Jpmorgan Short Correlations

HLLVX Fund

USD 10.87 0.01 0.09%

The current 90-days correlation between Jpmorgan Short Duration and Us Government Securities is -0.07 (i.e., Good diversification). The correlation of Jpmorgan Short 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 Short Correlation With Market

Modest diversification

The correlation between Jpmorgan Short Duration and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Short Duration 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 Short Duration. 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

0.99	OSTCX	Jpmorgan Short Duration	Pair Corr
0.68	OBBCX	Jpmorgan Mortgage	Pair Corr
0.65	OBOCX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.8	OSGCX	Jpmorgan Small Cap	Pair Corr
0.71	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.67	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.54	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.54	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.53	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.53	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.52	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.52	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.48	JPDVX	Jpmorgan Diversified	Pair Corr
0.45	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.45	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.44	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.38	JPDCX	Jpmorgan Preferred And	Pair Corr
0.32	JPDIX	Jpmorgan Preferred And	Pair Corr
0.32	JPDRX	Jpmorgan Preferred And	Pair Corr
0.31	JPDAX	Jpmorgan Preferred And	Pair Corr
0.79	OSVCX	Jpmorgan Small Cap	Pair Corr
0.69	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.68	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.68	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.66	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.64	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.64	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.57	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.54	JPICX	Jpmorgan California Tax	Pair Corr
0.54	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.54	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.53	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.8	PGSGX	Jpmorgan Small Cap	Pair Corr
0.54	TXRCX	Jpmorgan Tax Aware	Pair Corr
0.53	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.53	TXRAX	Jpmorgan Tax Aware	Pair Corr
0.52	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.52	TXRIX	Jpmorgan Tax Aware	Pair Corr

Related Correlations Analysis

	CGTFX	RGVEX	SSAGX	SWGXX	TWUOX	SNGYX	NUSAX	CGTCX
CGTFX		1.0	0.88	0.66	0.92	0.99	0.74	1.0	CGTFX
RGVEX	1.0		0.88	0.66	0.92	0.99	0.75	1.0	RGVEX
SSAGX	0.88	0.88		0.62	0.94	0.89	0.89	0.86	SSAGX
SWGXX	0.66	0.66	0.62		0.61	0.69	0.56	0.65	SWGXX
TWUOX	0.92	0.92	0.94	0.61		0.9	0.88	0.9	TWUOX
SNGYX	0.99	0.99	0.89	0.69	0.9		0.78	0.99	SNGYX
NUSAX	0.74	0.75	0.89	0.56	0.88	0.78		0.72	NUSAX
CGTCX	1.0	1.0	0.86	0.65	0.9	0.99	0.72		CGTCX
	CGTFX	RGVEX	SSAGX	SWGXX	TWUOX	SNGYX	NUSAX	CGTCX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Short 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 Short'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
CGTFX	0.32	0.01	0.34	(0.22)	0.35	(0.34)	0.60	(0.66)	1.82
RGVEX	0.30	0.01	0.35	(0.24)	0.33	(0.33)	0.59	(0.58)	1.90
SSAGX	0.06	0.01	1.22	2.37	0.00	(0.17)	0.10	(0.10)	0.61
SWGXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
TWUOX	0.08	0.00	0.84	(0.33)	0.00	(0.17)	0.22	(0.22)	0.66
SNGYX	0.22	0.01	0.43	(0.24)	0.22	(0.26)	0.49	(0.49)	1.27
NUSAX	0.03	0.00	0.00	(0.70)	0.00	0.00	0.10	0.00	0.19
CGTCX	0.32	0.00	0.32	(0.17)	0.35	(0.35)	0.61	(0.67)	1.83

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