JPMorgan Inflation Correlations

JCPI Etf

USD 48.00 0.24 0.50%

The current 90-days correlation between JPMorgan Inflation and Dimensional ETF Trust is 0.88 (i.e., Very poor diversification). The correlation of JPMorgan Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between JPMorgan Inflation Managed and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Inflation Managed 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 Inflation Managed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with JPMorgan Etf

0.76	TIP	iShares TIPS Bond	Pair Corr
0.75	SPIP	SPDR Portfolio TIPS	Pair Corr
0.98	TDTF	FlexShares iBoxx 5	Pair Corr
0.98	DFIP	Dimensional ETF Trust	Pair Corr
0.95	TIPZ	PIMCO Broad TIPS	Pair Corr
0.76	TIPSX	DEUTSCHE GLOBAL INFLATION	Pair Corr
0.66	BND	Vanguard Total Bond	Pair Corr
0.65	MBB	iShares MBS ETF	Pair Corr
0.77	TYA	Simplify Exchange Traded	Pair Corr
0.72	GBF	IShares GovernmentCredit	Pair Corr
0.77	IBIG	iShares Trust	Pair Corr
0.63	VCIT	Vanguard Intermediate	Pair Corr
0.68	XTWO	Bondbloxx ETF Trust	Pair Corr
0.71	SLQD	iShares 0 5	Pair Corr
0.65	IBTP	iShares iBonds Dec	Pair Corr
0.73	SCHJ	Schwab 1 5	Pair Corr

Moving against JPMorgan Etf

0.5	VUG	Vanguard Growth Index	Pair Corr
0.46	VTI	Vanguard Total Stock	Pair Corr
0.46	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.45	IVV	iShares Core SP	Pair Corr
0.4	VO	Vanguard Mid Cap	Pair Corr
0.33	VTV	Vanguard Value Index	Pair Corr
0.47	VB	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.82	0.17	-0.31	-0.66	0.93	0.93	0.84	0.5	0.15	META
MSFT	0.82		0.07	-0.04	-0.68	0.86	0.92	0.8	0.48	0.04	MSFT
UBER	0.17	0.07		-0.2	0.24	-0.07	-0.01	0.36	-0.33	0.08	UBER
F	-0.31	-0.04	-0.2		0.33	-0.16	-0.17	-0.3	0.34	0.53	F
T	-0.66	-0.68	0.24	0.33		-0.78	-0.79	-0.63	-0.39	0.33	T
A	0.93	0.86	-0.07	-0.16	-0.78		0.97	0.8	0.64	0.15	A
CRM	0.93	0.92	-0.01	-0.17	-0.79	0.97		0.86	0.54	0.07	CRM
JPM	0.84	0.8	0.36	-0.3	-0.63	0.8	0.86		0.22	0.04	JPM
MRK	0.5	0.48	-0.33	0.34	-0.39	0.64	0.54	0.22		0.4	MRK
XOM	0.15	0.04	0.08	0.53	0.33	0.15	0.07	0.04	0.4		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.97	A
A	+ 0.93	META
CRM	+ 0.93	META
CRM	+ 0.92	MSFT
A	+ 0.86	MSFT
JPM	+ 0.86	CRM

High negative correlations

CRM	- 0.79	T
A	- 0.78	T
T	- 0.68	MSFT
T	- 0.66	META
JPM	- 0.63	T
MRK	- 0.39	T

JPMorgan Inflation Competition Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Inflation 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 Inflation'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
META	2.19	(0.24)	0.00	5.35	0.00	0.00	3.22	(4.67)	21.50
MSFT	1.41	(0.14)	0.00	1.73	0.00	0.00	2.91	(3.34)	13.79
UBER	2.34	0.48	0.14	0.24	2.87	(2.39)	5.87	(4.21)	16.03
F	1.91	(0.03)	0.06	(0.06)	2.66	(1.94)	3.19	(3.88)	13.11
T	1.18	0.21	0.15	(1.98)	2.28	(1.15)	1.97	(3.02)	9.07
A	1.63	(0.53)	0.00	1.79	0.00	0.00	2.80	(5.45)	14.45
CRM	1.83	(0.36)	0.00	(25.63)	0.00	0.00	3.02	(4.51)	13.13
JPM	1.55	0.07	0.00	(0.08)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.48	(0.22)	0.00	0.83	0.00	0.00	2.43	(4.81)	10.07
XOM	1.43	(0.04)	0.00	1.25	0.00	0.00	2.80	(3.21)	10.54

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