Jpmorgan Value Correlations

Mutual Funds USA . 
Fund . Jpmorgan Value Advantage
JGAQX Fund  USD 37.94  0.01  0.03%   
The current 90-days correlation between Jpmorgan Value Advantage and Jpmorgan Large Cap is 0.72 (i.e., Poor diversification). The correlation of Jpmorgan Value 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 Value Correlation With Market

Almost no diversification

The correlation between Jpmorgan Value Advantage 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 Value Advantage 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 Value Advantage. 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.97SRJZX Jpmorgan SmartretirementPairCorr
  0.97SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.98OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.94JPDAX Jpmorgan Preferred AndPairCorr
  0.94JPDCX Jpmorgan Preferred AndPairCorr
  0.93JPDIX Jpmorgan Preferred AndPairCorr
  0.93JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.95JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.78JPHAX Jpmorgan Floating RatePairCorr
  0.75JPHCX Jpmorgan Floating RatePairCorr
  0.91OSTAX Jpmorgan Short InterPairCorr
  0.74OSTCX Jpmorgan Short DurationPairCorr
  0.99OSVCX Jpmorgan Small CapPairCorr
  0.79JPHSX Jpmorgan Floating RatePairCorr
  0.81JPHRX Jpmorgan Floating RatePairCorr
  0.91OSTSX Jpmorgan Short InterPairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.62OBDCX Jpmorgan E PlusPairCorr
  0.98JPPEX Jpmorgan Mid CapPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.96JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.9JPVRX Jpmorgan InternationalPairCorr
  0.9JPVZX Jpmorgan InternationalPairCorr
  0.96JPYRX Jpmorgan Smartretirement*PairCorr
  0.95EMREX 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 Value 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 Value'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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