Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPRRX Fund  USD 29.54  0.07  0.24%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Almost no diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.89OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.8JPDIX Jpmorgan Preferred AndPairCorr
  0.8JPDRX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.93JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.96JPIVX Jpmorgan Intrepid ValuePairCorr
  0.93JPHRX Jpmorgan Floating RatePairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.82EMRSX Jpmorgan Emerging MarketsPairCorr
  0.75TXRIX Jpmorgan Tax AwarePairCorr
  1.0JRBYX Jpmorgan Smartretirement*PairCorr
  1.0JRBBX Jpmorgan Smartretirement*PairCorr
  1.0JAKZX Jpmorgan SmartretirementPairCorr
  1.0JSAIX Jpmorgan SmartretirementPairCorr
  0.9JSCSX Jpmorgan Small PanyPairCorr
  0.92JSEPX Jpmorgan Small CapPairCorr
  1.0JATQX Jpmorgan SmartretirementPairCorr
  1.0JSMCX Jpmorgan SmartretirementPairCorr
  0.91JSVRX Jpmorgan Small CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.45JSORX Jpmorgan Strategic IncomePairCorr
  0.45JSOZX Jpmorgan Strategic IncomePairCorr
  0.44JSDSX Jpmorgan Short DurationPairCorr
  0.44JSOSX Jpmorgan Strategic IncomePairCorr
  0.39JSOAX Jpmorgan Strategic IncomePairCorr
  0.36JSOCX Jpmorgan Strategic IncomePairCorr

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 Smartretirement 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 Smartretirement'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  0.74  0.06  0.00 (0.04) 0.00 
 0.00 
 1.37 
(1.59)
 7.79 
SRJQX  0.75  0.06  0.00 (0.04) 0.00 
 0.00 
 1.37 
(1.64)
 7.80 
SRJPX  0.75  0.06  0.00 (0.04) 0.00 
 0.00 
 1.35 
(1.66)
 7.76 
SRJSX  0.75  0.06  0.00 (0.04) 0.00 
 0.00 
 1.32 
(1.64)
 7.80 
SRJYX  0.74  0.06  0.00 (0.04) 0.00 
 0.00 
 1.34 
(1.59)
 7.79 
SRJZX  0.75  0.06  0.00 (0.04) 0.00 
 0.00 
 1.34 
(1.61)
 7.76 
SRJCX  0.75  0.05  0.00 (0.05) 0.00 
 0.00 
 1.30 
(1.63)
 7.77 
SRJAX  0.75  0.05  0.00 (0.04) 0.00 
 0.00 
 1.36 
(1.60)
 7.76 
OSGCX  1.64 (0.09) 0.00 (0.19) 0.00 
 0.00 
 2.58 
(3.84)
 15.01 
OSGIX  1.65  0.01  0.00 (0.12) 0.00 
 0.00 
 2.85 
(3.92)
 14.36 

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