James Balanced Correlations
| GLRIX Fund | USD 24.07 0.18 0.75% |
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 |
Moving together with James Mutual Fund
| 0.85 | VWINX | Vanguard Wellesley Income | PairCorr |
| 0.73 | VWIAX | Vanguard Wellesley Income | PairCorr |
| 0.93 | BKMIX | Blackrock Multi Asset | PairCorr |
| 0.75 | HBLTX | Hartford Balanced | PairCorr |
| 0.72 | HBLRX | Hartford Balanced | PairCorr |
| 0.73 | HBLSX | Hartford Balanced | PairCorr |
| 0.75 | HBLVX | Hartford Balanced | PairCorr |
| 0.75 | HBLYX | Hartford Balanced | PairCorr |
| 0.68 | HBLCX | Hartford Balanced | PairCorr |
| 0.75 | HBLIX | Hartford Balanced | PairCorr |
| 0.74 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.87 | GPICX | Guidepath Conservative | PairCorr |
| 0.93 | GE | GE Aerospace | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
| 0.85 | INTC | Intel Aggressive Push | PairCorr |
| 0.7 | AXP | American Express | PairCorr |
Moving against James Mutual Fund
| 0.95 | USPSX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.94 | USPIX | Profunds Ultrashort Downward Rally | PairCorr |
| 0.41 | PDI | Pimco Dynamic Income | PairCorr |
| 0.72 | VZ | Verizon Communications | PairCorr |
| 0.69 | T | ATT Inc | PairCorr |
| 0.6 | PG | Procter Gamble | PairCorr |
| 0.5 | BA | Boeing | PairCorr |
| 0.46 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PFCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FZDXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GABXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TLMXX | ||
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FZDXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GABXX | 0.03 | 0.01 | 0.00 | 0.64 | 0.00 | 0.00 | 1.01 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TLMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |