James Aggressive Correlations

Mutual Funds USA . 
Fund . James Aggressive Allocation
JAVAX Fund  USD 14.06  0.13  0.00%   
The current 90-days correlation between James Aggressive All and Calvert Global Energy is 0.82 (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

Very poor diversification

The correlation between James Aggressive Allocation and DJI is 0.8 (i.e., Very poor 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. 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

  0.78FFIFX American FundsPairCorr
  0.77FAIFX American FundsPairCorr
  0.76IFACX Income FundPairCorr
  0.77IFAFX Income FundPairCorr
  0.77AMECX Income FundPairCorr
  0.77CIMEX Income FundPairCorr
  0.78RIDFX Income FundPairCorr
  0.77CIMFX Income FundPairCorr
  0.66TREMX T Rowe PricePairCorr
  0.65FELIX Fidelity Advisor SemPairCorr
  0.7RYVYX Nasdaq 100 2x Steady GrowthPairCorr
  0.7RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.62NAD Nuveen Dividend AdvantagePairCorr
  0.84AEPFX Europacific GrowthPairCorr
  0.63PHJUX Principal Lifetime HybridPairCorr
  0.81LFTJX Mfs Lifetime 2065PairCorr
  0.63PBLIX Pnc Balanced AllocationPairCorr
  0.69SBFIX Federated Global AllPairCorr
  0.63AAMCX Absolute Capital AssetPairCorr
  0.96FFAQX Franklin Founding FundsPairCorr
  0.64AAMIX Absolute Capital AssetPairCorr
  0.76SICIX Saat Servative StrategyPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CGAEX
+ 1.0
CAEIX
ALTEX
+ 0.87
CAEIX
ALTEX
+ 0.87
CGAEX
AIWEX
+ 0.85
CAEIX
CGAEX
+ 0.85
AIWEX
ALTEX
+ 0.78
AIWEX
  

High negative correlations

ALTEX
- 0.18
IEFCX
ALTEX
- 0.07
BCX

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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