James Alpha Correlations

Mutual Funds . USA . 
Fund . James Alpha Global
JACRX Fund  USD 14.38  0.01  0.07%   
The current 90-days correlation between James Alpha Global and James Alpha Global is 0.99 (i.e., No risk reduction). The correlation of James Alpha 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 Alpha Correlation With Market

Very weak diversification

The correlation between James Alpha Global and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Global 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 Alpha Global. 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 James Mutual Fund

  1.0JARIX James Alpha GlobalPairCorr
  1.0JARSX James Alpha GlobalPairCorr
  1.0JAREX James Alpha GlobalPairCorr
  0.81JASSX James Alpha StructuredPairCorr
  0.82JASVX James Alpha StructuredPairCorr
  0.83JSVCX James Alpha StructuredPairCorr
  0.81JSVIX James Alpha StructuredPairCorr
  0.86JDAEX James Alpha ManagedPairCorr
  0.86JDCEX James Alpha ManagedPairCorr
  0.86JDIEX James Alpha ManagedPairCorr
  0.86JDSEX James Alpha ManagedPairCorr
  0.96DFGEX Dfa Global RealPairCorr
  0.87VGRNX Vanguard Global ExPairCorr
  0.92DFITX Dfa International RealPairCorr
  0.87VGRLX Vanguard Global ExPairCorr
  0.97PGRKX Global Real EstatePairCorr
  0.97PGRUX Global Real EstatePairCorr
  0.98MGLAX Mfs Global RealPairCorr
  0.98MGLIX Mfs Global RealPairCorr
  0.79CPAYX Columbia Pacific/asiaPairCorr
  0.84CASAX Columbia Pacific/asiaPairCorr
  0.85CASCX Columbia PacificasiaPairCorr
  0.88MSKLX Mid Cap GrowthPairCorr
  0.89CISGX Touchstone Sands CapitalPairCorr
  0.88MPEGX Mid Cap GrowthPairCorr
  0.88TRRFX T Rowe PricePairCorr
  0.85ACFGX American Century InvPairCorr
  0.89ICLLX Transamerica AssetPairCorr
  0.84PBCAX Prudential CaliforniaPairCorr
  0.88LINKX Blackrock Lifepath IdxPairCorr
  0.84HBLTX Hartford BalancedPairCorr
  0.9SAGCX Clearbridge AggressivePairCorr
  0.9VGSNX Vanguard Reit IndexPairCorr
  0.88MPAIX Advantage Portfolio ClassPairCorr
  0.85CLWFX Columbia Large CapPairCorr
  0.62WACIX Western Asset EPairCorr
  0.64SNJLX Western Asset NewPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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