Jag Large Correlations

JLGIX Fund

USD 18.87 0.17 0.91%

The current 90-days correlation between Jag Large Cap and Goldman Sachs High is 0.17 (i.e., Average diversification). The correlation of Jag Large 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.

Jag Large Correlation With Market

Poor diversification

The correlation between Jag Large Cap and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jag Large Cap 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 Jag Large Cap. 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 gross domestic product.

Moving together with Jag Mutual Fund

0.76	VIGAX	Vanguard Growth Index	Pair Corr
0.66	LIIAX	Columbia Porate Income	Pair Corr
0.66	SRINX	Columbia Porate Income	Pair Corr
0.66	WHIAX	Ivy High Income	Pair Corr
0.65	IHIFX	Ivy High Income	Pair Corr
0.66	IVHIX	Ivy High Income	Pair Corr

Moving against Jag Mutual Fund

0.32

ATT Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	GMOZX	TRKZX	TIHHX	AHYMX	DAHYX	GSHUX
GMOZX		0.93	0.97	0.91	0.95	0.94	GMOZX
TRKZX	0.93		0.97	0.88	0.93	0.99	TRKZX
TIHHX	0.97	0.97		0.92	0.94	0.98	TIHHX
AHYMX	0.91	0.88	0.92		0.85	0.9	AHYMX
DAHYX	0.95	0.93	0.94	0.85		0.95	DAHYX
GSHUX	0.94	0.99	0.98	0.9	0.95		GSHUX
	GMOZX	TRKZX	TIHHX	AHYMX	DAHYX	GSHUX

Risk-Adjusted Indicators

There is a big difference between Jag Mutual Fund performing well and Jag Large 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 Jag Large'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMOZX	0.09	0.00	(0.21)	0.09	(0.12)	0.23	(0.23)	0.71
TRKZX	0.13	0.01	(0.16)	0.83	(0.26)	0.34	(0.17)	1.02
TIHHX	0.12	0.01	(0.17)	0.19	(0.19)	0.23	(0.23)	0.79
AHYMX	0.08	0.01	(0.24)	(0.39)	(0.16)	0.22	(0.11)	0.67
DAHYX	0.12	0.01	(0.23)	0.87	(0.16)	0.23	(0.23)	0.69
GSHUX	0.09	0.01	(0.20)	0.33	(0.26)	0.18	(0.18)	0.71

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

2026 Macroaxis LLC