Jpmorgan Diversified Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Diversified Fund
JPDVX Fund  USD 16.44  0.07  0.43%   
The current 90-days correlation between Jpmorgan Diversified and Jpmorgan Smartretirement 2035 is -0.13 (i.e., Good diversification). The correlation of Jpmorgan Diversified 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 Diversified Correlation With Market

Good diversification

The correlation between Jpmorgan Diversified Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Diversified Fund 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 Diversified Fund. 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 real.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.99OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.83OSTCX Jpmorgan Short DurationPairCorr
  0.94OSVCX Jpmorgan Small CapPairCorr
  0.89JPICX Jpmorgan California TaxPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.99EMRSX Jpmorgan Emerging MarketsPairCorr
  0.64PGBOX Jpmorgan E BondPairCorr
  0.99JRBYX Jpmorgan SmartretirementPairCorr
  0.98JRJKX Jpmorgan High YieldPairCorr
  0.98JAAYX Jpmorgan SmartretirementPairCorr
  1.0JAABX Jpmorgan SmartretirementPairCorr
  0.93ODMCX Jpmorgan Intrepid MidPairCorr
  0.98JACSX Jpmorgan SmartretirementPairCorr
  0.98JAKCX Jpmorgan SmartretirementPairCorr
  1.0JAKPX Jpmorgan SmartretirementPairCorr
  0.98JSASX Jpmorgan SmartretirementPairCorr
  0.98JSAYX Jpmorgan SmartretirementPairCorr
  0.96JAMCX Jpmorgan Mid CapPairCorr
  0.98JSACX Jpmorgan SmartretirementPairCorr
  1.0JSAIX Jpmorgan SmartretirementPairCorr
  0.91JSDHX Jpmorgan Short DurationPairCorr

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 Diversified 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 Diversified'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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