Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHQRX Fund  USD 33.64  0.02  0.06%   
The current 90-days correlation between Jpmorgan Hedged Equity and Nuveen Preferred Securities is 0.39 (i.e., Weak 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.99OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.96JPDAX Jpmorgan Preferred AndPairCorr
  0.96JPDCX Jpmorgan Preferred AndPairCorr
  0.96JPDIX Jpmorgan Preferred AndPairCorr
  0.96JPDRX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.73JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.77OSTCX Jpmorgan Short DurationPairCorr
  0.62JPIVX 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
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.99JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan SmartretirementPairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.95JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMREX Jpmorgan Trust IvPairCorr
  0.98EMRSX 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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