Blue Chip Correlations

JBGAX Fund

USD 64.98 0.07 0.11%

The current 90-days correlation between Blue Chip Growth and Regional Bank Fund is 0.47 (i.e., Very weak diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Average diversification

The correlation between Blue Chip Growth and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Growth 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 Blue Chip Growth. 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 nation.

Moving together with Blue Mutual Fund

0.64	JQLGX	Multimanager Lifestyle	Pair Corr
0.93	JAAIX	Alternative Asset	Pair Corr
0.95	JAAAX	Alternative Asset	Pair Corr
0.74	JACLX	John Hancock Mid	Pair Corr
0.61	JTGIX	Multimanager Lifestyle	Pair Corr
0.95	JTMIX	Multimanager Lifestyle	Pair Corr
0.93	JDVNX	Jhancock Disciplined	Pair Corr
0.66	JVMIX	John Hancock Disciplined	Pair Corr
0.93	JVLCX	John Hancock Disciplined	Pair Corr
0.93	JVLIX	John Hancock Disciplined	Pair Corr
0.91	JGECX	Jhancock Global Equity	Pair Corr
0.9	JHJIX	John Hancock Esg	Pair Corr
0.98	JHRTX	Retirement Living Through	Pair Corr
0.9	JHSFX	John Hancock Municipal	Pair Corr
0.98	JHRDX	Retirement Living Through	Pair Corr
0.98	JHRGX	Retirement Living Through	Pair Corr
0.88	JIGBX	John Hancock Investment	Pair Corr
0.94	JIPIX	Strategic Income Opp	Pair Corr
0.97	JLEIX	Retirement Living Through	Pair Corr
0.61	JLGSX	Lifestyle Ii Growth	Pair Corr
0.98	JLFOX	Retirement Living Through	Pair Corr
0.95	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.69	FAFGX	American Funds	Pair Corr
0.96	FFAFX	American Funds	Pair Corr
0.68	GFACX	Growth Fund	Pair Corr
0.66	GFAFX	Growth Fund	Pair Corr
0.66	AGTHX	Growth Fund	Pair Corr
0.63	CGFFX	Growth Fund	Pair Corr
0.66	CGFCX	Growth Fund	Pair Corr

Moving against Blue Mutual Fund

0.51	JYEBX	Jhancock Real Estate	Pair Corr
0.42	JCTFX	John Hancock High	Pair Corr

Related Correlations Analysis

	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JQLGX	JRBFX	JRETX	JRGRX
FRBAX		1.0	0.54	0.82	0.58	0.73	0.58	0.95	0.83	0.95	FRBAX
FRBCX	1.0		0.53	0.81	0.58	0.72	0.57	0.95	0.83	0.95	FRBCX
JQLMX	0.54	0.53		0.65	0.99	0.69	0.99	0.57	0.66	0.57	JQLMX
JQLBX	0.82	0.81	0.65		0.64	0.96	0.65	0.8	1.0	0.8	JQLBX
JQLAX	0.58	0.58	0.99	0.64		0.67	1.0	0.62	0.65	0.62	JQLAX
JQLCX	0.73	0.72	0.69	0.96	0.67		0.68	0.76	0.95	0.76	JQLCX
JQLGX	0.58	0.57	0.99	0.65	1.0	0.68		0.62	0.66	0.62	JQLGX
JRBFX	0.95	0.95	0.57	0.8	0.62	0.76	0.62		0.8	1.0	JRBFX
JRETX	0.83	0.83	0.66	1.0	0.65	0.95	0.66	0.8		0.81	JRETX
JRGRX	0.95	0.95	0.57	0.8	0.62	0.76	0.62	1.0	0.81		JRGRX
	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JQLGX	JRBFX	JRETX	JRGRX

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Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRBAX	1.04	0.16	0.08	0.60	1.00	(1.21)	2.46	(1.84)	6.10
FRBCX	1.04	0.16	0.07	0.59	1.00	(1.20)	2.43	(1.86)	6.14
JQLMX	0.21	0.07	(0.15)	(0.69)	0.00	(0.26)	0.56	(0.31)	1.16
JQLBX	0.30	0.08	(0.05)	1.26	0.00	(0.36)	0.85	(0.44)	1.98
JQLAX	0.42	0.13	0.00	(0.48)	0.35	(0.47)	1.19	(0.79)	2.48
JQLCX	0.15	0.06	(0.26)	(1.43)	0.00	(0.21)	0.41	(0.25)	1.01
JQLGX	0.36	0.11	(0.02)	(0.52)	0.23	(0.44)	1.03	(0.62)	2.04
JRBFX	1.05	0.24	0.09	(1.35)	0.99	(1.20)	2.46	(1.85)	6.14
JRETX	0.45	0.11	0.03	1.11	0.32	(0.54)	1.34	(0.83)	2.77
JRGRX	1.04	0.24	0.09	(1.31)	0.99	(1.20)	2.46	(1.85)	6.14

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