Jpmorgan Mid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Mid Cap
FLMVX Fund  USD 37.63  0.06  0.16%   
The current 90-days correlation between Jpmorgan Mid Cap and Jpmorgan Smartretirement 2035 is 0.87 (i.e., Very poor diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid Cap. 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 real.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.97SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.94OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.94JPBRX Jpmorgan SmartretirementPairCorr
  0.93JPDAX Jpmorgan Preferred AndPairCorr
  0.93JPDCX Jpmorgan Preferred AndPairCorr
  0.92JPDIX Jpmorgan Preferred AndPairCorr
  0.92JPDRX Jpmorgan Preferred AndPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.78JPHAX Jpmorgan Floating RatePairCorr
  0.77JPHCX Jpmorgan Floating RatePairCorr
  0.9OSTAX Jpmorgan Short InterPairCorr
  0.74OSTCX Jpmorgan Short DurationPairCorr
  0.98OSVCX Jpmorgan Small CapPairCorr
  0.82JPHSX Jpmorgan Floating RatePairCorr
  0.82JPHRX Jpmorgan Floating RatePairCorr
  0.9OSTSX Jpmorgan Short InterPairCorr
  0.86JPICX Jpmorgan California TaxPairCorr
  0.99JPPEX Jpmorgan Mid CapPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.94JPTBX Jpmorgan Smartretirement*PairCorr
  0.94JPTKX Jpmorgan Smartretirement*PairCorr
  0.94JPTLX Jpmorgan SmartretirementPairCorr
  0.94JPSRX Jpmorgan Smartretirement*PairCorr
  0.91JPVRX Jpmorgan InternationalPairCorr
  0.91JPVZX Jpmorgan InternationalPairCorr
  0.94JPYRX Jpmorgan Smartretirement*PairCorr
  0.94EMREX Jpmorgan Trust IvPairCorr

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 Mid 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 Mid'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  0.42  0.18  0.06 (2.88) 0.24 
(0.48)
 1.28 
(0.94)
 2.86 
SRJPX  0.42  0.17  0.06 (2.88) 0.27 
(0.48)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.04  0.28  0.27 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.18  0.06 (2.72) 0.27 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.42  0.08  0.04  0.27  0.27 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.43  0.17  0.05 (2.74) 0.26 
(0.48)
 1.31 
(0.96)
 2.94 
SRJAX  0.42  0.18  0.06 (2.72) 0.28 
(0.48)
 1.29 
(0.95)
 2.89 
OSGCX  0.93  0.31  0.12 (1.32) 0.81 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.36  0.19 (1.53) 0.69 
(1.03)
 2.50 
(1.28)
 5.86 

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