Jpmorgan Emerging Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Emerging Markets
JEMSX Fund  USD 35.69  0.12  0.34%   
The current 90-days correlation between Jpmorgan Emerging Markets and Jpmorgan International Value is -0.18 (i.e., Good diversification). The correlation of Jpmorgan Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Jpmorgan Emerging Markets and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Emerging Markets 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 Emerging Markets. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.63SRJQX Jpmorgan SmartretirementPairCorr
  0.63SRJPX Jpmorgan SmartretirementPairCorr
  0.63SRJYX Jpmorgan SmartretirementPairCorr
  0.62SRJCX Jpmorgan SmartretirementPairCorr
  0.63SRJAX Jpmorgan SmartretirementPairCorr
  0.64OSGCX Jpmorgan Small CapPairCorr
  0.62OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.63JPDAX Jpmorgan Preferred AndPairCorr
  0.84JPDCX Jpmorgan Preferred AndPairCorr
  0.84JPDIX Jpmorgan Preferred AndPairCorr
  0.84JPDRX Jpmorgan Preferred AndPairCorr
  0.63JPDVX Jpmorgan DiversifiedPairCorr
  0.62JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.82OSTAX Jpmorgan Short InterPairCorr
  0.61OSTCX Jpmorgan Short DurationPairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.93OSTSX Jpmorgan Short InterPairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.97JPPEX Jpmorgan Mid CapPairCorr
  0.62JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.62JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.93JPVRX Jpmorgan InternationalPairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr
  0.86EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Emerging 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 Emerging'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.

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