwood Income Opportunity is 0.9 (i.e., Almost no diversification). The correlation of James Balanced 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.

James Balanced Correlation With Market

Very poor diversification

The correlation between James Balanced Golden and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Balanced Golden 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 James Balanced Golden. 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 gross domestic product.

Moving together with James Mutual Fund

  0.72JASCX James Small CapPairCorr
  0.88JAVAX James Aggressive AllPairCorr
  1.0GLRBX James Balanced GoldenPairCorr
  0.67JMCRX James Micro CapPairCorr
  0.69VWINX Vanguard Wellesley IncomePairCorr
  0.7VWIAX Vanguard Wellesley IncomePairCorr
  0.84BKMIX Blackrock Multi AssetPairCorr
  0.89HBLTX Hartford BalancedPairCorr
  0.88HBLRX Hartford BalancedPairCorr
  0.88HBLSX Hartford BalancedPairCorr
  0.89HBLVX Hartford BalancedPairCorr
  0.89HBLYX Hartford BalancedPairCorr
  0.87HBLCX Hartford BalancedPairCorr
  0.88HBLIX Hartford BalancedPairCorr
  0.79DXQLX Direxion Monthly NasdaqPairCorr
  0.79RYVLX Nasdaq 100 2xPairCorr
  0.79RYVYX Nasdaq 100 2xPairCorr
  0.79UOPIX Ultra Nasdaq 100PairCorr
  0.79RYCCX Nasdaq 100 2xPairCorr
  0.79UOPSX Ultranasdaq 100 ProfundPairCorr
  0.61INPIX Internet UltrasectorPairCorr
  0.61INPSX Internet UltrasectorPairCorr
  0.96VASGX Vanguard LifestrategyPairCorr
  0.78RGAGX Growth FundPairCorr
  0.62MVTRX Transamerica Mid CapPairCorr
  0.66MUTHX Franklin Mutual SharesPairCorr
  0.86VWELX Vanguard WellingtonPairCorr
  0.79CLXRX Columbia Large CapPairCorr
  0.84FDSVX Fidelity Growth DiscoveryPairCorr
  0.72SECIX Guggenheim Large CapPairCorr
  0.86JHJAX John Hancock EsgPairCorr
  0.74SWLGX Schwab Large CapPairCorr
  0.83VVIAX Vanguard Value IndexPairCorr
  0.66FADMX Fidelity Advisor StrPairCorr
  0.64BOSOX Boston Trust SmallPairCorr
  0.67FIQFX Fidelity China RegionPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Balanced 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 James Balanced's 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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