Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHDRX Fund  USD 19.04  0.02  0.11%   
The current 90-days correlation between Jpmorgan Hedged Equity and Prudential Financial Services is 0.65 (i.e., Poor 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

Poor diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.66 (i.e., Poor 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.78SRJQX Jpmorgan SmartretirementPairCorr
  0.72SRJPX Jpmorgan SmartretirementPairCorr
  0.72SRJSX Jpmorgan SmartretirementPairCorr
  0.72SRJYX Jpmorgan SmartretirementPairCorr
  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.72SRJCX Jpmorgan SmartretirementPairCorr
  0.72SRJAX Jpmorgan SmartretirementPairCorr
  0.71OSGCX Jpmorgan Small CapPairCorr
  0.7OSGIX Jpmorgan Mid CapPairCorr
  0.97JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.97JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.7JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7JPHAX Jpmorgan Floating RatePairCorr
  0.65JPHCX Jpmorgan Floating RatePairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.81OSTCX Jpmorgan Short DurationPairCorr
  0.71OSVCX Jpmorgan Small CapPairCorr
  0.71JPHSX Jpmorgan Floating RatePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.83JPICX Jpmorgan California TaxPairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.97JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan SmartretirementPairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.94JPVRX Jpmorgan InternationalPairCorr
  0.93JPVZX Jpmorgan InternationalPairCorr
  0.97JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMREX Jpmorgan Trust IvPairCorr
  0.97EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

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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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