Financial Industries Correlations

Mutual Funds . USA . 
Fund . Financial Industries Fund
JFDRX Fund  USD 19.20  0.01  0.05%   
The current 90-days correlation between Financial Industries and Catalyst Exceed Defined is 0.7 (i.e., Poor diversification). The correlation of Financial Industries 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.

Financial Industries Correlation With Market

Very poor diversification

The correlation between Financial Industries Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Industries Fund 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 Financial Industries Fund. 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 Financial Mutual Fund

  0.93JQLCX Multimanager LifestylePairCorr
  0.92JAAIX Alternative AssetPairCorr
  0.91JABJX John Hancock FundsPairCorr
  0.94JABPX John Hancock FundsPairCorr
  0.97JSLAX Multimanager LifestylePairCorr
  0.88JSNIX Jhancock Short DurationPairCorr
  0.81JDJRX Jhancock DiversifiedPairCorr
  0.96JDVNX Jhancock DisciplinedPairCorr
  0.95JVMAX John Hancock DisciplinedPairCorr
  0.98JVMIX John Hancock DisciplinedPairCorr
  0.94JVLAX John Hancock DisciplinedPairCorr
  0.96JEMQX John Hancock EmergingPairCorr
  0.95JFIRX Floating Rate IncomePairCorr
  0.95JGECX Jhancock Global EquityPairCorr
  0.77JYEBX Jhancock Real EstatePairCorr
  0.94JGYAX John Hancock GlobalPairCorr
  0.68JHBSX John Hancock BondPairCorr
  0.93USGLX Us Global LeadersPairCorr
  0.97FIDAX Financial IndustriesPairCorr
  0.71JHNBX John Hancock BondPairCorr
  0.9JHSFX John Hancock MunicipalPairCorr
  0.95JILMX Multimanager LifestylePairCorr
  0.79JIREX Real Estate SecuritiesPairCorr
  0.94GOIGX John Hancock InternaPairCorr
  0.92JLAEX Retirement Living ThroughPairCorr
  0.94TAGRX Fundamental Large CapPairCorr
  0.96JLCFX Fundamental Large CapPairCorr
  0.97JLGOX Lifestyle Ii GrowthPairCorr
  0.95JLKLX Retirement Living ThroughPairCorr
  0.99VFAIX Vanguard Financials IndexPairCorr
  0.92FRBCX Regional BankPairCorr
  0.93JRGRX Regional BankPairCorr
  0.97PRISX T Rowe PricePairCorr
  0.97FIDCX Financial IndustriesPairCorr
  0.97TFIFX T Rowe PricePairCorr
  0.96DVFYX Davis FinancialPairCorr
  0.98RPFGX Davis FinancialPairCorr
  0.98DFFCX Davis FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Industries 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 Financial Industries' 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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