Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTBX Fund  USD 36.15  0.02  0.06%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement 2035 is -0.1 (i.e., Good diversification). 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

Good diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is -0.09 (i.e., Good 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 bureau of labor statistics.

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
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.99OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  0.98JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.75JPHAX Jpmorgan Floating RatePairCorr
  0.69JPHCX Jpmorgan Floating RatePairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.81OSTCX Jpmorgan Short DurationPairCorr
  0.66JPIVX Jpmorgan Intrepid ValuePairCorr
  0.93OSVCX Jpmorgan Small CapPairCorr
  0.75JPHSX Jpmorgan Floating RatePairCorr
  0.78JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.67OBDCX Jpmorgan E PlusPairCorr
  0.97JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.96JPVRX Jpmorgan InternationalPairCorr
  0.96JPVZX Jpmorgan InternationalPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.98EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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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  0.42  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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