Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAARX Fund  USD 16.35  0.03  0.18%   
The current 90-days correlation between Alternative Asset and Advent Claymore Convertible is 0.85 (i.e., Very poor 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

Very poor diversification

The correlation between Alternative Asset Allocation and DJI is 0.88 (i.e., Very 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 metropolitan statistical area.

Moving together with Alternative Mutual Fund

  0.88FRBAX Regional Bank Steady GrowthPairCorr
  0.88FRBCX Regional Bank Steady GrowthPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.98JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.89JRBFX Regional Bank Steady GrowthPairCorr
  0.97JRETX J Hancock IiPairCorr
  0.89JRGRX Regional Bank Steady GrowthPairCorr
  0.99JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.99JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.98JRLUX Multi Index 2045PairCorr
  0.97JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.97JRLZX Retirement Living ThroughPairCorr
  0.97JROUX J Hancock IiPairCorr
  0.97JRODX J Hancock IiPairCorr
  0.97JAAFX Jhancock Multi IndexPairCorr
  0.97JAAJX Jhancock Multi IndexPairCorr
  1.0JAAIX Alternative AssetPairCorr
  0.97JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.98JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  1.0JAASX Alternative AssetPairCorr
  0.98JRTIX Multi Index 2030PairCorr
  0.97JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.

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