Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAAAX Fund  USD 16.84  0.00  0.00%   
The current 90-days correlation between Alternative Asset and Regional Bank Fund is 0.35 (i.e., Weak diversification). The correlation of Alternative Asset 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.

Alternative Asset Correlation With Market

Average diversification

The correlation between Alternative Asset Allocation and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Asset Allocation 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 Alternative Asset Allocation. 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 nation.

Moving together with Alternative Mutual Fund

  0.85FRBAX Regional BankPairCorr
  0.86FRBCX Regional BankPairCorr
  0.88JQLMX Multimanager LifestylePairCorr
  0.85JQLBX Multimanager LifestylePairCorr
  0.84JQLAX Multimanager LifestylePairCorr
  0.91JQLCX Multimanager LifestylePairCorr
  0.85JQLGX Multimanager LifestylePairCorr
  0.82JRBFX Regional BankPairCorr
  0.89JRETX J Hancock IiPairCorr
  0.82JRGRX Regional BankPairCorr
  0.93JRLDX Retirement Living ThroughPairCorr
  0.93JRLFX Multi Index 2010PairCorr
  0.92JRLIX Retirement Living ThroughPairCorr
  0.92JRLHX Retirement Living ThroughPairCorr
  0.92JRLKX Multi Index 2015PairCorr
  0.93JRLLX Retirement Living ThroughPairCorr
  0.92JRLOX Retirement Living ThroughPairCorr
  0.92JRLQX Retirement Living ThroughPairCorr
  0.92JRLPX Multi Index 2020PairCorr
  0.91JRLUX Multi Index 2045PairCorr
  0.91JRLWX Retirement Living ThroughPairCorr
  0.92JRLVX Retirement Living ThroughPairCorr
  0.91JRLZX Retirement Living ThroughPairCorr
  0.89JROUX J Hancock IiPairCorr
  0.91JRODX J Hancock IiPairCorr
  0.91JAAFX Jhancock Multi IndexPairCorr
  0.95JAAIX Alternative AssetPairCorr
  0.91JAAKX Jhancock Multi IndexPairCorr
  0.95JAAPX Alternative AssetPairCorr
  0.92JRTBX Retirement Living ThroughPairCorr
  0.92JRTAX Retirement Living ThroughPairCorr
  0.95JAARX Alternative AssetPairCorr
  0.92JRTDX Multi Index 2025PairCorr
  0.91JRTGX Retirement Living ThroughPairCorr
  0.92JRTFX Retirement Living ThroughPairCorr
  0.95JAASX Alternative AssetPairCorr
  0.91JRTIX Multi Index 2030PairCorr
  0.9JAAVX Jhancock MultimanagerPairCorr
  0.91JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Asset 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 Alternative Asset'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  0.98  0.22  0.13  0.49  1.07 
(1.16)
 2.70 
(1.52)
 7.64 
FRBCX  0.99  0.22  0.14  0.49  1.04 
(1.22)
 2.70 
(1.47)
 8.17 
JQLMX  0.32  0.06  0.04  0.22  0.00 
(0.41)
 0.58 
(0.58)
 4.14 
JQLBX  0.50  0.14  0.21  0.37  0.00 
(0.64)
 0.81 
(0.80)
 9.18 
JQLAX  0.80  0.25  0.29  0.43  0.32 
(0.98)
 1.22 
(1.35)
 16.40 
JQLCX  0.15  0.00 (0.22) 0.05  0.11 
(0.20)
 0.33 
(0.33)
 0.82 
JQLGX  0.67  0.21  0.27  0.41  0.15 
(0.87)
 1.05 
(1.12)
 13.44 
JRBFX  0.96  0.18  0.14  0.23  1.02 
(1.19)
 2.74 
(1.09)
 7.66 
JRETX  0.60  0.07  0.07  0.16  0.62 
(0.68)
 1.13 
(1.31)
 4.88 
JRGRX  0.96  0.18  0.14  0.23  1.05 
(1.15)
 2.74 
(1.09)
 7.62 

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