Jpmorgan Short Correlations

JSDHX Fund

USD 9.41 0.02 0.21%

The current 90-days correlation between Jpmorgan Short Duration and Jpmorgan Income Fund is -0.11 (i.e., Good diversification). The correlation of Jpmorgan Short 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 Short Correlation With Market

Good diversification

The correlation between Jpmorgan Short Duration and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Short Duration 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 Short Duration. 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 rate.

Moving together with Jpmorgan Mutual Fund

0.7	OSGCX	Jpmorgan Small Cap	Pair Corr
0.68	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.88	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.91	JPDCX	Jpmorgan Preferred And	Pair Corr
0.9	JPDIX	Jpmorgan Preferred And	Pair Corr
0.71	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.93	OSTAX	Jpmorgan Short Inter	Pair Corr
0.98	OSTCX	Jpmorgan Short Duration	Pair Corr
0.82	OSVCX	Jpmorgan Small Cap	Pair Corr
0.62	OSTSX	Jpmorgan Short Inter	Pair Corr
0.7	OBBCX	Jpmorgan Mortgage	Pair Corr
0.76	JPICX	Jpmorgan California Tax	Pair Corr
0.7	OBDCX	Jpmorgan E Plus	Pair Corr
0.86	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.88	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.88	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.83	JPVRX	Jpmorgan International	Pair Corr
0.83	OBOCX	Jpmorgan E Bond	Pair Corr
0.88	JPYRX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	JGIAX	OGLVX	CBRAX	OHYAX	ONIAX
JGIAX		0.57	0.93	0.64	0.56	JGIAX
OGLVX	0.57		0.66	0.86	0.92	OGLVX
CBRAX	0.93	0.66		0.61	0.72	CBRAX
OHYAX	0.64	0.86	0.61		0.7	OHYAX
ONIAX	0.56	0.92	0.72	0.7		ONIAX
	JGIAX	OGLVX	CBRAX	OHYAX	ONIAX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Short 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 Short'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JGIAX	0.11	0.03	(0.71)	3.14	0.00	(0.17)	0.24	(0.12)	0.71
OGLVX	0.08	0.01	(0.94)	(2.74)	0.00	(0.12)	0.19	(0.18)	0.37
CBRAX	0.25	0.02	(0.29)	0.36	0.16	(0.31)	0.49	(0.48)	1.35
OHYAX	0.13	0.05	(0.36)	1.82	0.00	(0.22)	0.32	(0.16)	0.96
ONIAX	0.24	0.02	(0.33)	(6.15)	0.20	(0.29)	0.42	(0.42)	1.13

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Jpmorgan Short Correlations

Jpmorgan Short Correlation With Market

Good diversification

Moving together with Jpmorgan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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