Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JIBBX Fund  USD 19.29  0.01  0.05%   
The current 90-days correlation between Jpmorgan Smartretirement* and American Funds Retirement is 0.96 (i.e., Almost no diversification). The correlation of Jpmorgan Smartretirement* 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 Smartretirement* Correlation With Market

Very poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  0.74SRJQX Jpmorgan SmartretirementPairCorr
  0.67SRJPX Jpmorgan SmartretirementPairCorr
  0.67SRJSX Jpmorgan SmartretirementPairCorr
  0.66SRJYX Jpmorgan SmartretirementPairCorr
  0.67SRJZX Jpmorgan SmartretirementPairCorr
  0.67SRJCX Jpmorgan SmartretirementPairCorr
  0.67SRJAX Jpmorgan SmartretirementPairCorr
  0.65OSGCX Jpmorgan Small CapPairCorr
  0.64OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.64JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7JPHAX Jpmorgan Floating RatePairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.86OSTCX Jpmorgan Short DurationPairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.89JPICX Jpmorgan California TaxPairCorr
  0.98JPPEX Jpmorgan Mid CapPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.96JPVRX Jpmorgan InternationalPairCorr
  0.62OBOCX Jpmorgan E BondPairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMRSX Jpmorgan Emerging MarketsPairCorr
  1.0JRBYX Jpmorgan SmartretirementPairCorr
  1.0JRBBX Jpmorgan Smartretirement*PairCorr
  1.0JRBEX Jpmorgan Smartretirement*PairCorr
  0.99JRJKX Jpmorgan High YieldPairCorr
  0.99JAAYX Jpmorgan SmartretirementPairCorr
  0.98JAABX Jpmorgan SmartretirementPairCorr
  0.62ODMCX Jpmorgan Intrepid MidPairCorr
  0.99JACSX Jpmorgan SmartretirementPairCorr
  0.99JAKYX Jpmorgan SmartretirementPairCorr
  0.98JAKAX Jpmorgan SmartretirementPairCorr
  0.99JAKCX Jpmorgan SmartretirementPairCorr
  0.98JAKPX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Smartretirement* 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 Smartretirement*'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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