James Alpha Correlations

JACRX Fund

USD 13.99 0.06 0.43%

The current 90-days correlation between James Alpha Global and James Alpha Global is -0.12 (i.e., Good diversification). The correlation of James Alpha 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 Alpha Correlation With Market

Significant diversification

The correlation between James Alpha Global and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Global 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 Alpha Global. 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 metropolitan statistical area.

Moving together with JAMES Mutual Fund

0.97	JARIX	James Alpha Global	Pair Corr
0.97	JARSX	James Alpha Global	Pair Corr
0.97	JAREX	James Alpha Global	Pair Corr
0.84	DFGEX	Dfa Global Real	Pair Corr
0.93	VGRNX	Vanguard Global Ex	Pair Corr
0.96	DFITX	Dfa International Real	Pair Corr
0.93	VGRLX	Vanguard Global Ex	Pair Corr
0.95	PGRKX	Global Real Estate	Pair Corr
0.95	PGRUX	Global Real Estate	Pair Corr
0.93	PGRVX	Global Real Estate	Pair Corr
0.9	MGLAX	Mfs Global Real	Pair Corr
0.9	MGLIX	Mfs Global Real	Pair Corr

Moving against JAMES Mutual Fund

0.61	JDAEX	James Alpha Managed	Pair Corr
0.61	JDIEX	James Alpha Managed	Pair Corr
0.61	JDSEX	James Alpha Managed	Pair Corr
0.6	JDCEX	James Alpha Managed	Pair Corr
0.76	FTCAX	Templeton Strained Bond	Pair Corr
0.72	WCPSX	Mobile Telecommunicatio	Pair Corr
0.64	FGLGX	Fidelity Series Growth	Pair Corr
0.63	PYARX	Payden Absolute Return	Pair Corr
0.59	PYAIX	Payden Absolute Return	Pair Corr
0.59	GOODX	Goodhaven Fund Goodhaven	Pair Corr
0.59	VFIAX	Vanguard 500 Index	Pair Corr
0.58	VFINX	Vanguard 500 Index	Pair Corr
0.56	FAGIX	Fidelity Capital Income	Pair Corr
0.55	BCAAX	Brandywineglobal C	Pair Corr
0.48	LVAMX	Lsv Managed Volatility	Pair Corr

Related Correlations Analysis

	JAREX	JARIX	VGSAX	KIFCX	VGSCX
JAREX		1.0	0.9	0.1	0.91	JAREX
JARIX	1.0		0.9	0.1	0.91	JARIX
VGSAX	0.9	0.9		0.14	1.0	VGSAX
KIFCX	0.1	0.1	0.14		0.13	KIFCX
VGSCX	0.91	0.91	1.0	0.13		VGSCX
	JAREX	JARIX	VGSAX	KIFCX	VGSCX

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Risk-Adjusted Indicators

There is a big difference between JAMES Mutual Fund performing well and James Alpha 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 Alpha'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
JAREX	0.57	(0.08)	0.00	(0.18)	0.00	0.00	1.04	(1.48)	3.08
JARIX	0.56	(0.08)	0.00	(0.18)	0.00	0.00	1.02	(1.48)	2.97
VGSAX	0.59	(0.01)	(0.14)	0.04	0.74	(0.62)	1.07	(1.37)	3.36
KIFCX	0.31	0.04	(0.13)	0.33	0.30	(0.32)	0.65	(0.58)	1.80
VGSCX	0.59	(0.01)	(0.15)	0.02	0.74	(0.62)	1.09	(1.37)	3.35

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