Blue Chip Correlations

JBGAX Fund

USD 56.20 0.82 1.48%

The current 90-days correlation between Blue Chip Growth and Ab Bond Inflation is 0.09 (i.e., Significant diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Weak diversification

The correlation between Blue Chip Growth and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Growth 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 Blue Chip Growth. 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 Blue Mutual Fund

0.87	FRBAX	Regional Bank	Pair Corr
0.87	FRBCX	Regional Bank	Pair Corr
0.76	JQLAX	Multimanager Lifestyle	Pair Corr
0.67	JQLGX	Multimanager Lifestyle	Pair Corr
0.88	JRBFX	Regional Bank	Pair Corr
0.76	JRETX	J Hancock Ii	Pair Corr
0.88	JRGRX	Regional Bank	Pair Corr
0.77	JROUX	J Hancock Ii	Pair Corr
0.77	JAAFX	Jhancock Multi Index	Pair Corr
0.78	JAAJX	Jhancock Multi Index	Pair Corr
0.77	JAAKX	Jhancock Multi Index	Pair Corr
0.78	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	ABNCX	TTRBX	ANBIX	DLTNX	ABNTX	ARTFX	GBXIX	RIBAX
ABNCX		0.96	0.97	0.87	1.0	0.79	0.79	0.89	ABNCX
TTRBX	0.96		0.93	0.91	0.95	0.72	0.86	0.95	TTRBX
ANBIX	0.97	0.93		0.89	0.97	0.83	0.8	0.85	ANBIX
DLTNX	0.87	0.91	0.89		0.84	0.57	0.97	0.95	DLTNX
ABNTX	1.0	0.95	0.97	0.84		0.82	0.75	0.85	ABNTX
ARTFX	0.79	0.72	0.83	0.57	0.82		0.48	0.53	ARTFX
GBXIX	0.79	0.86	0.8	0.97	0.75	0.48		0.94	GBXIX
RIBAX	0.89	0.95	0.85	0.95	0.85	0.53	0.94		RIBAX
	ABNCX	TTRBX	ANBIX	DLTNX	ABNTX	ARTFX	GBXIX	RIBAX

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Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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
ABNCX	0.15	0.02	0.38	0.43	0.07	(0.19)	0.30	(0.30)	0.90
TTRBX	0.15	0.01	0.40	0.56	0.06	(0.20)	0.41	(0.30)	0.91
ANBIX	0.14	0.03	0.42	(0.63)	0.00	(0.19)	0.38	(0.29)	0.98
DLTNX	0.22	0.02	0.30	(0.24)	0.16	(0.30)	0.57	(0.35)	1.40
ABNTX	0.15	0.02	0.35	0.96	0.06	(0.19)	0.30	(0.39)	0.99
ARTFX	0.11	0.01	0.42	(1.56)	0.00	(0.20)	0.44	(0.22)	1.22
GBXIX	0.24	0.01	0.24	(0.12)	0.24	(0.29)	0.53	(0.43)	1.39
RIBAX	0.23	0.02	0.26	0.26	0.19	(0.31)	0.58	(0.36)	1.54

Trending Assets

GBXIX

Nationwide Bond Index

9.63 -0.03 -0.31

ABNCX

Ab Bond Inflation

10.18 -0.05 -0.49

ARTFX

Artisan High Income

9.16 -0.01 -0.11

TTRBX

Ambrus Core Bond

9.98 -0.02 -0.2

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