Core Bond Correlations

Mutual Funds . USA . 
Fund . Core Bond Fund
JICDX Fund  USD 10.65  0.06  0.56%   
The current 90-days correlation between Core Bond Fund and Regional Bank Fund is 0.07 (i.e., Significant diversification). The correlation of Core Bond 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.

Core Bond Correlation With Market

Average diversification

The correlation between Core Bond Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Bond Fund 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 Core Bond Fund. 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 unemployment.

Moving together with Core Mutual Fund

  0.63JRETX J Hancock IiPairCorr
  0.84JRLFX Multi Index 2010PairCorr
  0.84JRLKX Multi Index 2015PairCorr
  0.84JRLLX Retirement Living ThroughPairCorr
  0.65JRLQX Retirement Living ThroughPairCorr
  0.85JRLPX Multi Index 2020PairCorr
  0.65JRLUX Multi Index 2045PairCorr
  0.65JRLVX Retirement Living ThroughPairCorr
  0.63JROUX J Hancock IiPairCorr
  0.66JAAFX Jhancock Multi IndexPairCorr
  0.66JAAJX Jhancock Multi IndexPairCorr
  0.66JAAKX Jhancock Multi IndexPairCorr
  0.84JRTDX Multi Index 2025PairCorr
  0.81JRTIX Multi Index 2030PairCorr
  0.63JAAVX Jhancock MultimanagerPairCorr
  0.81JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Core Mutual Fund performing well and Core Bond 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 Core Bond'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.19 (0.05) 0.00 (0.29) 0.00 
 0.00 
 2.02 
(2.89)
 18.58 
FRBCX  1.23 (0.11) 0.00 (0.73) 0.00 
 0.00 
 2.05 
(2.93)
 18.87 
JQLMX  0.29 (0.07) 0.00 (0.59) 0.00 
 0.00 
 0.49 
(0.63)
 2.17 
JQLBX  0.38 (0.07) 0.00 (0.51) 0.00 
 0.00 
 0.65 
(0.88)
 2.69 
JQLAX  0.55 (0.10) 0.00 (0.45) 0.00 
 0.00 
 0.75 
(1.34)
 4.83 
JQLCX  0.20 (0.06) 0.00 (0.71) 0.00 
 0.00 
 0.33 
(0.50)
 1.68 
JQLGX  0.48 (0.10) 0.00 (0.51) 0.00 
 0.00 
 0.75 
(1.18)
 4.30 
JRBFX  1.22 (0.09) 0.00 (0.62) 0.00 
 0.00 
 2.06 
(2.91)
 18.14 
JRETX  0.55 (0.06) 0.00 (0.83) 0.00 
 0.00 
 0.78 
(0.98)
 5.63 
JRGRX  1.22 (0.09) 0.00 (0.60) 0.00 
 0.00 
 2.06 
(2.88)
 18.14 

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