James Aggressive Correlations

Mutual Funds . USA . 
Fund . James Aggressive Allocation
JAVAX Fund  USD 16.55  0.01  0.06%   
The current 90-days correlation between James Aggressive All and Gmo High Yield is 0.15 (i.e., Average 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

Very poor diversification

The correlation between James Aggressive Allocation and DJI is 0.81 (i.e., Very poor 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

  0.84JASCX James Small CapPairCorr
  0.83GLRBX James Balanced GoldenPairCorr
  0.83GLRIX James Balanced GoldenPairCorr
  0.82JMCRX James Micro CapPairCorr
  0.84IFAFX Income FundPairCorr
  0.63AMECX Income FundPairCorr
  0.66IFACX Income FundPairCorr
  0.66RIDBX Income FundPairCorr
  0.66CIMEX Income FundPairCorr
  0.66RIDFX Income FundPairCorr
  0.66CIMCX Income FundPairCorr
  0.66CIMFX Income FundPairCorr
  0.66SMPSX Semiconductor UltrasectorPairCorr
  0.69SMPIX Semiconductor UltrasectorPairCorr
  0.61RMQHX Monthly RebalancePairCorr
  0.67FIKGX Fidelity Advisor SemPairCorr
  0.63FGPMX Franklin Gold AndPairCorr
  0.68TTEEX T Rowe Price Steady GrowthPairCorr
  0.68TREMX T Rowe Price Steady GrowthPairCorr
  0.78USMIX Extended Market IndexPairCorr
  0.77JRSSX Intech Managed VolatilityPairCorr
  0.96VDEQX Vanguard DiversifiedPairCorr
  0.64JDERX Prudential Jennison MidPairCorr
  0.74GGSAX Goldman Sachs GrowthPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.73IGICX International Growth AndPairCorr
  0.74TCQPX Tiaa Cref LifecyclePairCorr
  0.82BXHYX Barings High YieldPairCorr
  0.64EGINX Invesco European GrowthPairCorr
  0.77OAKIX Oakmark InternationalPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.69RWIEX Capital World GrowthPairCorr

Moving against James Mutual Fund

  0.32RMQCX Monthly RebalancePairCorr

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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