Csjxx Correlations

CSJXX Fund

4.42 0.00 0.00%

The current 90-days correlation between Csjxx and Deutsche Real Estate is 0.05 (i.e., Significant diversification). The correlation of Csjxx 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.

Csjxx Correlation With Market

Good diversification

The correlation between Csjxx and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Csjxx and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Csjxx. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Csjxx Money Market Fund

0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.68	NHS	Neuberger Berman High	Pair Corr

Moving against Csjxx Money Market Fund

0.81	RFXIX	Rational Special Sit	Pair Corr
0.8	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	TPZ	Tortoise Capital Series	Pair Corr
0.78	WUSRX	Wells Fargo Ultra	Pair Corr
0.77	AFOZX	Alger Funds Mid	Pair Corr
0.76	CFSIX	Touchstone Sands Capital	Pair Corr
0.75	HAGAX	Eagle Mid Cap	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.72	ETCEX	Eventide Exponential	Pair Corr
0.72	PHSKX	Virtus Kar Mid	Pair Corr
0.71	PSDSX	Palmer Square Ultra	Pair Corr
0.7	MBCZX	Massmutual Select Blue	Pair Corr
0.7	DTGRX	Dreyfus Technology Growth	Pair Corr
0.7	AFRFX	Invesco Floating Rate	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VTSMX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.63	DSHZX	Brinker Capital Dest	Pair Corr
0.62	AULDX	Ultra Fund R6	Pair Corr
0.62	HGOSX	Hartford Growth	Pair Corr
0.62	HGOVX	Hartford Growth	Pair Corr
0.55	PAGRX	Aggressive Growth Steady Growth	Pair Corr
0.84	FCSKX	Franklin Vertible	Pair Corr
0.8	CSHIX	Credit Suisse Floating	Pair Corr
0.8	ASIUX	Multi Asset Real	Pair Corr
0.78	FRSGX	Franklin Small Mid	Pair Corr
0.77	AFOIX	Alger Mid Cap	Pair Corr
0.77	MLXIX	Catalyst Mlp Infrast Steady Growth	Pair Corr
0.76	URUSX	Ultra Short Term	Pair Corr
0.75	APSHX	Pinnacle Sherman Multi	Pair Corr
0.75	DREQX	Dreyfus Research Growth	Pair Corr

Related Correlations Analysis

	RRRZX	GURPX	NMMRF	DREYX	TIREX	GMJPX	REPIX	NREEX
RRRZX		0.97	0.33	0.88	0.89	0.95	0.98	0.99	RRRZX
GURPX	0.97		0.2	0.84	0.87	0.93	0.93	0.94	GURPX
NMMRF	0.33	0.2		0.41	0.29	0.29	0.42	0.42	NMMRF
DREYX	0.88	0.84	0.41		0.97	0.87	0.9	0.9	DREYX
TIREX	0.89	0.87	0.29	0.97		0.9	0.88	0.88	TIREX
GMJPX	0.95	0.93	0.29	0.87	0.9		0.94	0.93	GMJPX
REPIX	0.98	0.93	0.42	0.9	0.88	0.94		0.99	REPIX
NREEX	0.99	0.94	0.42	0.9	0.88	0.93	0.99		NREEX
	RRRZX	GURPX	NMMRF	DREYX	TIREX	GMJPX	REPIX	NREEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Csjxx Money Market Fund performing well and Csjxx Money Market 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 Csjxx'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RRRZX	0.80	(0.14)	(4.17)	1.35	(1.62)	6.80
GURPX	0.68	(0.14)	(1.88)	1.24	(1.83)	5.09
NMMRF	0.17	(0.10)	(0.92)	0.00	0.00	5.82
DREYX	0.77	(0.13)	(0.66)	1.34	(1.60)	5.63
TIREX	0.77	(0.13)	(0.68)	1.25	(1.82)	5.47
GMJPX	0.83	(0.17)	(2.08)	1.45	(2.05)	6.48
REPIX	1.23	(0.22)	(2.02)	1.87	(2.96)	8.44
NREEX	0.80	(0.14)	(1.51)	1.29	(1.60)	5.53

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

2024 Macroaxis LLC