Jpmorgan Floating Correlations

Mutual Funds USA . 
Fund . Jpmorgan Floating Rate
JPHSX Fund  USD 7.91  0.10  1.25%   
The current 90-days correlation between Jpmorgan Floating Rate and Ridgeworth Seix Government is -0.01 (i.e., Good 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

Weak diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.38 (i.e., Weak 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

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.83SRJQX Jpmorgan SmartretirementPairCorr
  0.83SRJPX Jpmorgan SmartretirementPairCorr
  0.83SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.8SRJAX Jpmorgan SmartretirementPairCorr
  0.78OSGCX Jpmorgan Small CapPairCorr
  0.84JPBRX Jpmorgan Smartretirement*PairCorr
  0.84JPDAX Jpmorgan Preferred AndPairCorr
  0.85JPDCX Jpmorgan Preferred AndPairCorr
  0.83JPDIX Jpmorgan Preferred AndPairCorr
  0.84JPDRX Jpmorgan Preferred AndPairCorr
  0.8JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.98JPHAX Jpmorgan Floating RatePairCorr
  0.98JPHCX Jpmorgan Floating RatePairCorr
  0.73OSTCX Jpmorgan Short DurationPairCorr
  0.7OSVCX Jpmorgan Small CapPairCorr
  0.99JPHRX Jpmorgan Floating RatePairCorr
  0.81JPICX Jpmorgan California TaxPairCorr
  0.7OBDCX Jpmorgan E PlusPairCorr
  0.84JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPTLX Jpmorgan Smartretirement*PairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.67OBOCX Jpmorgan E BondPairCorr
  0.84JPYRX Jpmorgan Smartretirement*PairCorr
  0.83EMREX Jpmorgan Trust IvPairCorr
  0.84EMRSX Jpmorgan Emerging MarketsPairCorr
  0.69PGBOX Jpmorgan E BondPairCorr
  0.79OCGCX Jpmorgan InvestorPairCorr

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.

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