Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHTAX Fund  USD 19.84  0.02  0.10%   
The current 90-days correlation between Jpmorgan Hedged Equity and Elfun Diversified Fund is 0.74 (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

Very poor diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.81 (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 nation.

Moving together with Jpmorgan Mutual Fund

  0.77SRJIX 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
  0.98OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.97JPDRX Jpmorgan Preferred AndPairCorr
  0.77JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.74JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.79OSTCX Jpmorgan Short DurationPairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.75JPHSX Jpmorgan Floating RatePairCorr
  0.76JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.85JPICX 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
  0.94JPVRX Jpmorgan InternationalPairCorr
  0.94JPVZX 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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