James Alpha Correlations

JSVCX Fund

USD 9.98 0.02 0.20%

The current 90-days correlation between James Alpha Structured and James Alpha Global is 0.21 (i.e., Modest 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

Very good diversification

The correlation between James Alpha Structured and DJI is -0.3 (i.e., Very 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 main economic indicators.

Moving together with James Mutual Fund

0.99	JASSX	James Alpha Structured	Pair Corr
1.0	JASVX	James Alpha Structured	Pair Corr
0.99	JSVIX	James Alpha Structured	Pair Corr
0.94	PONAX	Pimco Income	Pair Corr
0.93	PONCX	Pimco Income	Pair Corr
0.95	PIPNX	Pimco Income	Pair Corr
0.94	PONRX	Pimco Income	Pair Corr
0.96	PONPX	Pimco Incme Fund	Pair Corr
0.94	PIINX	Pimco Income	Pair Corr
0.94	PIMIX	Pimco Income	Pair Corr
0.83	BRUFX	Bruce Fund Bruce	Pair Corr
0.83	MOSSX	Massmutual Select	Pair Corr
0.84	EKWCX	Wells Fargo Advantage	Pair Corr
0.76	BRPIX	Bear Profund Bear Steady Growth	Pair Corr
0.95	VTBNX	Vanguard Total Bond	Pair Corr
0.97	RRFIX	Federated Real Return	Pair Corr
0.8	RYAPX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.97	RCWEX	Capital World Bond	Pair Corr
0.9	VBLIX	Vanguard Long Term	Pair Corr
0.71	BICSX	Blackrock Commodity	Pair Corr
0.96	VFIJX	Vanguard Gnma	Pair Corr
0.84	GULDX	Gugg Actv Invmt	Pair Corr
0.94	VICSX	Vanguard Intermediate-ter	Pair Corr

Moving against James Mutual Fund

0.56	JDCEX	James Alpha Managed	Pair Corr
0.53	JDAEX	James Alpha Managed	Pair Corr
0.52	JDIEX	James Alpha Managed	Pair Corr
0.44	JDSEX	James Alpha Managed	Pair Corr
0.86	SPGSX	State Street Premier	Pair Corr
0.5	RYMJX	Commodities Strategy	Pair Corr
0.31	RYMEX	Commodities Strategy	Pair Corr
0.31	RYMBX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	JACRX	JARIX	JARSX	JAREX	JASSX	JASVX	JDAEX	JDCEX
JACRX		1.0	0.85	0.85	0.57	0.58	0.12	0.09	JACRX
JARIX	1.0		0.85	0.85	0.6	0.61	0.1	0.07	JARIX
JARSX	0.85	0.85		1.0	0.45	0.46	0.4	0.37	JARSX
JAREX	0.85	0.85	1.0		0.43	0.44	0.41	0.39	JAREX
JASSX	0.57	0.6	0.45	0.43		0.99	-0.5	-0.53	JASSX
JASVX	0.58	0.61	0.46	0.44	0.99		-0.51	-0.54	JASVX
JDAEX	0.12	0.1	0.4	0.41	-0.5	-0.51		1.0	JDAEX
JDCEX	0.09	0.07	0.37	0.39	-0.53	-0.54	1.0		JDCEX
	JACRX	JARIX	JARSX	JAREX	JASSX	JASVX	JDAEX	JDCEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JARIX	+ 1.0	JACRX
JAREX	+ 1.0	JARSX
JDCEX	+ 1.0	JDAEX
JASVX	+ 0.99	JASSX
JARSX	+ 0.85	JACRX
JAREX	+ 0.85	JACRX

High negative correlations

JDCEX	- 0.54	JASVX
JDCEX	- 0.53	JASSX
JDAEX	- 0.51	JASVX
JDAEX	- 0.5	JASSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JACRX	0.72	0.00	0.19	0.00	0.87	(0.76)	1.47	(1.38)	3.95
JARIX	0.70	0.02	0.20	2.20	0.83	(0.78)	1.47	(1.31)	3.81
JARSX	0.78	0.06	0.00	(0.07)	0.00	0.00	1.51	(1.82)	3.90
JAREX	0.79	0.06	0.00	(0.08)	0.00	0.00	1.56	(1.83)	3.85
JASSX	0.12	0.03	1.31	(1.83)	0.00	(0.18)	0.30	(0.20)	0.50
JASVX	0.11	0.03	1.26	(0.88)	0.00	(0.17)	0.30	(0.20)	0.60
JDAEX	0.64	0.00	0.00	(0.16)	0.00	0.00	0.92	(1.15)	6.09
JDCEX	0.65	0.00	0.00	(0.16)	0.00	0.00	0.97	(1.20)	6.08

Trending Assets

JACRX

James Alpha Global

13.73 0.25 1.85

JASVX

James Alpha Structured

10.19 -0.01 -0.1

JARSX

James Alpha Global

14.53 -0.27 -1.82

JDCEX

James Alpha Managed

12.30 -0.52 -4.06

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

2024 Macroaxis LLC