Jpmorgan Emerging Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Emerging Markets
EMRSX Fund  USD 21.03  0.03  0.14%   
The current 90-days correlation between Jpmorgan Emerging Markets and Allianzgi Technology Fund is -0.15 (i.e., Good diversification). The correlation of Jpmorgan Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Jpmorgan Emerging Markets and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Emerging Markets 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 Emerging Markets. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.95SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.95SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.95SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.82OSGCX Jpmorgan Small CapPairCorr
  0.98JPBRX Jpmorgan Smartretirement*PairCorr
  0.96JPDAX Jpmorgan Preferred AndPairCorr
  0.96JPDCX Jpmorgan Preferred AndPairCorr
  0.96JPDIX Jpmorgan Preferred AndPairCorr
  0.96JPDRX Jpmorgan Preferred AndPairCorr
  0.93JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.73JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.9OSTCX Jpmorgan Short DurationPairCorr
  0.76OSVCX Jpmorgan Small CapPairCorr
  0.72JPHSX Jpmorgan Floating RatePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.95JPICX Jpmorgan California TaxPairCorr
  0.89OBDCX Jpmorgan E PlusPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.97JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan Smartretirement*PairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.71JPVRX Jpmorgan InternationalPairCorr
  0.66JPVZX Jpmorgan InternationalPairCorr
  0.81OBOCX Jpmorgan E BondPairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr
  0.97EMREX Jpmorgan Trust IvPairCorr
  0.83PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Emerging 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 Emerging'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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