James Balanced Correlations

Mutual Funds . USA . 
Fund . James Balanced Golden
GLRIX Fund  USD 22.74  0.01  0.04%   
The current 90-days correlation between James Balanced Golden and Westwood Income Opportunity is 0.94 (i.e., Almost no diversification). The correlation of James Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between James Balanced Golden and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Balanced Golden 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 Balanced Golden. 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 James Mutual Fund

  0.99JASCX James Small CapPairCorr
  0.99JAVAX James Aggressive AllPairCorr
  1.0GLRBX James Balanced GoldenPairCorr
  0.98JMCRX James Micro CapPairCorr
  0.99VWINX Vanguard Wellesley IncomePairCorr
  0.98VWIAX Vanguard Wellesley IncomePairCorr
  0.98BKMIX Blackrock Multi AssetPairCorr
  0.99HBLTX Hartford BalancedPairCorr
  0.99HBLRX Hartford BalancedPairCorr
  0.99HBLSX Hartford BalancedPairCorr
  0.99HBLVX Hartford BalancedPairCorr
  0.99HBLYX Hartford BalancedPairCorr
  0.99HBLCX Hartford BalancedPairCorr
  0.99HBLIX Hartford BalancedPairCorr
  0.95ERH Allspring Utilities AndPairCorr
  0.98WHIYX Ivy High IncomePairCorr
  0.98IVHIX Ivy High IncomePairCorr
  0.99IHIFX Ivy High IncomePairCorr
  0.98WRHIX Ivy High IncomePairCorr
  0.98WHIAX Ivy High IncomePairCorr
  0.84CSJZX Cohen Steers RealtyPairCorr
  0.84CSRSX Cohen Steers RealtyPairCorr
  0.92GMCFX Gmo International EquityPairCorr
  0.97GDIRX Goldman Sachs ShortPairCorr
  0.98ACSRX Invesco ComstockPairCorr
  0.92PFRMX Pimco Inflation ResponsePairCorr
  0.98OBEGX Oberweis Emerging GrowthPairCorr
  0.94FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.96MBXCX Catalystmillburn HedgePairCorr
  0.98URINX Target Retirement IncomePairCorr
  0.97EPEIX Ep Emerging MarketsPairCorr
  0.89OWCIX Old Westbury CreditPairCorr
  0.68MTFCX Mainstay Tax FreePairCorr
  0.74FBIOX Biotechnology PortfolioPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.980P0000V6X4 Vanguard Target RetirePairCorr
  0.99ISWAX Voya Solution IncomePairCorr
  0.97EFECX Ashmore Emerging MarketsPairCorr
  0.81TIIHX Tiaa Cref InflationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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