Jpmorgan Smartretirement Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement Blend
JOBRX Fund  USD 33.84  0.09  0.27%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2050 is 0.99 (i.e., No risk reduction). 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 0.89 (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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.98OSGCX Jpmorgan Small CapPairCorr
  0.98OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDAX Jpmorgan Preferred AndPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  0.98JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.73JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.8OSTCX Jpmorgan Short DurationPairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.74JPHSX Jpmorgan Floating RatePairCorr
  0.76JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.65OBDCX Jpmorgan E PlusPairCorr
  0.99JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPVRX Jpmorgan InternationalPairCorr
  0.97JPVZX Jpmorgan InternationalPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMREX Jpmorgan Trust IvPairCorr

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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