Alternative Asset Correlations

JAAPX Fund

USD 16.16 0.06 0.37%

The current 90-days correlation between Alternative Asset and Mfs International Diversification is 0.15 (i.e., Average 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

Very weak diversification

The correlation between Alternative Asset Allocation and DJI is 0.56 (i.e., Very weak 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 american community survey.

Moving together with Alternative Mutual Fund

0.8	JQLMX	Multimanager Lifestyle	Pair Corr
0.9	JQLBX	Multimanager Lifestyle	Pair Corr
0.83	JQLAX	Multimanager Lifestyle	Pair Corr
0.88	JQLGX	Multimanager Lifestyle	Pair Corr
0.83	JRETX	J Hancock Ii	Pair Corr
0.64	JRLDX	Retirement Living Through	Pair Corr
0.73	JRLIX	Retirement Living Through	Pair Corr
0.65	JRLHX	Retirement Living Through	Pair Corr
0.71	JRLKX	Multi Index 2015	Pair Corr
0.72	JRLLX	Retirement Living Through	Pair Corr
0.78	JRLOX	Retirement Living Through	Pair Corr
0.86	JRLQX	Retirement Living Through	Pair Corr
0.9	JRLUX	Multi Index 2045	Pair Corr
0.88	JRLWX	Retirement Living Through	Pair Corr
0.85	JRLVX	Retirement Living Through	Pair Corr
0.88	JRLZX	Retirement Living Through	Pair Corr
0.89	JRODX	J Hancock Ii	Pair Corr
0.84	JAAFX	Jhancock Multi Index	Pair Corr
0.85	JAAJX	Jhancock Multi Index	Pair Corr
0.92	JAAIX	Alternative Asset	Pair Corr
0.84	JAAKX	Jhancock Multi Index	Pair Corr
0.81	JRTBX	Retirement Living Through	Pair Corr
1.0	JAARX	Alternative Asset	Pair Corr
0.99	JAASX	Alternative Asset	Pair Corr
0.89	JRTIX	Multi Index 2030	Pair Corr
0.87	JRTKX	Retirement Living Through	Pair Corr
0.9	JRTMX	Multi Index 2035	Pair Corr
0.9	JRTNX	Retirement Living Through	Pair Corr
0.86	JABDX	Jhancock Multimanager	Pair Corr
0.77	JABFX	Jhancock Real Estate	Pair Corr
0.86	JRTWX	Retirement Living Through	Pair Corr
1.0	JAAAX	Alternative Asset	Pair Corr
0.99	JAACX	Alternative Asset	Pair Corr
0.88	JRTYX	Multi Index 2050	Pair Corr

Related Correlations Analysis

	MDIJX	ABRYX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
MDIJX		0.94	0.0	0.47	0.08	-0.76	0.47	-0.67	-0.48	0.27	MDIJX
ABRYX	0.94		0.0	0.66	0.29	-0.57	0.69	-0.48	-0.35	0.38	ABRYX
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.47	0.66	0.0		0.67	-0.11	0.81	-0.02	0.15	0.78	MSTSX
LBHIX	0.08	0.29	0.0	0.67		0.19	0.71	0.27	0.09	0.46	LBHIX
VIASP	-0.76	-0.57	0.0	-0.11	0.19		-0.01	0.79	0.53	-0.12	VIASP
RRTLX	0.47	0.69	0.0	0.81	0.71	-0.01		0.05	0.01	0.51	RRTLX
OSHDF	-0.67	-0.48	0.0	-0.02	0.27	0.79	0.05		0.35	-0.08	OSHDF
70082LAB3	-0.48	-0.35	0.0	0.15	0.09	0.53	0.01	0.35		0.27	70082LAB3
SITKF	0.27	0.38	0.0	0.78	0.46	-0.12	0.51	-0.08	0.27		SITKF
	MDIJX	ABRYX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ABRYX	+ 0.94	MDIJX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
SITKF	+ 0.78	MSTSX
RRTLX	+ 0.71	LBHIX
RRTLX	+ 0.69	ABRYX

High negative correlations

VIASP	- 0.76	MDIJX
OSHDF	- 0.67	MDIJX
VIASP	- 0.57	ABRYX
OSHDF	- 0.48	ABRYX
70082LAB3	- 0.48	MDIJX
70082LAB3	- 0.35	ABRYX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDIJX	0.57	(0.04)	0.00	0.62	0.00	0.00	1.10	(1.26)	3.85
ABRYX	0.47	(0.02)	(0.22)	(0.10)	0.53	(0.57)	1.07	(1.09)	2.69
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27
SITKF	5.54	1.04	0.14	4.02	5.03	(8.12)	14.29	(9.09)	32.64

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