Strategic Income Correlations

Mutual Funds . USA . 
Fund . Strategic Income Opportunities
JIPIX Fund  USD 10.47  0.01  0.1%   
The current 90-days correlation between Strategic Income Opp and Hennessy Bp Energy is -0.15 (i.e., Good 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

Very poor diversification

The correlation between Strategic Income Opportunities and DJI is 0.83 (i.e., Very poor 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

  0.82FRBAX Regional BankPairCorr
  0.82FRBCX Regional BankPairCorr
  0.91JQLMX Multimanager LifestylePairCorr
  0.88JQLBX Multimanager LifestylePairCorr
  0.87JQLAX Multimanager LifestylePairCorr
  0.96JQLCX Multimanager LifestylePairCorr
  0.87JQLGX Multimanager LifestylePairCorr
  0.86JRBFX Regional BankPairCorr
  0.91JRETX J Hancock IiPairCorr
  0.85JRGRX Regional BankPairCorr
  0.99JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.99JRLHX Retirement Living ThroughPairCorr
  0.97JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.94JRLQX Retirement Living ThroughPairCorr
  0.98JRLPX Multi Index 2020PairCorr
  0.94JRLUX Multi Index 2045PairCorr
  0.93JRLWX Retirement Living ThroughPairCorr
  0.94JRLVX Retirement Living ThroughPairCorr
  0.93JRLZX Retirement Living ThroughPairCorr
  0.9JROUX J Hancock IiPairCorr
  0.93JRODX J Hancock IiPairCorr
  0.93JAAFX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  0.93JAAKX Jhancock Multi IndexPairCorr
  0.97JAAPX Alternative AssetPairCorr
  0.98JRTBX Retirement Living ThroughPairCorr
  0.98JRTAX Retirement Living ThroughPairCorr
  0.97JAARX Alternative AssetPairCorr
  0.98JRTDX Multi Index 2025PairCorr
  0.96JRTGX Retirement Living ThroughPairCorr
  0.98JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  0.97JRTIX Multi Index 2030PairCorr
  0.91JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


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.

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