James Alpha Correlations

JSVCX Fund

USD 9.96 0.01 0.10%

The current 90-days correlation between James Alpha Structured and James Alpha Global is 0.26 (i.e., Modest diversification). 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

Good diversification

The correlation between James Alpha Structured and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James Alpha Structured 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 Structured. 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

0.83	JACRX	James Alpha Global	Pair Corr
0.84	JARIX	James Alpha Global	Pair Corr
0.84	JARSX	James Alpha Global	Pair Corr
0.84	JAREX	James Alpha Global	Pair Corr
1.0	JASSX	James Alpha Structured	Pair Corr
1.0	JASVX	James Alpha Structured	Pair Corr
1.0	JSVIX	James Alpha Structured	Pair Corr
0.93	JDAEX	James Alpha Managed	Pair Corr
0.92	JDCEX	James Alpha Managed	Pair Corr
0.93	JDIEX	James Alpha Managed	Pair Corr
0.92	JDSEX	James Alpha Managed	Pair Corr
0.95	PONAX	Pimco Income	Pair Corr
0.94	PONCX	Pimco Income	Pair Corr
0.95	PIPNX	Pimco Income	Pair Corr
0.95	PONRX	Pimco Income	Pair Corr
0.95	PONPX	Pimco Incme Fund	Pair Corr
0.96	PIINX	Pimco Income	Pair Corr
0.95	PIMIX	Pimco Income	Pair Corr
0.97	LBNDX	Lord Abbett Bond	Pair Corr
0.97	FSTAX	Fidelity Advisor Str	Pair Corr
0.97	FSRIX	Fidelity Advisor Str	Pair Corr
0.87	PDI	Pimco Dynamic Income	Pair Corr
0.96	FTCAX	Templeton Strained Bond	Pair Corr
0.83	XXBGX	Blackstonegso Long	Pair Corr
0.93	FMSRX	Frontier Mfg Global	Pair Corr
0.9	NMGAX	Neuberger Berman Mid	Pair Corr
0.92	IPYSX	Voya High Yield	Pair Corr
0.91	RLSFX	Riverpark Long/short	Pair Corr
0.92	BTFRX	Bts Tactical Fixed	Pair Corr
0.87	VNGAX	Vontobel Global Equity	Pair Corr
0.92	AAIPX	American Beacon Inte	Pair Corr
0.95	GHVIX	Gmo High Yield	Pair Corr

Moving against James Mutual Fund

0.89	USPSX	Profunds Ultrashort	Pair Corr
0.89	USPIX	Profunds Ultrashort	Pair Corr
0.84	UIPIX	Ultrashort Mid Cap	Pair Corr
0.83	TCSUX	Cleartrack 2020 Class	Pair Corr
0.81	TCTGX	Transamerica Cleartrack	Pair Corr
0.81	TCTJX	Transamerica Cleartrack	Pair Corr
0.8	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	JACRX	JARIX	JARSX	JAREX	JASSX	JASVX	JSVCX	JSVIX	JDAEX	JDCEX
JACRX		1.0	1.0	1.0	0.81	0.82	0.83	0.81	0.85	0.86	JACRX
JARIX	1.0		1.0	1.0	0.83	0.83	0.84	0.83	0.86	0.87	JARIX
JARSX	1.0	1.0		1.0	0.83	0.83	0.84	0.83	0.86	0.87	JARSX
JAREX	1.0	1.0	1.0		0.82	0.82	0.84	0.82	0.86	0.87	JAREX
JASSX	0.81	0.83	0.83	0.82		1.0	1.0	1.0	0.93	0.92	JASSX
JASVX	0.82	0.83	0.83	0.82	1.0		1.0	1.0	0.92	0.92	JASVX
JSVCX	0.83	0.84	0.84	0.84	1.0	1.0		1.0	0.93	0.92	JSVCX
JSVIX	0.81	0.83	0.83	0.82	1.0	1.0	1.0		0.92	0.92	JSVIX
JDAEX	0.85	0.86	0.86	0.86	0.93	0.92	0.93	0.92		0.99	JDAEX
JDCEX	0.86	0.87	0.87	0.87	0.92	0.92	0.92	0.92	0.99		JDCEX
	JACRX	JARIX	JARSX	JAREX	JASSX	JASVX	JSVCX	JSVIX	JDAEX	JDCEX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JACRX	0.51	0.07	(0.02)	0.32	0.56	(0.56)	1.34	(0.96)	3.24
JARIX	0.51	0.07	(0.01)	0.33	0.56	(0.54)	1.34	(0.97)	3.33
JARSX	0.51	0.07	(0.01)	0.33	0.57	(0.55)	1.39	(0.95)	3.40
JAREX	0.50	0.07	(0.02)	0.33	0.53	(0.55)	1.35	(0.96)	3.33
JASSX	0.09	0.03	(0.67)	(3.30)	0.00	(0.14)	0.20	(0.10)	0.49
JASVX	0.10	0.02	(0.84)	(1.98)	0.00	(0.14)	0.20	(0.10)	0.59
JSVCX	0.09	0.02	(0.81)	(1.59)	0.00	(0.14)	0.20	(0.10)	0.61
JSVIX	0.10	0.02	(0.73)	(1.96)	0.00	(0.13)	0.20	(0.10)	0.51
JDAEX	0.37	0.16	0.04	(2.29)	0.00	(0.44)	1.10	(0.55)	2.65
JDCEX	0.37	0.07	0.00	0.28	0.09	(0.45)	1.02	(0.58)	2.60

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