Jpmorgan Floating Correlations

Mutual Funds USA . 
Fund . Jpmorgan Floating Rate
JPHCX Fund  USD 8.07  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and Jpmorgan Smartretirement 2035 is 0.3 (i.e., Weak 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.

Jpmorgan Floating Correlation With Market

Modest diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Floating Rate 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 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.68SRJIX Jpmorgan SmartretirementPairCorr
  0.68SRJQX Jpmorgan SmartretirementPairCorr
  0.68SRJPX Jpmorgan SmartretirementPairCorr
  0.68SRJSX Jpmorgan SmartretirementPairCorr
  0.68SRJYX Jpmorgan SmartretirementPairCorr
  0.69SRJZX Jpmorgan SmartretirementPairCorr
  0.68SRJCX Jpmorgan SmartretirementPairCorr
  0.68SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGCX Jpmorgan Small CapPairCorr
  0.69OSGIX Jpmorgan Mid CapPairCorr
  0.67JPBRX Jpmorgan SmartretirementPairCorr
  0.61JPDAX Jpmorgan Preferred AndPairCorr
  0.66JPDVX Jpmorgan DiversifiedPairCorr
  0.69JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.95JPHAX Jpmorgan Floating RatePairCorr
  0.71OSVCX Jpmorgan Small CapPairCorr
  0.99JPHSX Jpmorgan Floating RatePairCorr
  0.95JPHRX Jpmorgan Floating RatePairCorr
  0.74JPPEX Jpmorgan Mid CapPairCorr
  0.68JPRRX Jpmorgan SmartretirementPairCorr
  0.69JPTBX Jpmorgan Smartretirement*PairCorr
  0.67JPTKX Jpmorgan Smartretirement*PairCorr
  0.67JPTLX Jpmorgan SmartretirementPairCorr
  0.67JPSRX Jpmorgan Smartretirement*PairCorr
  0.66JPVRX Jpmorgan InternationalPairCorr
  0.66JPVZX Jpmorgan InternationalPairCorr
  0.67JPYRX Jpmorgan Smartretirement*PairCorr
  0.68EMREX 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 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  0.42  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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