Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHTRX Fund  USD 19.90  0.02  0.10%   
The current 90-days correlation between Jpmorgan Hedged Equity and Jpmorgan Smartretirement 2035 is 0.87 (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 0.83 (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
  0.98SRJQX 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
  0.98OSGCX Jpmorgan Small CapPairCorr
  0.97OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX 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
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.73JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.8OSTCX Jpmorgan Short DurationPairCorr
  0.61JPIVX Jpmorgan Intrepid ValuePairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.74JPHSX Jpmorgan Floating RatePairCorr
  0.76JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.85JPICX 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
  0.94JPVRX Jpmorgan InternationalPairCorr
  0.94JPVZX Jpmorgan InternationalPairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMREX Jpmorgan Trust IvPairCorr
  0.98EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.42  0.08  0.04  0.28  0.27 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.42  0.18  0.06 (2.88) 0.24 
(0.48)
 1.28 
(0.94)
 2.86 
SRJPX  0.42  0.17  0.06 (2.88) 0.27 
(0.48)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.04  0.28  0.27 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.18  0.06 (2.72) 0.27 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.42  0.08  0.04  0.27  0.27 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.43  0.17  0.05 (2.74) 0.26 
(0.48)
 1.31 
(0.96)
 2.94 
SRJAX  0.42  0.18  0.06 (2.72) 0.28 
(0.48)
 1.29 
(0.95)
 2.89 
OSGCX  0.93  0.31  0.12 (1.32) 0.81 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.36  0.19 (1.53) 0.69 
(1.03)
 2.50 
(1.28)
 5.86 

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