Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTKX Fund  USD 31.41  0.15  0.48%   
The current 90-days correlation between Jpmorgan Smartretirement and Ab Global Bond is -0.06 (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

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 industry.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.97JPDVX Jpmorgan DiversifiedPairCorr
  1.0JSMIX Jpmorgan SmartretirementPairCorr
  1.0JBSSX Jpmorgan SmartretirementPairCorr
  1.0JTSQX Jp Morgan SmartretirementPairCorr
  0.97JYHRX Jpmorgan High YieldPairCorr
  0.98JLVMX Jpmorgan Large CapPairCorr
  1.0VTTHX Vanguard Target RetiPairCorr
  0.98AAFTX American Funds 2035PairCorr
  1.0FAQTX American Funds 2035PairCorr
  0.98CCFTX American Funds 2035PairCorr
  1.0FFTHX Fidelity Freedom 2035PairCorr
  1.0FWTKX Fidelity Freedom 2035PairCorr
  1.0FSNUX Fidelity Freedom 2035PairCorr
  1.0TRFJX T Rowe PricePairCorr
  1.0FNIPX Fidelity Freedom IndexPairCorr
  0.94SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.99ONERX One Rock FundPairCorr
  0.96TTEEX T Rowe PricePairCorr
  0.97TREMX T Rowe PricePairCorr
  0.97RMQAX Monthly RebalancePairCorr
  0.99RMQHX Monthly RebalancePairCorr
  0.99RMQCX Monthly RebalancePairCorr
  0.97FELIX Fidelity Advisor SemPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.83PTY Pimco Corporate IncomePairCorr
  0.97QTERX Aqr Tm EmergingPairCorr
  1.0WGAYX Wells Fargo SpectrumPairCorr
  0.86AAAPX Deutsche Real AssetsPairCorr
  0.99OPTIX Oppenheimer CapitalPairCorr
  0.95FTVNX Fuller Thaler BehavioralPairCorr
  0.73SCCPX Sterling Capital PoratePairCorr

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.

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