James Small Correlations

Mutual Funds . USA . 
Fund . James Small Cap
JASCX Fund  USD 40.47  0.27  0.66%   
The current 90-days correlation between James Small Cap and James Balanced Golden is 0.81 (i.e., Very poor diversification). The correlation of James Small 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 Small Correlation With Market

Very poor diversification

The correlation between James Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Small Cap 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 Small Cap. 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 main economic indicators.

Moving together with James Mutual Fund

  0.99JAVAX James Aggressive AllPairCorr
  0.67GLRBX James Balanced GoldenPairCorr
  0.99GLRIX James Balanced GoldenPairCorr
  0.99JMCRX James Micro CapPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.69VISVX Vanguard Small CapPairCorr
  0.71DFSVX Us Small CapPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.69UBVCX Undiscovered ManagersPairCorr
  0.94UBVAX Undiscovered ManagersPairCorr
  0.69UBVSX Undiscovered ManagersPairCorr
  0.74AVFIX American Beacon SmallPairCorr
  0.69CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.95MSKLX Mid Cap GrowthPairCorr
  0.72CISGX Touchstone Sands CapitalPairCorr
  0.94MPEGX Mid Cap GrowthPairCorr
  0.96VSPVX Vanguard Sp 500PairCorr
  0.94MLOZX Cohen Steers MlpPairCorr
  0.92CCYIX Columbia Acorn InterPairCorr
  0.91THMGX Thornburg InvestmentPairCorr
  0.95MRLSX Amg Renaissance LargePairCorr
  0.71HRSRX Hood River SmallPairCorr
  0.69DDVRX Delaware ValuePairCorr
  0.98PYODX Pioneer Fund PioneerPairCorr
  0.98WPGTX Wpg Partners SmallmicroPairCorr
  0.71AVCNX American Century EtfPairCorr
  0.97FNCMX Fidelity Nasdaq PositePairCorr
  0.68VFINX Vanguard 500 IndexPairCorr
  0.97JTRBX Jpmorgan SmartretirementPairCorr
  0.99ASVCX American Beacon SmallPairCorr
  0.74MXCCX Federated Max CapPairCorr
  0.94FSTBX Federated Global AllPairCorr
  0.66VITAX Vanguard InformationPairCorr
  0.67VEMPX Vanguard Extended MarketPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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