Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHDAX Fund  USD 19.76  0.02  0.10%   
The current 90-days correlation between Jpmorgan Hedged Equity and Stone Ridge Diversified is 0.13 (i.e., Average diversification). The correlation of Jpmorgan Hedged 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 Hedged Correlation With Market

Good diversification

The correlation between Jpmorgan Hedged Equity and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Hedged Equity 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 Hedged Equity. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.93SRJZX Jpmorgan SmartretirementPairCorr
  0.93SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.95OSGCX Jpmorgan Small CapPairCorr
  0.82OSGIX Jpmorgan Mid CapPairCorr
  0.95JPBRX Jpmorgan Smartretirement*PairCorr
  0.94JPDAX Jpmorgan Preferred AndPairCorr
  0.94JPDCX Jpmorgan Preferred AndPairCorr
  0.95JPDIX Jpmorgan Preferred AndPairCorr
  0.94JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.94JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.88JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.63OSTAX Jpmorgan Short-intermediaPairCorr
  0.9OSTCX Jpmorgan Short DurationPairCorr
  0.83OSVCX Jpmorgan Small CapPairCorr
  0.91JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.61OSTSX Jpmorgan Short-intermediaPairCorr
  0.93JPICX Jpmorgan California TaxPairCorr
  0.87OBDCX Jpmorgan E PlusPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.94JPTBX Jpmorgan Smartretirement*PairCorr
  0.95JPTKX Jpmorgan Smartretirement*PairCorr
  0.95JPTLX Jpmorgan Smartretirement*PairCorr
  0.95JPSRX Jpmorgan Smartretirement*PairCorr
  0.72JPVRX Jpmorgan InternationalPairCorr
  0.84OBOCX Jpmorgan E BondPairCorr
  0.95JPYRX Jpmorgan Smartretirement*PairCorr
  0.94EMREX Jpmorgan Trust IvPairCorr
  0.94EMRSX Jpmorgan Emerging MarketsPairCorr
  0.87PGBOX Jpmorgan E BondPairCorr
  0.92OCGCX Jpmorgan InvestorPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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