Jpmorgan Preferred Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Preferred And
JPDAX Fund  USD 9.75  0.01  0.10%   
The current 90-days correlation between Jpmorgan Preferred And and Jpmorgan Smartretirement 2035 is -0.02 (i.e., Good diversification). The correlation of Jpmorgan Preferred 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 Preferred Correlation With Market

Good diversification

The correlation between Jpmorgan Preferred And and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Preferred And 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 Preferred And. 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

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.97OSGCX Jpmorgan Small CapPairCorr
  0.96OSGIX Jpmorgan Mid CapPairCorr
  0.64JPBRX Jpmorgan SmartretirementPairCorr
  1.0JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67JPHSX Jpmorgan Floating RatePairCorr
  0.69JPHRX Jpmorgan Floating RatePairCorr
  0.99OSTSX Jpmorgan Short InterPairCorr
  0.63OBBCX Jpmorgan MortgagePairCorr
  0.66JPICX Jpmorgan California TaxPairCorr
  0.72OBDCX Jpmorgan E PlusPairCorr
  0.64JPPEX Jpmorgan Mid CapPairCorr
  0.98JPRRX Jpmorgan SmartretirementPairCorr
  0.64JPTBX Jpmorgan Smartretirement*PairCorr
  0.64JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.64JPSRX Jpmorgan Smartretirement*PairCorr
  0.66JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.64JPYRX Jpmorgan Smartretirement*PairCorr
  0.97EMREX Jpmorgan Trust IvPairCorr

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 Preferred 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 Preferred'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  0.03  0.28  0.28 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.42  0.16  0.03 (3.00) 0.25 
(0.47)
 1.28 
(0.94)
 2.86 
SRJPX  0.41  0.16  0.03 (2.99) 0.28 
(0.47)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.03  0.28  0.28 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.16  0.03 (2.80) 0.28 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.41  0.08  0.03  0.27  0.28 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.42  0.16  0.02 (2.83) 0.28 
(0.47)
 1.31 
(0.96)
 2.94 
SRJAX  0.41  0.16  0.03 (2.79) 0.29 
(0.47)
 1.29 
(0.95)
 2.89 
OSGCX  0.92  0.28  0.09 (1.25) 0.82 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.35  0.18 (1.54) 0.69 
(1.02)
 2.50 
(1.28)
 5.86 

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