James Alpha Correlations

Mutual Funds . USA . 
Fund . James Alpha Structured
JASVX Fund  USD 10.41  0.05  0.48%   
The current 90-days correlation between James Alpha Structured and James Alpha Managed is 0.03 (i.e., Significant 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

Poor diversification

The correlation between James Alpha Structured and DJI is 0.79 (i.e., Poor 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 persons.

Moving together with James Mutual Fund

  0.96JACRX James Alpha GlobalPairCorr
  0.96JARIX James Alpha GlobalPairCorr
  0.96JARSX James Alpha GlobalPairCorr
  0.96JAREX James Alpha GlobalPairCorr
  0.98JASSX James Alpha StructuredPairCorr
  1.0JSVCX James Alpha StructuredPairCorr
  0.98JSVIX James Alpha StructuredPairCorr
  0.97PONAX Pimco IncomePairCorr
  0.97PONCX Pimco IncomePairCorr
  0.97PIPNX Pimco IncomePairCorr
  0.97PONRX Pimco IncomePairCorr
  0.97PONPX Pimco Incme FundPairCorr
  0.97PIINX Pimco IncomePairCorr
  0.97PIMIX Pimco IncomePairCorr
  0.94LBNDX Lord Abbett BondPairCorr
  0.95FSTAX Fidelity Advisor StrPairCorr
  0.96FSRIX Fidelity Advisor StrPairCorr
  0.8SMPIX Semiconductor UltrasectorPairCorr
  0.8SMPSX Semiconductor Ultrasector Potential GrowthPairCorr
  0.9OSPPX Oppenheimer Steelpath MlpPairCorr
  0.9MLPNX Oppenheimer Steelpath MlpPairCorr
  0.9SPMPX Invesco Steelpath MlpPairCorr
  0.9MLPLX Oppenheimer Steelpath MlpPairCorr
  0.9SPMJX Invesco Steelpath MlpPairCorr
  0.84PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.9MLPMX Oppenheimer Steelpath MlpPairCorr
  0.84PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.82HRATX Hartford GrowthPairCorr
  0.8ASGI Aberdeen Standard Global Normal TradingPairCorr
  0.9ICLLX Transamerica AssetPairCorr
  0.91LFTAX Lincoln Inflation PlusPairCorr
  0.8PKSCX Virtus Kar SmallPairCorr
  0.72DMCYX Dreyfus OpportunisticPairCorr
  0.93SGOVX First Eagle OverseasPairCorr
  0.94AMKIX Emerging MarketsPairCorr

Related Correlations Analysis


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.

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