James Aggressive Correlations

Mutual Funds . USA . 
Fund . James Aggressive Allocation
JAVAX Fund  USD 16.88  0.10  0.59%   
The current 90-days correlation between James Aggressive All and Morningstar Growth Etf is 0.55 (i.e., Very weak 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 0.93 (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

  0.88JASCX James Small CapPairCorr
  0.89GLRBX James Balanced GoldenPairCorr
  0.89GLRIX James Balanced GoldenPairCorr
  0.91JMCRX James Micro CapPairCorr
  0.92IFAFX Income FundPairCorr
  0.81AMECX Income FundPairCorr
  0.82IFACX Income FundPairCorr
  0.82FFIFX American FundsPairCorr
  0.82FAIFX American FundsPairCorr
  0.82RIDBX Income FundPairCorr
  0.82CIMEX Income FundPairCorr
  0.82RIDFX Income FundPairCorr
  0.82CIMCX Income FundPairCorr
  0.82CIMFX Income FundPairCorr
  0.78NHS Neuberger Berman HighPairCorr
  0.97GCTIX Goldman Sachs TaxPairCorr
  0.85SISAX Saat Tax ManagedPairCorr
  0.85ISCAX Federated InternationalPairCorr
  0.96INPFX American Funds IncomePairCorr
  0.81GSIIX Goldman Sachs GrowthPairCorr
  0.97VTWNX Vanguard Target RetiPairCorr
  0.89RYMRX Guggenheim Multi HedgePairCorr
  0.85CIMDX Clarkston FoundersPairCorr
  0.95LOWIX Ladenburg Growth IncomePairCorr
  0.9PASCX All Asset FundPairCorr
  0.84SWRLX Sentinel InternationalPairCorr
  0.82MWOFX Mfs Global GrowthPairCorr
  0.82TEQLX Tiaa Cref EmergingPairCorr
  0.97VTIVX Vanguard Target RetiPairCorr
  0.8FIZRX Delaware OpportunityPairCorr
  0.91GRRTX Goldman Sachs AbsolutePairCorr
  0.85EPSIX Mainstay Epoch GlobalPairCorr
  0.92CZAMX Active Portfolios MultiPairCorr
  0.8THIQX Thornburg Limited TermPairCorr
  0.91TRROX T Rowe PricePairCorr
  0.75FSMNX Fidelity Sai MunicipalPairCorr
  0.75STREX Sterling Capital EquityPairCorr
  0.88GSITX Goldman Sachs SmallPairCorr
  0.88MSSIX Victory TrivalentPairCorr

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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