Jpmorgan Trust Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Trust Iv
EMREX Fund  USD 19.18  0.01  0.05%   
The current 90-days correlation between Jpmorgan Trust Iv and Jpmorgan Smartretirement 2035 is 0.65 (i.e., Poor diversification). The correlation of Jpmorgan Trust 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.

Jpmorgan Trust Correlation With Market

Very weak diversification

The correlation between Jpmorgan Trust Iv and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Trust Iv and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Jpmorgan Trust Iv. 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 income.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.73SRJQX Jpmorgan SmartretirementPairCorr
  0.64SRJPX Jpmorgan SmartretirementPairCorr
  0.64SRJSX Jpmorgan SmartretirementPairCorr
  0.64SRJYX Jpmorgan SmartretirementPairCorr
  0.64SRJZX Jpmorgan SmartretirementPairCorr
  0.64SRJCX Jpmorgan SmartretirementPairCorr
  0.64SRJAX Jpmorgan SmartretirementPairCorr
  0.63OSGCX Jpmorgan Small CapPairCorr
  0.62OSGIX Jpmorgan Mid CapPairCorr
  0.72JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.97JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.62JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.72JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.82OSTCX Jpmorgan Short DurationPairCorr
  0.63JPIVX Jpmorgan Intrepid ValuePairCorr
  0.66OSVCX Jpmorgan Small CapPairCorr
  0.74JPHSX Jpmorgan Floating RatePairCorr
  0.76JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.86JPICX Jpmorgan California TaxPairCorr
  0.64OBDCX Jpmorgan E PlusPairCorr
  0.97JPPEX Jpmorgan Mid CapPairCorr
  0.98JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.95JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.99EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Trust 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 Jpmorgan Trust'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.42  0.08  0.04  0.28  0.27 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.39  0.20  0.12 (3.34) 0.00 
(0.48)
 1.28 
(0.61)
 2.86 
SRJPX  0.39  0.13  0.12  0.41  0.00 
(0.49)
 1.30 
(0.63)
 2.91 
SRJSX  0.40  0.13  0.13  0.41  0.00 
(0.49)
 1.28 
(0.61)
 2.86 
SRJYX  0.40  0.14  0.13  0.44  0.00 
(0.49)
 1.33 
(0.58)
 2.91 
SRJZX  0.40  0.13  0.12  0.40  0.00 
(0.48)
 1.30 
(0.59)
 2.91 
SRJCX  0.40  0.13  0.11  0.43  0.00 
(0.49)
 1.31 
(0.60)
 2.94 
SRJAX  0.39  0.13  0.12  0.40  0.00 
(0.49)
 1.29 
(0.61)
 2.89 
OSGCX  0.90  0.19  0.17  0.32  0.62 
(1.07)
 2.49 
(1.59)
 6.40 
OSGIX  0.85  0.30  0.34  0.51  0.23 
(1.05)
 2.50 
(1.05)
 5.86 

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