Edward Jones Correlations

JRSXX Fund

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The correlation of Edward Jones 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, which includes a position in Edward Jones Money. 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.

Related Correlations Analysis

	HRVIX	MXLSX	ABYSX	RYOFX	VISVX	LRSOX	LVAQX
HRVIX		0.95	0.94	0.97	0.95	0.99	1.0	HRVIX
MXLSX	0.95		0.98	0.94	0.98	0.96	0.95	MXLSX
ABYSX	0.94	0.98		0.94	1.0	0.95	0.94	ABYSX
RYOFX	0.97	0.94	0.94		0.93	0.98	0.96	RYOFX
VISVX	0.95	0.98	1.0	0.93		0.96	0.95	VISVX
LRSOX	0.99	0.96	0.95	0.98	0.96		0.99	LRSOX
LVAQX	1.0	0.95	0.94	0.96	0.95	0.99		LVAQX
	HRVIX	MXLSX	ABYSX	RYOFX	VISVX	LRSOX	LVAQX

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Risk-Adjusted Indicators

There is a big difference between Edward Money Market Fund performing well and Edward Jones 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 Edward Jones' 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
HRVIX	0.78	0.13	0.04	0.78	0.58	(0.92)	1.63	(1.23)	7.46
MXLSX	0.80	0.01	0.08	0.12	0.46	(1.01)	2.08	(1.10)	7.51
ABYSX	0.74	0.04	0.08	0.14	0.56	(0.95)	1.73	(1.22)	5.95
RYOFX	0.94	0.21	0.13	0.96	0.70	(1.17)	2.31	(1.56)	7.54
VISVX	0.69	0.03	0.07	0.14	0.43	(0.78)	1.65	(1.00)	5.74
LRSOX	0.83	0.15	0.09	0.58	0.56	(1.04)	2.12	(1.24)	7.26
LVAQX	0.79	0.12	0.03	0.74	0.63	(0.98)	1.72	(1.35)	7.39

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