Fundamental Large Correlations

Mutual Funds . USA . 
Fund . Fundamental Large Cap
JLCWX Fund  USD 73.43  0.69  0.95%   
The current 90-days correlation between Fundamental Large Cap and Regional Bank Fund is 0.63 (i.e., Poor diversification). The correlation of Fundamental Large 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.

Fundamental Large Correlation With Market

Average diversification

The correlation between Fundamental Large Cap 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 Fundamental Large Cap 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 Fundamental Large Cap. 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 housing.

Moving together with Fundamental Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.8JQLMX Multimanager LifestylePairCorr
  0.8JQLBX Multimanager LifestylePairCorr
  0.86JQLAX Multimanager LifestylePairCorr
  0.79JQLCX Multimanager LifestylePairCorr
  0.84JQLGX Multimanager LifestylePairCorr
  0.88JRBFX Regional BankPairCorr
  0.83JRETX J Hancock IiPairCorr
  0.88JRGRX Regional BankPairCorr
  0.79JRLDX Retirement Living ThroughPairCorr
  0.79JRLFX Multi Index 2010PairCorr
  0.81JRLIX Retirement Living ThroughPairCorr
  0.79JRLHX Retirement Living ThroughPairCorr
  0.8JRLKX Multi Index 2015PairCorr
  0.8JRLLX Retirement Living ThroughPairCorr
  0.81JRLOX Retirement Living ThroughPairCorr
  0.74JRLQX Retirement Living ThroughPairCorr
  0.81JRLPX Multi Index 2020PairCorr
  0.75JRLUX Multi Index 2045PairCorr
  0.72JRLWX Retirement Living ThroughPairCorr
  0.74JRLVX Retirement Living ThroughPairCorr
  0.72JRLZX Retirement Living ThroughPairCorr
  0.83JROUX J Hancock IiPairCorr
  0.72JRODX J Hancock IiPairCorr
  0.85JAAFX Jhancock Multi IndexPairCorr
  0.85JAAJX Jhancock Multi IndexPairCorr
  0.85JAAKX Jhancock Multi IndexPairCorr
  0.82JRTBX Retirement Living ThroughPairCorr
  0.81JRTAX Retirement Living ThroughPairCorr
  0.81JRTDX Multi Index 2025PairCorr
  0.8JRTGX Retirement Living ThroughPairCorr
  0.81JRTFX Retirement Living ThroughPairCorr
  0.81JRTIX Multi Index 2030PairCorr
  0.85JAAVX Jhancock MultimanagerPairCorr
  0.8JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Large 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 Fundamental Large'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  1.28  0.00  0.00  0.03  1.72 
(1.53)
 2.74 
(2.91)
 18.11 
FRBCX  1.28 (0.01)(0.01) 0.01  1.77 
(1.53)
 2.75 
(2.94)
 18.58 
JQLMX  0.27 (0.02) 0.00 (0.13) 0.00 
 0.00 
 0.57 
(0.57)
 2.02 
JQLBX  0.35 (0.02) 0.00 (0.08) 0.00 
 0.00 
 0.66 
(0.73)
 2.73 
JQLAX  0.53 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.90 
(1.29)
 4.36 
JQLCX  0.18 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.34 
(0.51)
 1.44 
JQLGX  0.46 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.79 
(1.20)
 3.71 
JRBFX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.72 
(2.91)
 18.14 
JRETX  0.54 (0.03) 0.00 (0.08) 0.00 
 0.00 
 1.03 
(1.37)
 4.32 
JRGRX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.75 
(2.88)
 18.14 

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