James Aggressive Correlations

Mutual Funds . USA . 
Fund . James Aggressive Allocation
JAVAX Fund  USD 15.00  0.01  0.07%   
The current 90-days correlation between James Aggressive All and James Small Cap is 0.89 (i.e., Very poor diversification). The correlation of James Aggressive 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 Aggressive Correlation With Market

Almost no diversification

The correlation between James Aggressive Allocation and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Aggressive 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 James Aggressive 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 nation.

Moving together with James Mutual Fund

  0.99JASCX James Small CapPairCorr
  0.67GLRBX James Balanced GoldenPairCorr
  0.99GLRIX James Balanced GoldenPairCorr
  0.98JMCRX James Micro CapPairCorr
  0.98FFIFX American FundsPairCorr
  0.98FAIFX American FundsPairCorr
  0.98IFACX Income FundPairCorr
  0.97IFAFX Income FundPairCorr
  0.71AMECX Income FundPairCorr
  0.97RIDBX Income FundPairCorr
  0.97CIMEX Income FundPairCorr
  0.98RIDFX Income FundPairCorr
  0.97CIMCX Income FundPairCorr
  0.98CIMFX Income FundPairCorr
  0.68GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.97AWF AlliancebernsteinPairCorr
  0.93MCFAX Miller Vertible BondPairCorr
  0.98ANORX Small Cap GrowthPairCorr
  0.71RNPGX New PerspectivePairCorr
  0.69SEPIX Energy Basic MaterialsPairCorr
  0.91SSAGX Virtus Seix GovernmentPairCorr
  0.96CCAEX Future Scholar 529PairCorr
  0.77BALFX American BalancedPairCorr
  0.97RROPX American Funds RetirementPairCorr
  0.69TEPFX American Funds TaxPairCorr
  0.71GCSAX Goldman Sachs SmallPairCorr
  0.92BTFRX Bts Tactical FixedPairCorr
  0.76TWTCX Intermediate Term TaxPairCorr
  0.61GRHAX Goehring RozencwajgPairCorr
  0.94AIWEX World EnergyPairCorr

Moving against James Mutual Fund

  0.35GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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