James Alpha Correlations

Mutual Funds . USA . 
Fund . James Alpha Structured
JSVCX Fund  USD 10.05  0.03  0.30%   
The current 90-days correlation between James Alpha Structured and Allianzgi Convertible Income is -0.26 (i.e., Very good diversification). The correlation of James Alpha 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.

James Alpha Correlation With Market

Good diversification

The correlation between James Alpha Structured and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Structured 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 James Alpha Structured. 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 services.

Moving together with James Mutual Fund

  0.99JASSX James Alpha StructuredPairCorr
  0.99JASVX James Alpha StructuredPairCorr
  0.99JSVIX James Alpha StructuredPairCorr
  0.93PONAX Pimco IncomePairCorr
  0.93PONCX Pimco IncomePairCorr
  0.93PIPNX Pimco IncomePairCorr
  0.93PONRX Pimco IncomePairCorr
  0.93PONPX Pimco Incme FundPairCorr
  0.93PIINX Pimco IncomePairCorr
  0.93PIMIX Pimco IncomePairCorr
  0.65LBNDX Lord Abbett BondPairCorr
  0.75MGGYX Mirova Global GreenPairCorr
  0.78HLDIX Hartford EmergingPairCorr
  0.78HLDRX Hartford EmergingPairCorr
  0.77HLDAX Hartford EmergingPairCorr
  0.76HLDCX Hartford EmergingPairCorr
  0.79HLDTX Hartford EmergingPairCorr
  0.75STABX Pioneer Short TermPairCorr
  0.94TFHAX T Rowe PricePairCorr
  0.79SYFFX Pioneer SecuritizedPairCorr
  0.95SMRSX Alpssmith Short DurationPairCorr

Moving against James Mutual Fund

  0.62JACRX James Alpha GlobalPairCorr
  0.61JAREX James Alpha GlobalPairCorr
  0.59JARIX James Alpha GlobalPairCorr
  0.59JARSX James Alpha GlobalPairCorr

Related Correlations Analysis


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

GCV
+ 0.87
CCD
CCD
+ 0.84
XNCVX
GCV
+ 0.83
XNCVX
PCNTX
+ 0.8
XNCVX
FSAWX
+ 0.8
VAADX
PCNTX
+ 0.64
VAADX
  

High negative correlations

FSAWX
- 0.18
CCD
FSAWX
- 0.17
GCV

Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Alpha 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 James Alpha'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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