Jpmorgan Global Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Global Allocation
GAOSX Fund  USD 21.68  0.09  0.42%   
The current 90-days correlation between Jpmorgan Global Allo and Ep Emerging Markets is 0.55 (i.e., Very weak diversification). The correlation of Jpmorgan Global 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 Global Correlation With Market

Very poor diversification

The correlation between Jpmorgan Global Allocation and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Global Allocation. 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 state.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.99OSGCX Jpmorgan Small CapPairCorr
  0.98OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.99JPDAX Jpmorgan Preferred AndPairCorr
  0.99JPDCX Jpmorgan Preferred AndPairCorr
  0.99JPDIX Jpmorgan Preferred AndPairCorr
  0.99JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.64JPHCX Jpmorgan Floating RatePairCorr
  0.98OSTAX Jpmorgan Short InterPairCorr
  0.84OSTCX Jpmorgan Short DurationPairCorr
  0.61JPIVX Jpmorgan Intrepid ValuePairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.71JPHSX Jpmorgan Floating RatePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.98OSTSX Jpmorgan Short InterPairCorr
  0.61OBBCX Jpmorgan MortgagePairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.7OBDCX Jpmorgan E PlusPairCorr
  0.98JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPVRX Jpmorgan InternationalPairCorr
  0.97JPVZX Jpmorgan InternationalPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.99EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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