James Alpha Correlations

James Alpha Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Alpha Managed. 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 income.

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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    PRFHX + 0.96 CFNLX ARTFX + 0.95 PHDTX TPYYX + 0.66 PRFHX TPYYX + 0.61 CFNLX TPYYX + 0.5 PHDTX ARTFX + 0.49 TPYYX

High negative correlations    ARTFX - 0.0 AGRXX TPYYX - 0.0 AGRXX PRFHX - 0.0 AGRXX PHDTX - 0.0 AGRXX AGRXX - 0.0 CFNLX

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.