JPMorgan Chase Correlations

CMC Stock

EUR 249.40 0.50 0.20%

The current 90-days correlation between JPMorgan Chase and Wells Fargo is 0.15 (i.e., Average diversification). The correlation of JPMorgan Chase 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.

JPMorgan Chase Correlation With Market

Good diversification

The correlation between JPMorgan Chase Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Chase Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JPMorgan Chase could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Chase 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 JPMorgan Chase - 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 JPMorgan Chase Co to buy it.

Moving together with JPMorgan Stock

0.96	NCB	Bank of America	Pair Corr
0.91	NWT	Wells Fargo	Pair Corr
0.84	C6T	China Construction Bank	Pair Corr
0.83	HBC1	HSBC Holdings plc	Pair Corr
0.83	HBC2	HSBC Holdings plc	Pair Corr
0.81	EK7	Agricultural Bank	Pair Corr
0.84	RYC	Royal Bank	Pair Corr
0.73	CWW	Commonwealth Bank	Pair Corr
0.83	SSU	Samsung Electronics	Pair Corr
0.84	SSUN	Samsung Electronics	Pair Corr
0.85	SSU	Samsung Electronics	Pair Corr
0.83	SSUN	Samsung Electronics	Pair Corr
0.9	HEI	Heidelberg Materials	Pair Corr
0.79	KGHA	KGHM Polska Miedz	Pair Corr
0.85	E908	Lyxor 1	Pair Corr
0.8	DBPE	Xtrackers LevDAX	Pair Corr

Moving against JPMorgan Stock

0.82

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	CMC	NWT	C6T	HBC1	EK7	RYC	W8V	CWW
CMC		0.91	0.84	0.83	0.81	0.84	0.46	0.73	CMC
NWT	0.91		0.71	0.82	0.68	0.79	0.57	0.63	NWT
C6T	0.84	0.71		0.61	0.84	0.7	0.25	0.72	C6T
HBC1	0.83	0.82	0.61		0.64	0.9	0.7	0.68	HBC1
EK7	0.81	0.68	0.84	0.64		0.7	0.24	0.81	EK7
RYC	0.84	0.79	0.7	0.9	0.7		0.58	0.8	RYC
W8V	0.46	0.57	0.25	0.7	0.24	0.58		0.36	W8V
CWW	0.73	0.63	0.72	0.68	0.81	0.8	0.36		CWW
	CMC	NWT	C6T	HBC1	EK7	RYC	W8V	CWW

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Risk-Adjusted Indicators

There is a big difference between JPMorgan Stock performing well and JPMorgan Chase 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 JPMorgan Chase'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
CMC	1.14	0.29	0.13	(6.26)	0.87	(1.41)	2.80	(1.54)	6.93
NWT	1.37	0.34	0.15	4.27	1.20	(1.70)	3.58	(2.06)	9.67
C6T	2.02	0.46	0.05	2.12	4.12	(3.28)	2.78	(1.28)	32.63
HBC1	1.12	0.29	0.08	(0.54)	1.02	(1.32)	2.73	(1.82)	9.53
EK7	1.68	0.31	0.04	(0.56)	1.72	(3.03)	3.70	(3.33)	14.61
RYC	0.80	0.16	0.03	(10.61)	0.87	(0.98)	2.37	(1.50)	7.42
W8V	1.43	0.05	(0.01)	0.29	1.49	(2.17)	2.08	(2.04)	7.77
CWW	1.00	0.23	0.07	(1.24)	0.93	(1.18)	2.34	(1.55)	7.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in JPMorgan Chase 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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JPMorgan Chase Corporate Management

Elected by the shareholders, the JPMorgan Chase's board of directors comprises two types of representatives: JPMorgan Chase inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JPMorgan. The board's role is to monitor JPMorgan Chase's management team and ensure that shareholders' interests are well served. JPMorgan Chase'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, JPMorgan Chase's outside directors are responsible for providing unbiased perspectives on the board's policies.

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