Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAASX Fund  USD 16.35  0.03  0.18%   
The current 90-days correlation between Alternative Asset and Voya Solution Conservative is -0.4 (i.e., Very good 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 0.72 (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 state.

Moving together with Alternative Mutual Fund

  0.88FRBAX Regional Bank Steady GrowthPairCorr
  0.71FRBCX Regional Bank Steady GrowthPairCorr
  0.76JQLMX Multimanager LifestylePairCorr
  0.8JQLBX Multimanager LifestylePairCorr
  0.71JQLAX Multimanager LifestylePairCorr
  0.78JQLCX Multimanager LifestylePairCorr
  0.72JQLGX Multimanager LifestylePairCorr
  0.65JRBFX Regional Bank Steady GrowthPairCorr
  0.82JRETX J Hancock IiPairCorr
  0.65JRGRX Regional Bank Steady GrowthPairCorr
  0.96JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.99JRLHX Retirement Living ThroughPairCorr
  0.75JRLKX Multi Index 2015PairCorr
  0.82JRLLX Retirement Living ThroughPairCorr
  0.75JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.96JRLUX Multi Index 2045PairCorr
  0.7JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.7JRLZX Retirement Living ThroughPairCorr
  0.96JROUX J Hancock IiPairCorr
  0.7JRODX J Hancock IiPairCorr
  0.76JAAFX Jhancock Multi IndexPairCorr
  0.85JAAJX Jhancock Multi IndexPairCorr
  0.86JAAIX Alternative AssetPairCorr
  0.7JAAKX Jhancock Multi IndexPairCorr
  0.86JAAPX Alternative AssetPairCorr
  0.74JRTBX Retirement Living ThroughPairCorr
  0.82JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.74JRTDX Multi Index 2025PairCorr
  0.82JRTGX Retirement Living ThroughPairCorr
  0.74JRTFX Retirement Living ThroughPairCorr
  0.73JRTIX Multi Index 2030PairCorr
  0.85JAAVX Jhancock MultimanagerPairCorr
  0.97JRTKX 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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