Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JATUX Fund  USD 28.20  0.01  0.04%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.99 (i.e., No risk reduction). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Almost no diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 employment.

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
  0.99OSGIX Jpmorgan Mid CapPairCorr
  0.74JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDAX Jpmorgan Preferred AndPairCorr
  0.73JPDCX Jpmorgan Preferred AndPairCorr
  0.73JPDIX Jpmorgan Preferred AndPairCorr
  0.74JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.71OSTAX Jpmorgan Short InterPairCorr
  0.66OSVCX Jpmorgan Small CapPairCorr
  0.75JPHSX Jpmorgan Floating RatePairCorr
  0.78JPHRX Jpmorgan Floating RatePairCorr
  0.71OSTSX Jpmorgan Short InterPairCorr
  0.78JPICX Jpmorgan California TaxPairCorr
  0.64OBDCX Jpmorgan E PlusPairCorr
  0.71JPPEX Jpmorgan Mid CapPairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.74JPTBX Jpmorgan Smartretirement*PairCorr
  0.74JPTKX Jpmorgan Smartretirement*PairCorr
  0.74JPSRX Jpmorgan Smartretirement*PairCorr
  0.77JPVRX Jpmorgan InternationalPairCorr
  0.97JPVZX Jpmorgan InternationalPairCorr
  0.74JPYRX Jpmorgan Smartretirement*PairCorr
  0.71EMREX Jpmorgan Trust IvPairCorr
  0.71EMRSX Jpmorgan Emerging MarketsPairCorr

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 Smartretirement 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 Smartretirement'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  0.08  0.04  0.28  0.25 
(0.47)
 1.28 
(0.94)
 2.86 
SRJPX  0.41  0.08  0.04  0.27  0.28 
(0.47)
 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  0.08  0.04  0.28  0.28 
(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  0.42  0.08  0.03  0.27  0.28 
(0.47)
 1.31 
(0.96)
 2.94 
SRJAX  0.41  0.08  0.04  0.28  0.29 
(0.47)
 1.29 
(0.95)
 2.89 
OSGCX  0.92  0.11  0.10  0.22  0.82 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.19  0.19  0.32  0.69 
(1.02)
 2.50 
(1.28)
 5.86 

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