Jag Large Correlations

JLGIX Fund

USD 19.08 0.16 0.85%

The correlation of Jag 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.

Jag Large Correlation With Market

Very weak diversification

The correlation between Jag Large Cap and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jag 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 Jag 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 gross domestic product.

Moving together with Jag Mutual Fund

1.0	JGRRX	Jag Large Cap	Pair Corr
0.73	JLGAX	Jag Large Cap	Pair Corr
0.79	VIGAX	Vanguard Growth Index	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VITSX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr

Related Correlations Analysis

	REMVX	USMIX	SAEMX	TRMIX	ZEMIX	AMTOX	DBELX
REMVX		0.82	0.98	0.82	0.92	0.94	0.9	REMVX
USMIX	0.82		0.8	0.99	0.87	0.87	0.88	USMIX
SAEMX	0.98	0.8		0.79	0.91	0.95	0.88	SAEMX
TRMIX	0.82	0.99	0.79		0.85	0.87	0.89	TRMIX
ZEMIX	0.92	0.87	0.91	0.85		0.9	0.88	ZEMIX
AMTOX	0.94	0.87	0.95	0.87	0.9		0.92	AMTOX
DBELX	0.9	0.88	0.88	0.89	0.88	0.92		DBELX
	REMVX	USMIX	SAEMX	TRMIX	ZEMIX	AMTOX	DBELX

Risk-Adjusted Indicators

There is a big difference between Jag Mutual Fund performing well and Jag 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 Jag 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
REMVX	0.56	0.21	0.25	1.39	0.14	(0.75)	1.24	(0.82)	2.94
USMIX	0.86	0.13	0.12	0.20	0.75	(1.03)	1.92	(1.49)	5.37
SAEMX	0.52	0.16	0.10	0.94	0.63	(0.58)	1.07	(1.30)	3.56
TRMIX	0.72	0.10	0.13	0.17	0.58	(0.85)	1.99	(1.40)	6.32
ZEMIX	0.95	0.42	0.51	0.64	0.00	(1.25)	1.84	(1.09)	20.20
AMTOX	0.50	0.11	0.11	0.28	0.42	(0.59)	1.04	(1.00)	2.59
DBELX	0.18	0.06	(0.02)	3.18	0.00	(0.23)	0.43	(0.32)	0.85

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Jag Large Correlations

Jag Large Correlation With Market

Very weak diversification

Moving together with Jag Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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