1290 Multi-alternativ Correlations

TNMRX Fund

USD 9.81 0.03 0.31%

The current 90-days correlation between 1290 Multi Alternative and Wells Fargo Diversified is -0.09 (i.e., Good diversification). The correlation of 1290 Multi-alternativ 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.

1290 Multi-alternativ Correlation With Market

Good diversification

The correlation between 1290 Multi Alternative Strateg and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Multi Alternative Strateg and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1290 Multi Alternative Strategies. 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 1290 Mutual Fund

0.9	ESCKX	1290 Funds	Pair Corr
0.9	ESCJX	1290 Essex Small	Pair Corr
0.9	ESCFX	1290 Funds	Pair Corr
0.91	TNBIX	1290 Smartbeta Equity	Pair Corr
0.91	TNBRX	1290 Smartbeta Equity	Pair Corr
0.96	TNBAX	1290 Smartbeta Equity	Pair Corr
0.95	TNHAX	1290 High Yield	Pair Corr
0.95	TNHIX	1290 High Yield	Pair Corr
0.95	TNHRX	1290 High Yield	Pair Corr
1.0	TNMAX	1290 Multi Alternative	Pair Corr
1.0	TNMIX	1290 Multi Alternative	Pair Corr
0.85	TNLIX	1290 Retirement 2035	Pair Corr
0.93	TNRAX	1290 Funds	Pair Corr
0.86	TNURX	1290 Unconstrained Bond	Pair Corr
0.97	TNVDX	1290 Doubleline Dynamic	Pair Corr
0.89	TNVAX	1290 Gamco Smallmid	Pair Corr
0.87	TNVIX	1290 Gamco Smallmid	Pair Corr
0.77	TNUAX	1290 Unconstrained Bond	Pair Corr
0.86	TNUIX	1290 Unconstrained Bond	Pair Corr
0.94	TNXAX	1290 Doubleline Dynamic	Pair Corr
0.88	TNXIX	1290 Retirement 2060	Pair Corr
0.89	TNVRX	1290 Gamco Smallmid	Pair Corr
0.95	TNYRX	1290 Doubleline Dynamic	Pair Corr
0.81	BIMBX	Blackrock Alternative	Pair Corr
0.8	BAMBX	Blackrock Alternative	Pair Corr
0.76	BMBCX	Blackrock Alternative	Pair Corr
0.84	BKMBX	Blackrock Systematic	Pair Corr
0.94	BXMYX	Blackstone Alternative	Pair Corr
0.75	QSPRX	Aqr Style Premia	Pair Corr
0.95	BXMIX	Blackstone Alternative	Pair Corr
0.94	BXMDX	Blackstone Alternative	Pair Corr
0.93	GARTX	Goldman Sachs Absolute	Pair Corr

Moving against 1290 Mutual Fund

0.63	TNKIX	1290 Retirement 2030	Pair Corr
0.62	TNOIX	1290 Retirement 2045	Pair Corr
0.6	TNQIX	1290 Retirement 2055	Pair Corr
0.58	TNNIX	1290 Retirement 2040	Pair Corr
0.57	TNIIX	1290 Retirement 2020	Pair Corr
0.5	TNJIX	1290 Retirement 2025	Pair Corr
0.62	TNWIX	1290 Retirement 2050	Pair Corr

Related Correlations Analysis

	EKBDX	CENNX	OPTCX	GRINX	LIGFX	TSCHX	LANIX
EKBDX		0.93	0.72	0.99	0.98	0.92	0.94	EKBDX
CENNX	0.93		0.63	0.95	0.94	0.88	0.91	CENNX
OPTCX	0.72	0.63		0.69	0.71	0.57	0.61	OPTCX
GRINX	0.99	0.95	0.69		0.98	0.92	0.94	GRINX
LIGFX	0.98	0.94	0.71	0.98		0.94	0.95	LIGFX
TSCHX	0.92	0.88	0.57	0.92	0.94		0.97	TSCHX
LANIX	0.94	0.91	0.61	0.94	0.95	0.97		LANIX
	EKBDX	CENNX	OPTCX	GRINX	LIGFX	TSCHX	LANIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Multi-alternativ 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 1290 Multi-alternativ'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
EKBDX	1.05	0.10	0.04	0.14	1.89	(0.93)	2.15	(2.18)	13.06
CENNX	0.60	0.05	0.02	0.15	0.94	(0.61)	0.99	(1.19)	5.29
OPTCX	0.12	0.02	(0.06)	0.61	0.00	(0.26)	0.31	(0.31)	1.44
GRINX	1.09	0.09	0.05	0.13	1.73	(1.04)	2.18	(2.57)	12.76
LIGFX	0.37	0.02	(0.02)	0.11	0.58	(0.37)	0.74	(1.09)	3.18
TSCHX	1.07	0.06	0.01	0.56	1.75	(1.11)	2.38	(2.41)	8.04
LANIX	0.92	0.09	0.02	(1.24)	1.56	(0.89)	1.95	(1.78)	10.97

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC