Strategic Income Correlations

JIPIX Fund

USD 10.36 0.01 0.1%

The current 90-days correlation between Strategic Income Opp and Global Resources Fund is 0.04 (i.e., Significant diversification). The correlation of Strategic Income 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.

Strategic Income Correlation With Market

Average diversification

The correlation between Strategic Income Opportunities 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 Strategic Income Opportunities 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 Strategic Income Opportunities. 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 gross domestic product.

Moving together with Strategic Mutual Fund

0.71	FRBAX	Regional Bank	Pair Corr
0.72	JQLCX	Multimanager Lifestyle	Pair Corr
0.7	JRBFX	Regional Bank	Pair Corr
0.68	JRLQX	Retirement Living Through	Pair Corr
0.63	JRLUX	Multi Index 2045	Pair Corr
0.65	JRLWX	Retirement Living Through	Pair Corr
0.61	JRLVX	Retirement Living Through	Pair Corr
0.71	JRLZX	Retirement Living Through	Pair Corr
0.72	JAAFX	Jhancock Multi Index	Pair Corr
0.72	JAAKX	Jhancock Multi Index	Pair Corr
0.62	JAAPX	Alternative Asset	Pair Corr
0.67	JRTGX	Retirement Living Through	Pair Corr
0.69	JRTIX	Multi Index 2030	Pair Corr
0.65	JRTKX	Retirement Living Through	Pair Corr
0.66	JRTJX	Retirement Living Through	Pair Corr
0.66	JRTMX	Multi Index 2035	Pair Corr

Related Correlations Analysis

	PSPFX	GRHAX	ALTEX	ICBAX	IGNAX	HNRGX	ENPSX	FRNRX
PSPFX		0.6	0.33	0.88	0.9	0.57	0.26	0.87	PSPFX
GRHAX	0.6		0.4	0.61	0.73	0.23	0.25	0.7	GRHAX
ALTEX	0.33	0.4		0.44	0.41	-0.18	-0.33	0.27	ALTEX
ICBAX	0.88	0.61	0.44		0.9	0.61	0.32	0.88	ICBAX
IGNAX	0.9	0.73	0.41	0.9		0.55	0.4	0.97	IGNAX
HNRGX	0.57	0.23	-0.18	0.61	0.55		0.78	0.66	HNRGX
ENPSX	0.26	0.25	-0.33	0.32	0.4	0.78		0.56	ENPSX
FRNRX	0.87	0.7	0.27	0.88	0.97	0.66	0.56		FRNRX
	PSPFX	GRHAX	ALTEX	ICBAX	IGNAX	HNRGX	ENPSX	FRNRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FRNRX	+ 0.97	IGNAX
IGNAX	+ 0.9	PSPFX
IGNAX	+ 0.9	ICBAX
ICBAX	+ 0.88	PSPFX
FRNRX	+ 0.88	ICBAX
FRNRX	+ 0.87	PSPFX

High negative correlations

ENPSX	- 0.33	ALTEX
HNRGX	- 0.18	ALTEX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Income 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 Strategic Income'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
PSPFX	1.33	0.19	0.11	0.27	1.43	(1.48)	3.28	(3.02)	7.78
GRHAX	1.42	0.07	0.01	0.34	1.83	(1.50)	2.64	(3.38)	7.71
ALTEX	1.85	0.09	0.06	0.14	2.17	(1.92)	4.23	(4.62)	14.65
ICBAX	1.32	0.10	0.10	0.15	1.13	(1.59)	3.34	(1.94)	11.98
IGNAX	0.93	0.13	0.05	0.65	1.11	(0.94)	1.85	(2.10)	5.41
HNRGX	0.95	0.03	0.00	0.13	1.28	(0.90)	2.09	(1.62)	5.72
ENPSX	1.38	0.03	(0.01)	0.13	1.69	(1.47)	2.78	(2.26)	7.36
FRNRX	0.90	0.11	0.04	0.44	1.07	(0.97)	1.86	(1.93)	4.74

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC