Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHEQX Fund  USD 33.55  0.01  0.03%   
The current 90-days correlation between Jpmorgan Hedged Equity and Jpmorgan Equity Income is 0.82 (i.e., Very 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

Very poor diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.86 (i.e., Very 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.97OSGCX Jpmorgan Small CapPairCorr
  0.98OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.96JPDAX Jpmorgan Preferred AndPairCorr
  0.96JPDCX Jpmorgan Preferred AndPairCorr
  0.96JPDIX Jpmorgan Preferred AndPairCorr
  0.96JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.74JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.95OSTAX Jpmorgan Short InterPairCorr
  0.77OSTCX Jpmorgan Short DurationPairCorr
  0.66JPIVX Jpmorgan Intrepid ValuePairCorr
  0.94OSVCX Jpmorgan Small CapPairCorr
  0.75JPHSX Jpmorgan Floating RatePairCorr
  0.77JPHRX Jpmorgan Floating RatePairCorr
  0.95OSTSX Jpmorgan Short InterPairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.98JPPEX Jpmorgan Mid CapPairCorr
  0.98JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.95JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.98JPYRX 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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