Alternative Asset Correlations

Mutual Funds . USA . 
Fund . Alternative Asset Allocation
JAAPX Fund  USD 16.93  0.03  0.18%   
The current 90-days correlation between Alternative Asset and Us Vector Equity is 0.11 (i.e., Average diversification). The correlation of Alternative Asset 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.

Alternative Asset Correlation With Market

Significant diversification

The correlation between Alternative Asset Allocation and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternative Asset Allocation 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 Alternative Asset Allocation. 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 employment.

Moving together with Alternative Mutual Fund

  0.78JQLMX Multimanager LifestylePairCorr
  0.74JQLBX Multimanager LifestylePairCorr
  0.68JQLAX Multimanager LifestylePairCorr
  0.83JQLCX Multimanager LifestylePairCorr
  0.71JQLGX Multimanager LifestylePairCorr
  0.69JRETX J Hancock IiPairCorr
  0.96JRLDX Retirement Living ThroughPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.86JRLIX Retirement Living ThroughPairCorr
  0.88JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.95JRLOX Retirement Living ThroughPairCorr
  0.75JRLQX Retirement Living ThroughPairCorr
  0.85JRLPX Multi Index 2020PairCorr
  0.75JRLUX Multi Index 2045PairCorr
  0.89JRLWX Retirement Living ThroughPairCorr
  0.9JRLVX Retirement Living ThroughPairCorr
  0.74JRLZX Retirement Living ThroughPairCorr
  0.69JROUX J Hancock IiPairCorr
  0.74JRODX J Hancock IiPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.88JAAIX Alternative AssetPairCorr
  0.89JAAKX Jhancock Multi IndexPairCorr
  0.83JRTBX Retirement Living ThroughPairCorr
  0.85JRTAX Retirement Living ThroughPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.83JRTDX Multi Index 2025PairCorr
  0.8JRTGX Retirement Living ThroughPairCorr
  0.83JRTFX Retirement Living ThroughPairCorr
  1.0JAASX Alternative AssetPairCorr
  0.64JRTIX Multi Index 2030PairCorr
  0.92JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alternative Mutual Fund performing well and Alternative Asset 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 Alternative Asset'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.

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