James Balanced: Correlations

GLRBX Fund

USD 24.51 0.03 0.12%

The current 90-days correlation between James Balanced Golden and Deutsche Equity 500 is -0.17 (i.e., Good diversification). The correlation of James Balanced: 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 Balanced: Correlation With Market

Good diversification

The correlation between James Balanced Golden 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 Balanced Golden 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 Balanced Golden. 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 bureau of labor statistics.

Moving together with James Mutual Fund

0.74	JASCX	James Small Cap	Pair Corr
0.96	JAVAX	James Aggressive All	Pair Corr
0.98	GLRIX	James Balanced Golden	Pair Corr
0.95	VWINX	Vanguard Wellesley Income	Pair Corr
0.97	VWIAX	Vanguard Wellesley Income	Pair Corr
0.96	BKMIX	Blackrock Multi Asset	Pair Corr
0.94	HBLTX	Hartford Balanced	Pair Corr
0.92	HBLRX	Hartford Balanced	Pair Corr
0.92	HBLSX	Hartford Balanced	Pair Corr
0.92	HBLVX	Hartford Balanced	Pair Corr
0.92	HBLYX	Hartford Balanced	Pair Corr
0.91	HBLCX	Hartford Balanced	Pair Corr
0.94	HBLIX	Hartford Balanced	Pair Corr
0.83	SMPSX	Semiconductor Ultrasector	Pair Corr
0.82	SMPIX	Semiconductor Ultrasector	Pair Corr
0.86	RSNRX	Victory Global Natural	Pair Corr
0.87	RSNYX	Victory Global Natural	Pair Corr
0.86	RGNCX	Victory Global Natural	Pair Corr
0.87	BVEIX	Becker Value Equity	Pair Corr
0.94	LOTAX	Locorr Market Trend	Pair Corr
0.96	PYHRX	Payden High Income	Pair Corr
0.88	APISX	Short Duration Inflation	Pair Corr
0.96	FSMNX	Fidelity Sai Municipal	Pair Corr
0.93	AGEAX	Arbitrage Event	Pair Corr
0.97	IFAFX	Income Fund	Pair Corr
0.98	PAHNX	Putnam Retirement	Pair Corr
0.87	LRRRX	Floating Rate	Pair Corr
0.82	GRRGX	Deutsche Gnma	Pair Corr
0.87	VEOIX	Vanguard Trustees Equity	Pair Corr
0.93	NDXKX	Nasdaq 100 Index	Pair Corr
0.87	AGVEX	American Funds Global	Pair Corr
0.97	FAGCX	Fidelity Advisor Growth	Pair Corr

Moving against James Mutual Fund

0.65	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.62	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.62	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	BTIEX	MUA	NNLEX	MGRIX	TRRVX	WMICX	NMVLX	MVF	SWHRX	OBIOX
BTIEX		0.73	-0.46	0.84	0.98	0.93	-0.01	0.9	0.98	0.44	BTIEX
MUA	0.73		-0.1	0.71	0.79	0.78	-0.05	0.72	0.79	0.69	MUA
NNLEX	-0.46	-0.1		-0.41	-0.42	-0.23	0.45	-0.67	-0.45	0.26	NNLEX
MGRIX	0.84	0.71	-0.41		0.82	0.78	-0.14	0.8	0.82	0.51	MGRIX
TRRVX	0.98	0.79	-0.42	0.82		0.96	0.06	0.91	1.0	0.49	TRRVX
WMICX	0.93	0.78	-0.23	0.78	0.96		0.1	0.79	0.94	0.55	WMICX
NMVLX	-0.01	-0.05	0.45	-0.14	0.06	0.1		-0.12	0.07	0.18	NMVLX
MVF	0.9	0.72	-0.67	0.8	0.91	0.79	-0.12		0.93	0.31	MVF
SWHRX	0.98	0.79	-0.45	0.82	1.0	0.94	0.07	0.93		0.47	SWHRX
OBIOX	0.44	0.69	0.26	0.51	0.49	0.55	0.18	0.31	0.47		OBIOX
	BTIEX	MUA	NNLEX	MGRIX	TRRVX	WMICX	NMVLX	MVF	SWHRX	OBIOX

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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

SWHRX	+ 1.0	TRRVX
TRRVX	+ 0.98	BTIEX
SWHRX	+ 0.98	BTIEX
WMICX	+ 0.96	TRRVX
SWHRX	+ 0.94	WMICX
WMICX	+ 0.93	BTIEX

High negative correlations

MVF	- 0.67	NNLEX
NNLEX	- 0.46	BTIEX
SWHRX	- 0.45	NNLEX
TRRVX	- 0.42	NNLEX
MGRIX	- 0.41	NNLEX
WMICX	- 0.23	NNLEX

Risk-Adjusted Indicators

There is a big difference between James Mutual Fund performing well and James Balanced: 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 Balanced:'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
BTIEX	0.50	0.03	0.03	0.10	0.56	(0.54)	1.13	(0.63)	4.22
MUA	0.65	0.12	0.05	1.24	0.89	(0.72)	1.33	(1.31)	6.61
NNLEX	0.79	(0.15)	0.00	(0.04)	0.00	0.00	1.79	(1.55)	5.19
MGRIX	0.67	0.07	(0.03)	(0.18)	0.90	(0.69)	1.32	(1.44)	5.41
TRRVX	0.20	0.02	(0.10)	0.13	0.00	(0.25)	0.50	(0.28)	1.91
WMICX	0.93	0.06	0.08	0.12	0.80	(1.09)	2.13	(1.30)	6.06
NMVLX	0.49	(0.05)	(0.14)	(0.01)	0.52	(0.63)	1.22	(0.89)	2.98
MVF	0.43	0.13	0.14	1.79	0.00	(0.61)	1.24	(0.61)	2.82
SWHRX	0.24	0.03	(0.05)	0.15	0.00	(0.30)	0.52	(0.33)	1.92
OBIOX	0.63	0.00	(0.04)	0.08	0.84	(0.63)	1.00	(1.36)	4.02

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