Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2045
JSASX Fund  USD 23.84  0.03  0.13%   
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 2045 and DJI is 0.9 (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 2045 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 2045. 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 state.

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
  0.99OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.74JPHAX Jpmorgan Floating RatePairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.79OSTCX Jpmorgan Short DurationPairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.62OSTSX Jpmorgan Short InterPairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.64OBDCX Jpmorgan E PlusPairCorr
  0.99JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  0.65JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPVRX Jpmorgan InternationalPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.61EMREX Jpmorgan Trust IvPairCorr
  0.99EMRSX Jpmorgan Emerging MarketsPairCorr
  0.63OCGCX Jpmorgan InvestorPairCorr

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  0.08  0.04  0.28  0.25 
(0.47)
 1.28 
(0.94)
 2.86 
SRJPX  0.41  0.08  0.04  0.27  0.28 
(0.47)
 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  0.08  0.04  0.28  0.28 
(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  0.42  0.08  0.03  0.27  0.28 
(0.47)
 1.31 
(0.96)
 2.94 
SRJAX  0.41  0.08  0.04  0.28  0.29 
(0.47)
 1.29 
(0.95)
 2.89 
OSGCX  0.92  0.11  0.10  0.22  0.82 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.19  0.19  0.32  0.69 
(1.02)
 2.50 
(1.28)
 5.86 

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