Jpmorgan Emerging Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Emerging Markets
JEMVX Fund  USD 6.33  0.02  0.32%   
The current 90-days correlation between Jpmorgan Emerging Markets and Jpmorgan Smartretirement 2035 is 0.53 (i.e., Very weak 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

Very weak diversification

The correlation between Jpmorgan Emerging Markets and DJI is 0.4 (i.e., Very weak 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 real.

Moving together with Jpmorgan Mutual Fund

  0.96SRJIX Jpmorgan SmartretirementPairCorr
  0.96SRJQX Jpmorgan SmartretirementPairCorr
  0.96SRJPX Jpmorgan SmartretirementPairCorr
  0.96SRJSX Jpmorgan SmartretirementPairCorr
  0.96SRJYX Jpmorgan SmartretirementPairCorr
  0.96SRJZX Jpmorgan SmartretirementPairCorr
  0.96SRJCX Jpmorgan SmartretirementPairCorr
  0.96SRJAX Jpmorgan SmartretirementPairCorr
  0.95OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDAX Jpmorgan Preferred AndPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  0.98JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.94JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.62JPHAX Jpmorgan Floating RatePairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.91OSTCX Jpmorgan Short DurationPairCorr
  0.95OSVCX Jpmorgan Small CapPairCorr
  0.63JPHSX Jpmorgan Floating RatePairCorr
  0.66JPHRX Jpmorgan Floating RatePairCorr
  0.98OSTSX Jpmorgan Short InterPairCorr
  0.72OBBCX Jpmorgan MortgagePairCorr
  0.86JPICX Jpmorgan California TaxPairCorr
  0.8OBDCX Jpmorgan E PlusPairCorr
  0.93JPPEX Jpmorgan Mid CapPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.95JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.92JPVRX Jpmorgan InternationalPairCorr
  0.91JPVZX Jpmorgan InternationalPairCorr
  0.71OBOCX Jpmorgan E BondPairCorr
  0.96JPYRX Jpmorgan Smartretirement*PairCorr
  0.95EMREX Jpmorgan Trust IvPairCorr

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 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.
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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