1290 Multi-alternativ Correlations

TNMAX Fund

USD 10.05 0.04 0.40%

The current 90-days correlation between 1290 Multi Alternative and Jpmorgan High Yield is 0.02 (i.e., Significant 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

Very weak diversification

The correlation between 1290 Multi Alternative Strateg and DJI is 0.48 (i.e., Very weak 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 various price indices.

Moving together with 1290 Mutual Fund

0.82	BXMYX	Blackstone Alternative	Pair Corr
0.93	BXMIX	Blackstone Alternative	Pair Corr
0.93	BXMDX	Blackstone Alternative	Pair Corr
0.96	GARTX	Goldman Sachs Absolute	Pair Corr
0.96	GCRTX	Goldman Sachs Absolute	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VGTSX	Vanguard Total Inter	Pair Corr
0.94	VTIAX	Vanguard Total Inter	Pair Corr
0.92	RTIUX	Tax-managed International	Pair Corr
0.93	TWUAX	Ultra Fund A	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr

Moving against 1290 Mutual Fund

0.6	BMBCX	Blackrock Alternative	Pair Corr
0.53	BKMBX	Blackrock Systematic	Pair Corr
0.51	BAMBX	Blackrock Alternative	Pair Corr
0.5	BIMBX	Blackrock Alternative	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	JYHRX	PYRLX	CRDOX	PBHAX	BHYRX	BUFHX
JYHRX		0.91	0.98	0.74	0.98	0.9	JYHRX
PYRLX	0.91		0.91	0.65	0.9	0.99	PYRLX
CRDOX	0.98	0.91		0.7	0.98	0.9	CRDOX
PBHAX	0.74	0.65	0.7		0.74	0.64	PBHAX
BHYRX	0.98	0.9	0.98	0.74		0.89	BHYRX
BUFHX	0.9	0.99	0.9	0.64	0.89		BUFHX
	JYHRX	PYRLX	CRDOX	PBHAX	BHYRX	BUFHX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JYHRX	0.10	0.03	(0.26)	(3.72)	(0.19)	0.31	(0.15)	0.62
PYRLX	0.10	0.04	(0.20)	0.41	(0.15)	0.32	(0.16)	0.73
CRDOX	0.10	0.05	(0.24)	3.07	(0.15)	0.23	(0.11)	0.57
PBHAX	0.15	0.06	(0.10)	(2.84)	(0.30)	0.43	(0.21)	1.04
BHYRX	0.13	0.04	(0.24)	7.31	(0.22)	0.56	(0.14)	0.72
BUFHX	0.09	0.03	(0.33)	0.41	(0.14)	0.19	(0.10)	0.57

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