JPMorgan Active Correlations

JAVA Etf

USD 72.22 0.55 0.77%

The current 90-days correlation between JPMorgan Active Value and Capital Group International is 0.75 (i.e., Poor diversification). The correlation of JPMorgan Active 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.

JPMorgan Active Correlation With Market

Almost no diversification

The correlation between JPMorgan Active Value 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 Active Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JPMorgan Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Active Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with JPMorgan Etf

0.96	VTV	Vanguard Value Index	Pair Corr
0.95	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.96	DGRO	iShares Core Dividend	Pair Corr
0.95	IVE	iShares SP 500	Pair Corr
0.95	SPYV	SPDR Portfolio SP	Pair Corr
0.96	IUSV	iShares Core SP	Pair Corr
0.84	NOBL	ProShares SP 500	Pair Corr
0.99	FNDX	Schwab Fundamental Large	Pair Corr
0.95	VLUE	iShares MSCI USA	Pair Corr
0.83	ITDD	iShares Trust	Pair Corr
0.72	AMPD	Tidal ETF Services	Pair Corr
0.92	CPST	Calamos ETF Trust	Pair Corr
0.75	ITWO	Proshares Russell 2000	Pair Corr
0.82	WMT	Walmart Common Stock	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.83	AXP	American Express	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.7	IBM	International Business	Pair Corr

Moving against JPMorgan Etf

0.57	MSFT	Microsoft Aggressive Push	Pair Corr
0.41	CVX	Chevron Corp	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CGXU	DFLV	PVAL	JHMM	FENI	VMIAX	BBEU	DXJ	IHI	SLYV
CGXU		0.27	0.19	0.42	0.67	0.1	0.56	0.19	0.07	0.37	CGXU
DFLV	0.27		0.94	0.88	0.86	0.44	0.87	0.82	0.65	0.93	DFLV
PVAL	0.19	0.94		0.73	0.78	0.18	0.82	0.94	0.78	0.82	PVAL
JHMM	0.42	0.88	0.73		0.82	0.68	0.78	0.54	0.42	0.97	JHMM
FENI	0.67	0.86	0.78	0.82		0.38	0.95	0.69	0.48	0.85	FENI
VMIAX	0.1	0.44	0.18	0.68	0.38		0.39	-0.06	-0.08	0.6	VMIAX
BBEU	0.56	0.87	0.82	0.78	0.95	0.39		0.73	0.55	0.83	BBEU
DXJ	0.19	0.82	0.94	0.54	0.69	-0.06	0.73		0.81	0.65	DXJ
IHI	0.07	0.65	0.78	0.42	0.48	-0.08	0.55	0.81		0.51	IHI
SLYV	0.37	0.93	0.82	0.97	0.85	0.6	0.83	0.65	0.51		SLYV
	CGXU	DFLV	PVAL	JHMM	FENI	VMIAX	BBEU	DXJ	IHI	SLYV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SLYV	+ 0.97	JHMM
BBEU	+ 0.95	FENI
PVAL	+ 0.94	DFLV
DXJ	+ 0.94	PVAL
SLYV	+ 0.93	DFLV
JHMM	+ 0.88	DFLV

High negative correlations

IHI	- 0.08	VMIAX
DXJ	- 0.06	VMIAX

JPMorgan Active Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Active ETF 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 Active'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
CGXU	0.79	(0.03)	(0.02)	0.03	1.17	(0.73)	1.50	(1.98)	4.52
DFLV	0.56	0.01	0.01	0.07	0.64	(0.56)	1.14	(1.10)	3.34
PVAL	0.52	0.05	0.05	0.11	0.54	(0.55)	1.18	(1.12)	2.58
JHMM	0.69	(0.03)	(0.03)	0.03	0.93	(0.66)	1.55	(1.45)	3.67
FENI	0.56	0.00	(0.01)	0.06	0.69	(0.55)	0.99	(1.16)	3.07
VMIAX	0.80	(0.05)	(0.06)	0.00	0.86	(0.89)	1.85	(1.62)	3.69
BBEU	0.61	0.04	0.03	0.10	0.56	(0.66)	1.18	(1.03)	2.44
DXJ	0.74	0.11	0.09	0.19	0.93	(0.76)	1.67	(1.21)	7.08
IHI	0.74	0.01	(0.01)	0.07	0.79	(0.77)	1.37	(1.26)	4.57
SLYV	0.91	(0.03)	(0.01)	0.03	1.14	(1.00)	2.23	(2.01)	4.78

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