Jupiter Fund Correlations

Stocks . Germany . 
Stock . Jupiter Fund Management
4JF Stock  EUR 1.42  0.04  2.74%   
The current 90-days correlation between Jupiter Fund Management and UNIVERSAL DISPLAY is -0.15 (i.e., Good diversification). The correlation of Jupiter Fund 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.

Jupiter Fund Correlation With Market

Weak diversification

The correlation between Jupiter Fund Management and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jupiter Fund Management and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jupiter Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jupiter Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jupiter Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jupiter Fund Management to buy it.

Moving together with Jupiter Stock

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  0.670QN Ares Management CorpPairCorr
  0.86NT4 Northern Trust Earnings Call This WeekPairCorr
  0.89SSU Samsung ElectronicsPairCorr
  0.962WGA WOORI FIN GRP Earnings Call This WeekPairCorr
  0.8PKX POSCO HoldingsPairCorr
  0.765EE MEBUKI FINANCIALPairCorr
  0.92C6TB CHINA BANK ADR20PairCorr
  0.84ICK Industrial and CommercialPairCorr
  0.86ICKB INDCOMMBK CHINA ADR20PairCorr
  0.89FA2 FORWARD AIR PPairCorr
  0.77JOT ELEKTROBITPairCorr
  0.77HEI Heidelberg MaterialsPairCorr
  0.72KGHA KGHM Polska MiedzPairCorr
  0.69F1YN Lundin GoldPairCorr
  0.64AG8 AGILENT TECHPairCorr
  0.7E908 Lyxor 1PairCorr
  0.62DBPE Xtrackers LevDAXPairCorr

Moving against Jupiter Stock

  0.68TOMA Toyota MotorPairCorr
  0.62DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
751
+ 0.7
UVD
9GY
+ 0.58
UVD
751
+ 0.58
9GY
B2W
+ 0.43
9GY
751
+ 0.31
B2W
B2W
+ 0.27
UVD
  
High negative correlations   
CUW
- 0.72
9GY
751
- 0.31
CUW
45P
- 0.3
UVD
751
- 0.29
45P
CUW
- 0.29
UVD
CUW
- 0.28
B2W

Risk-Adjusted Indicators

There is a big difference between Jupiter Stock performing well and Jupiter Fund Company 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 Jupiter Fund'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jupiter Fund without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Jupiter Fund Corporate Management

Elected by the shareholders, the Jupiter Fund's board of directors comprises two types of representatives: Jupiter Fund inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jupiter. The board's role is to monitor Jupiter Fund's management team and ensure that shareholders' interests are well served. Jupiter Fund's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jupiter Fund's outside directors are responsible for providing unbiased perspectives on the board's policies.
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