James Alpha Correlations

JASVX Fund

USD 10.39 0.01 0.1%

The current 90-days correlation between James Alpha Structured and Prudential Health Sciences is -0.04 (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

Very weak diversification

The correlation between James Alpha Structured and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Structured 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 Structured. 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 private.

Moving together with James Mutual Fund

0.61	JARIX	James Alpha Global	Pair Corr
0.99	JASSX	James Alpha Structured	Pair Corr
0.76	JSVCX	James Alpha Structured	Pair Corr
0.76	JSVIX	James Alpha Structured	Pair Corr
0.71	PONAX	Pimco Income	Pair Corr
0.71	PONCX	Pimco Income	Pair Corr
0.7	PIPNX	Pimco Income	Pair Corr
0.7	PONRX	Pimco Income	Pair Corr
0.7	PONPX	Pimco Incme Fund	Pair Corr
0.7	PIINX	Pimco Income	Pair Corr
0.7	PIMIX	Pimco Income	Pair Corr
0.66	LBNDX	Lord Abbett Bond	Pair Corr
0.61	FSTAX	Fidelity Advisor Str	Pair Corr
0.62	FSRIX	Fidelity Advisor Str	Pair Corr
0.74	CMSCX	Columbia Small Cap	Pair Corr
0.74	RRFDX	T Rowe Price	Pair Corr
0.71	BPLSX	Boston Partners Longshort	Pair Corr
0.75	FMCRX	Federated Mid Cap	Pair Corr
0.76	GTSCX	Small Cap Equity	Pair Corr
0.9	PISLX	Columbia Pyrford Int	Pair Corr
0.69	SBASX	Segall Bryant Hamill	Pair Corr
0.67	GPAPX	Goldman Sachs Short	Pair Corr

Moving against James Mutual Fund

0.72	CESGX	Coho Relative Value	Pair Corr
0.68	UIPIX	Ultrashort Mid Cap	Pair Corr
0.58	TCTGX	Transamerica Cleartrack	Pair Corr
0.58	TDKTX	Cleartrack 2015 Class	Pair Corr
0.58	TCTJX	Transamerica Cleartrack	Pair Corr
0.57	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	DLRHX	HCPIX	AHSCX	HBGHX	ETAHX	SWHFX	HIAHX	PJHRX
DLRHX		0.83	0.9	0.9	0.9	0.89	0.91	0.85	DLRHX
HCPIX	0.83		0.94	0.98	0.88	0.92	0.98	0.79	HCPIX
AHSCX	0.9	0.94		0.97	0.96	0.9	0.97	0.82	AHSCX
HBGHX	0.9	0.98	0.97		0.94	0.93	1.0	0.83	HBGHX
ETAHX	0.9	0.88	0.96	0.94		0.81	0.94	0.72	ETAHX
SWHFX	0.89	0.92	0.9	0.93	0.81		0.94	0.93	SWHFX
HIAHX	0.91	0.98	0.97	1.0	0.94	0.94		0.83	HIAHX
PJHRX	0.85	0.79	0.82	0.83	0.72	0.93	0.83		PJHRX
	DLRHX	HCPIX	AHSCX	HBGHX	ETAHX	SWHFX	HIAHX	PJHRX

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
DLRHX	0.87	0.21	0.25	0.39	0.40	(1.10)	2.09	(1.15)	7.60
HCPIX	0.95	0.13	0.10	0.25	0.87	(1.10)	2.94	(1.48)	6.65
AHSCX	0.82	0.15	0.12	0.41	0.69	(1.00)	2.05	(1.32)	5.46
HBGHX	0.64	0.13	0.14	0.31	0.38	(0.82)	1.87	(1.00)	3.93
ETAHX	1.13	0.23	0.17	0.57	0.85	(1.35)	3.27	(1.79)	5.64
SWHFX	0.65	0.17	0.18	0.51	0.33	(0.82)	2.04	(0.97)	4.56
HIAHX	0.64	0.13	0.14	0.30	0.38	(0.80)	1.91	(0.98)	3.93
PJHRX	1.12	0.38	0.42	0.60	0.27	(1.46)	2.08	(1.16)	21.80

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