Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAAIX Fund  USD 16.38  0.02  0.12%   
The current 90-days correlation between Alternative Asset and Strategic Income Opportunities is 0.54 (i.e., Very weak diversification). The correlation of Alternative Asset 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.

Alternative Asset Correlation With Market

Poor diversification

The correlation between Alternative Asset Allocation and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Asset Allocation 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 Alternative Asset Allocation. 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 Alternative Mutual Fund

  0.74JQLMX Multimanager LifestylePairCorr
  0.74JQLBX Multimanager LifestylePairCorr
  0.66JQLAX Multimanager LifestylePairCorr
  0.72JQLCX Multimanager LifestylePairCorr
  0.65JQLGX Multimanager LifestylePairCorr
  0.65JRETX J Hancock IiPairCorr
  0.65JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.64JRLIX Retirement Living ThroughPairCorr
  0.65JRLHX Retirement Living ThroughPairCorr
  0.64JRLKX Multi Index 2015PairCorr
  0.65JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.64JRLUX Multi Index 2045PairCorr
  0.64JRLWX Retirement Living ThroughPairCorr
  0.64JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  0.65JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.64JAAJX Jhancock Multi IndexPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.65JRTBX Retirement Living ThroughPairCorr
  0.65JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.65JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  1.0JAASX Alternative AssetPairCorr
  0.65JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Asset 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 Alternative Asset'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY