Jpmorgan Floating Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Floating Rate
JPHAX Fund  USD 7.91  0.10  1.25%   
The current 90-days correlation between Jpmorgan Floating Rate and Jpmorgan Smartretirement 2035 is 0.12 (i.e., Average diversification). The correlation of Jpmorgan Floating 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Floating Rate. 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

  0.66SRJIX Jpmorgan SmartretirementPairCorr
  0.66SRJQX Jpmorgan SmartretirementPairCorr
  0.66SRJPX Jpmorgan SmartretirementPairCorr
  0.66SRJSX Jpmorgan SmartretirementPairCorr
  0.66SRJYX Jpmorgan SmartretirementPairCorr
  0.66SRJZX Jpmorgan SmartretirementPairCorr
  0.67SRJCX Jpmorgan SmartretirementPairCorr
  0.66SRJAX Jpmorgan SmartretirementPairCorr
  0.71OSGCX Jpmorgan Small CapPairCorr
  0.61OSGIX Jpmorgan Mid CapPairCorr
  0.64JPBRX Jpmorgan Smartretirement*PairCorr
  0.61JPDCX Jpmorgan Preferred AndPairCorr
  0.68JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.97JPHCX Jpmorgan Floating RatePairCorr
  0.62OSVCX Jpmorgan Small CapPairCorr
  0.98JPHSX Jpmorgan Floating RatePairCorr
  0.97JPHRX Jpmorgan Floating RatePairCorr
  0.64JPRRX Jpmorgan SmartretirementPairCorr
  0.66JPTBX Jpmorgan Smartretirement*PairCorr
  0.64JPTKX Jpmorgan Smartretirement*PairCorr
  0.64JPTLX Jpmorgan Smartretirement*PairCorr
  0.64JPSRX Jpmorgan Smartretirement*PairCorr
  0.64JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Floating 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 Floating'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  0.38  0.00 (0.03) 0.04  0.53 
(0.36)
 0.89 
(0.76)
 2.98 
SRJQX  0.38  0.00 (0.03) 0.04  0.52 
(0.37)
 0.89 
(0.76)
 2.99 
SRJPX  0.38  0.00 (0.03) 0.04  0.54 
(0.36)
 0.86 
(0.77)
 2.95 
SRJSX  0.38  0.00 (0.03) 0.04  0.53 
(0.36)
 0.89 
(0.76)
 2.94 
SRJYX  0.38  0.00 (0.03) 0.04  0.53 
(0.36)
 0.85 
(0.76)
 2.98 
SRJZX  0.38  0.00 (0.03) 0.04  0.54 
(0.36)
 0.86 
(0.77)
 2.99 
SRJCX  0.38  0.00 (0.03) 0.03  0.54 
(0.36)
 0.87 
(0.73)
 2.98 
SRJAX  0.38  0.00 (0.03) 0.04  0.54 
(0.36)
 0.86 
(0.77)
 2.97 
OSGCX  1.04  0.00  0.01  0.04  1.30 
(1.10)
 2.40 
(2.10)
 7.13 
OSGIX  0.84 (0.07) 0.00 (0.02) 0.00 
 0.00 
 1.40 
(2.27)
 4.85 

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