James Aggressive Correlations

Mutual Funds . USA . 
Fund . James Aggressive Allocation
JAVAX Fund  USD 17.14  0.09  0.53%   
The current 90-days correlation between James Aggressive All and James Micro Cap is 0.77 (i.e., Poor diversification). The correlation of James Aggressive 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 Aggressive Correlation With Market

Almost no diversification

The correlation between James Aggressive Allocation and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Aggressive 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 James Aggressive 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 nation.

Moving together with James Mutual Fund

  0.94JASCX James Small CapPairCorr
  0.89GLRBX James Balanced GoldenPairCorr
  0.89GLRIX James Balanced GoldenPairCorr
  0.95JMCRX James Micro CapPairCorr
  0.96AMECX Income FundPairCorr
  0.96IFACX Income FundPairCorr
  0.96IFAFX Income FundPairCorr
  0.88FFIFX American FundsPairCorr
  0.88FAIFX American FundsPairCorr
  0.88RIDBX Income FundPairCorr
  0.88CIMEX Income FundPairCorr
  0.96RIDFX Income FundPairCorr
  0.88CIMCX Income FundPairCorr
  0.96CIMFX Income FundPairCorr
  0.81MGGYX Mirova Global GreenPairCorr
  0.92HLDIX Hartford EmergingPairCorr
  0.93HLDRX Hartford EmergingPairCorr
  0.92HLDAX Hartford EmergingPairCorr
  0.93HLDCX Hartford EmergingPairCorr
  0.93HLDTX Hartford EmergingPairCorr
  0.89FEGIX First Eagle Gold Steady GrowthPairCorr
  0.82SVSPX Ssga Sp 500PairCorr
  0.94VWEAX Vanguard High YieldPairCorr
  0.92GEMRX Aberdeen Emerging MarketsPairCorr
  0.75GSOSX Goldman Sachs GovernmentPairCorr
  0.76FKGRX Franklin GrowthPairCorr
  0.98JNTOX Jpmorgan Smartretirement*PairCorr
  0.95RCMTX American Funds 2055PairCorr
  0.72RTLCX Tax Managed LargePairCorr
  0.88QVGIX Oppenheimer Gbl AllocPairCorr
  0.93AMKIX Emerging MarketsPairCorr
  0.97FAGIX Fidelity Capital IncomePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.88ROBAX Robinson Tax AdvantagedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Aggressive 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 Aggressive'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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