Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTLX Fund  USD 31.68  0.10  0.32%   
The current 90-days correlation between Jpmorgan Smartretirement* and Ep Emerging Markets is 0.75 (i.e., Poor 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 0.96 (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 bureau of economic analysis.

Moving together with JPMORGAN Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  1.0JRBEX Jpmorgan Smartretirement*PairCorr
  1.0JTSQX Jp Morgan SmartretirementPairCorr
  0.98VSCOX Jpmorgan Dynamic SmallPairCorr
  0.99JGASX Jpmorgan Growth AdvantagePairCorr
  0.98JYHRX Jpmorgan High YieldPairCorr
  0.97OLVAX Jpmorgan Large CapPairCorr
  0.97JLVRX Jpmorgan Large CapPairCorr
  1.0JMBRX Jpmorgan Smartretirement*PairCorr
  1.0VTTHX Vanguard Target RetiPairCorr
  1.0AAFTX American Funds 2035PairCorr
  1.0FAQTX American Funds 2035PairCorr
  1.0CCFTX 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
  0.84NHS Neuberger Berman HighPairCorr
  1.0NSFDX Natixis SustainablePairCorr
  0.96BAFHX Brown AdvisoryPairCorr
  0.97TRVPX Tiaa-cref Mid-capPairCorr
  0.83MSUXX Morgan Stanley InstiPairCorr
  0.94HSSCX Emerald Banking And Steady GrowthPairCorr
  0.83UASBX Short Term BondPairCorr
  0.99LCFYX Lord Abbett ConvertiblePairCorr
  0.99VAADX Virtus ConvertiblePairCorr
  0.94GCEBX Goldman Sachs CleanPairCorr
  0.98MWHIX Metropolitan West HighPairCorr
  0.99CABIX Ab Global RiskPairCorr
  0.93PFPNX Pimco Capital SecPairCorr
  0.96VYRDX Vy Columbia SmallPairCorr
  0.99RPGIX T Rowe PricePairCorr
  0.97EHSTX Eaton Vance LargePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99GSTIX Goldman Sachs StrategicPairCorr

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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