Vy Jpmorgan Correlations

Mutual Funds USA . 
Fund . Vy Jpmorgan Mid
IJPMX Fund  USD 15.55  0.02  0.13%   
The current 90-days correlation between Vy Jpmorgan Mid and Voya Bond Index is 0.24 (i.e., Modest diversification). The correlation of Vy Jpmorgan 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.

Vy Jpmorgan Correlation With Market

Very poor diversification

The correlation between Vy Jpmorgan Mid and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Jpmorgan Mid 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 Vy Jpmorgan Mid. 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 population.

Moving together with IJPMX Mutual Fund

  0.74ILBPX Voya Limited MaturityPairCorr
  0.77ILMBX Voya Limited MaturityPairCorr
  0.72IMBAX Voya Limited MaturityPairCorr
  1.0IMCVX Voya Multi ManagerPairCorr
  0.95IMOPX Voya Midcap OpportunitiesPairCorr
  0.95IMORX Voya Midcap OpportunitiesPairCorr
  0.95IMOWX Voya Midcap OpportunitiesPairCorr
  0.95IMOZX Voya Midcap OpportunitiesPairCorr
  0.91IMYCX Voya High YieldPairCorr
  0.85INGIX Voya Stock IndexPairCorr
  0.96VPISX Voya Index SolutionPairCorr
  0.91INTIX Voya International IndexPairCorr
  0.96VPSSX Voya Index SolutionPairCorr
  0.77VPRSX Voya Jpmorgan SmallPairCorr
  0.96VPSAX Voya Index SolutionPairCorr
  0.96IOGPX Vy Oppenheimer GlobalPairCorr
  0.91NAPIX Voya Multi ManagerPairCorr
  0.91NARCX Voya Multi ManagerPairCorr
  0.94NAWCX Voya Global EquityPairCorr
  0.94NAWGX Voya Global EquityPairCorr
  0.94NAWIX Voya Global EquityPairCorr
  0.91IPARX Voya Global PerspectivesPairCorr
  0.91IPIMX Voya High YieldPairCorr
  0.9IPIRX Voya Global PerspectivesPairCorr
  0.91IPHYX Voya High YieldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between IJPMX Mutual Fund performing well and Vy Jpmorgan 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 Vy Jpmorgan'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
ILABX  0.25 (0.01)(0.36) 0.04  0.28 
(0.27)
 0.45 
(0.45)
 1.24 
ILBAX  0.24 (0.01)(0.36) 0.04  0.26 
(0.27)
 0.45 
(0.55)
 1.12 
ILBPX  0.08  0.01 (0.88)(1.18) 0.00 
(0.16)
 0.21 
(0.11)
 0.63 
ILMBX  0.08  0.01 (1.07) 4.56  0.00 
(0.17)
 0.21 
(0.10)
 0.63 
ILUAX  0.25 (0.01)(0.38) 0.05  0.28 
(0.26)
 0.45 
(0.45)
 1.24 
IMBAX  0.09  0.00 (0.92) 0.00  0.00 
(0.17)
 0.22 
(0.11)
 0.64 
IMCVX  0.65  0.03  0.01  0.17  0.63 
(0.77)
 1.84 
(1.17)
 4.55 
IMOPX  0.94  0.16  0.14  0.28  0.80 
(1.18)
 2.57 
(1.68)
 5.69 
IMORX  0.92  0.16  0.14  0.28  0.78 
(1.08)
 2.60 
(1.76)
 5.77 
IMOWX  0.93  0.17  0.15  0.29  0.81 
(1.07)
 2.60 
(1.85)
 5.83 

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