Jpmorgan Intermediate Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intermediate Tax
JITIX Fund  USD 9.69  0.01  0.10%   
The current 90-days correlation between Jpmorgan Intermediate Tax and Jpmorgan Smartretirement 2035 is -0.01 (i.e., Good diversification). The correlation of Jpmorgan Intermediate 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 Intermediate Correlation With Market

Good diversification

The correlation between Jpmorgan Intermediate Tax and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intermediate Tax 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 Intermediate Tax. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.89SRJQX Jpmorgan SmartretirementPairCorr
  0.89SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.89SRJCX Jpmorgan SmartretirementPairCorr
  0.89SRJAX Jpmorgan SmartretirementPairCorr
  0.88JPDAX Jpmorgan Preferred AndPairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPIVX Jpmorgan Intrepid ValuePairCorr
  0.69JPHSX Jpmorgan Floating RatePairCorr
  0.71JPHRX Jpmorgan Floating RatePairCorr
  0.76JPICX Jpmorgan California TaxPairCorr
  0.76OBDCX Jpmorgan E PlusPairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.89JPTLX Jpmorgan SmartretirementPairCorr
  0.86JPVZX Jpmorgan InternationalPairCorr
  0.96TXRRX Jpmorgan Tax AwarePairCorr

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 Intermediate 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 Intermediate'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  0.90  0.38  0.19 (1.51) 0.59 
(1.07)
 2.49 
(1.59)
 6.40 
OSGIX  0.85  0.43  0.33 (2.11) 0.24 
(1.06)
 2.50 
(1.05)
 5.86 

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