James Small Correlations

JASCX Fund

USD 44.58 0.02 0.04%

The current 90-days correlation between James Small Cap and Hennessy Bp Midstream is 0.17 (i.e., Average diversification). The correlation of James Small 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 Small Correlation With Market

Almost no diversification

The correlation between James Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Small Cap 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 Small Cap. 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 unemployment.

Moving together with James Mutual Fund

0.88	JAVAX	James Aggressive All	Pair Corr
0.98	GLRBX	James Balanced Golden	Pair Corr
0.98	GLRIX	James Balanced Golden	Pair Corr
0.99	JMCRX	James Micro Cap	Pair Corr
0.93	VSMAX	Vanguard Small Cap	Pair Corr
0.93	VSCIX	Vanguard Small Cap	Pair Corr
0.93	VSCPX	Vanguard Small Cap	Pair Corr
0.93	NAESX	Vanguard Small Cap	Pair Corr
0.91	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.96	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.96	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.96	PASVX	T Rowe Price	Pair Corr
0.96	PRVIX	T Rowe Price	Pair Corr
0.89	BRUFX	Bruce Fund Bruce	Pair Corr
0.72	SPGSX	State Street Premier	Pair Corr
0.75	KF	Korea Closed	Pair Corr
0.85	ISNHX	Voya Solution 2030	Pair Corr
0.92	KAUFX	Federated Kaufmann	Pair Corr
0.68	LGBNX	Loomis Sayles Investment	Pair Corr
0.95	NWQIX	Nuveen Nwq Flexible	Pair Corr
0.98	IVKIX	Vy Invesco Stock	Pair Corr
0.85	VYGNX	Voya Global Multi	Pair Corr
0.83	IRGMX	Voya Retirement Moderate	Pair Corr
0.81	IMOAX	Transamerica Asset	Pair Corr
0.78	CUSRX	Cullen Small Cap	Pair Corr
0.93	ENGAX	Cboe Vest Sp	Pair Corr
0.9	GSIYX	Goldman Sachs Gqg	Pair Corr
0.93	NEZAX	Loomis Sayles Strategic	Pair Corr
0.97	ENHRX	Cullen Enhanced Equity	Pair Corr
0.86	DEBIX	Shelton Tactical Credit	Pair Corr
0.66	PIEFX	Pnc Emerging Markets	Pair Corr
0.89	HLMIX	Harding Loevner Inte	Pair Corr
0.79	BEMIX	Brandes Emerging Markets	Pair Corr
0.63	DCOIX	Delaware Tax Free	Pair Corr
0.97	TSVAX	Prudential Qma Small	Pair Corr

Related Correlations Analysis

	TTDAX	SHXPX	SEMCX	SFDYX	SIPIX	GILCX	BSVSX	DLCMX	SPTE	HMSFX
TTDAX		0.88	0.7	0.7	0.7	0.9	0.75	0.62	0.64	0.49	TTDAX
SHXPX	0.88		0.89	0.89	0.89	0.97	0.91	0.74	0.55	0.58	SHXPX
SEMCX	0.7	0.89		1.0	1.0	0.83	0.94	0.7	0.39	0.56	SEMCX
SFDYX	0.7	0.89	1.0		1.0	0.83	0.94	0.7	0.39	0.56	SFDYX
SIPIX	0.7	0.89	1.0	1.0		0.83	0.94	0.7	0.39	0.56	SIPIX
GILCX	0.9	0.97	0.83	0.83	0.83		0.85	0.74	0.53	0.66	GILCX
BSVSX	0.75	0.91	0.94	0.94	0.94	0.85		0.61	0.4	0.46	BSVSX
DLCMX	0.62	0.74	0.7	0.7	0.7	0.74	0.61		0.69	0.66	DLCMX
SPTE	0.64	0.55	0.39	0.39	0.39	0.53	0.4	0.69		0.29	SPTE
HMSFX	0.49	0.58	0.56	0.56	0.56	0.66	0.46	0.66	0.29		HMSFX
	TTDAX	SHXPX	SEMCX	SFDYX	SIPIX	GILCX	BSVSX	DLCMX	SPTE	HMSFX

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Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Small 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 Small'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
TTDAX	0.52	0.00	(0.02)	0.06	0.74	(0.54)	1.05	(1.40)	3.40
SHXPX	0.69	0.00	(0.01)	0.06	0.77	(0.72)	1.54	(1.25)	4.26
SEMCX	1.11	0.44	0.50	1.04	0.00	(1.44)	1.52	(1.40)	28.48
SFDYX	1.11	0.44	0.49	1.06	0.00	(1.44)	1.52	(1.36)	28.44
SIPIX	1.12	0.44	0.50	1.07	0.00	(1.44)	1.49	(1.40)	28.63
GILCX	0.52	(0.01)	(0.04)	0.05	0.55	(0.57)	1.01	(1.01)	3.04
BSVSX	1.16	0.14	0.12	0.18	0.99	(1.53)	1.97	(2.51)	16.49
DLCMX	0.54	0.06	0.02	0.32	0.57	(0.59)	1.27	(0.99)	2.91
SPTE	0.94	0.13	0.04	1.53	1.32	(0.88)	1.88	(2.31)	5.49
HMSFX	0.66	0.15	0.11	2.10	0.62	(0.76)	1.30	(1.09)	3.90

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James Small Correlations

James Small Correlation With Market

Almost no diversification

Moving together with James Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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