Jpmorgan Preferred Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Preferred And
JPDCX Fund   9.74  0.01  0.10%   
The current 90-days correlation between Jpmorgan Preferred And and Jpmorgan Smartretirement 2035 is 0.43 (i.e., Very weak 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

Very weak diversification

The correlation between Jpmorgan Preferred And and DJI is 0.41 (i.e., Very weak 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.97SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.96OSGCX Jpmorgan Small CapPairCorr
  0.96OSGIX Jpmorgan Mid CapPairCorr
  0.97JPBRX Jpmorgan SmartretirementPairCorr
  0.99JPDAX Jpmorgan Preferred AndPairCorr
  0.99JPDIX Jpmorgan Preferred AndPairCorr
  0.99JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.65JPHAX Jpmorgan Floating RatePairCorr
  0.98OSTAX Jpmorgan Short InterPairCorr
  0.88OSTCX Jpmorgan Short DurationPairCorr
  0.95OSVCX Jpmorgan Small CapPairCorr
  0.66JPHSX Jpmorgan Floating RatePairCorr
  0.68JPHRX Jpmorgan Floating RatePairCorr
  0.99OSTSX Jpmorgan Short InterPairCorr
  0.66OBBCX Jpmorgan MortgagePairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.76OBDCX Jpmorgan E PlusPairCorr
  0.95JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.97JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan SmartretirementPairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.95JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.62OBOCX Jpmorgan E BondPairCorr
  0.97JPYRX Jpmorgan Smartretirement*PairCorr
  0.97EMREX 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 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  0.04  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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