James Alpha Correlations

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.

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 main economic indicators.

Moving together with James Mutual Fund

0.93	DFGEX	Dfa Global Real	Pair Corr
0.96	VGRNX	Vanguard Global Ex	Pair Corr
0.94	DFITX	Dfa International Real	Pair Corr
0.96	VGRLX	Vanguard Global Ex	Pair Corr
0.87	PGRKX	Global Real Estate	Pair Corr
0.89	PGRUX	Global Real Estate	Pair Corr
0.94	PURRX	Prudential Global Real	Pair Corr
0.95	PGRQX	Prudential Global Real	Pair Corr
0.75	VSTSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VTSNX	Vanguard Total Inter	Pair Corr
0.93	VTISX	Vanguard Total Inter	Pair Corr
0.93	VTPSX	Vanguard Total Inter	Pair Corr
0.71	VINIX	Vanguard Institutional	Pair Corr
0.77	CFIPX	Qs Global Equity	Pair Corr
0.64	PBLCX	Blue Chip Fund	Pair Corr
0.9	BMBSX	Baird Quality Interm	Pair Corr
0.64	INTC	Intel	Pair Corr
0.69	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr

Moving against James Mutual Fund

0.54	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	TWSMX	MMDAX	MXDPX	VRRJX	RRPPX	SRJIX	ASTCX
TWSMX		0.93	0.95	0.91	0.94	0.96	1.0	TWSMX
MMDAX	0.93		0.99	0.99	0.99	0.92	0.93	MMDAX
MXDPX	0.95	0.99		0.97	0.98	0.94	0.94	MXDPX
VRRJX	0.91	0.99	0.97		0.98	0.89	0.91	VRRJX
RRPPX	0.94	0.99	0.98	0.98		0.92	0.93	RRPPX
SRJIX	0.96	0.92	0.94	0.89	0.92		0.96	SRJIX
ASTCX	1.0	0.93	0.94	0.91	0.93	0.96		ASTCX
	TWSMX	MMDAX	MXDPX	VRRJX	RRPPX	SRJIX	ASTCX

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
TWSMX	0.45	0.11	0.14	0.24	0.23	(0.58)	0.95	(0.78)	6.76
MMDAX	0.41	0.10	0.15	0.26	0.17	(0.50)	0.95	(0.67)	5.00
MXDPX	0.26	0.04	0.02	0.17	0.12	(0.34)	0.62	(0.49)	1.54
VRRJX	0.50	0.14	0.18	0.34	0.26	(0.58)	0.86	(0.91)	8.22
RRPPX	0.32	0.09	0.15	0.34	0.00	(0.38)	0.61	(0.60)	3.48
SRJIX	0.42	0.07	0.08	0.20	0.33	(0.47)	0.83	(0.73)	4.59
ASTCX	0.47	0.10	0.15	0.23	0.24	(0.64)	0.91	(0.81)	7.06

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James Alpha Correlations

Moving together with James Mutual Fund

Moving against James Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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