Jpmorgan Small Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Cap
JSGZX Fund  USD 16.38  0.13  0.79%   
The current 90-days correlation between Jpmorgan Small Cap and Ab High Income is 0.6 (i.e., Poor diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Very poor diversification

The correlation between Jpmorgan Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  1.0OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.98OSVCX Jpmorgan Small CapPairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.99JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.99JRBYX Jpmorgan SmartretirementPairCorr
  0.97ODMCX Jpmorgan Intrepid MidPairCorr
  0.99JACSX Jpmorgan SmartretirementPairCorr
  0.99JAKCX Jpmorgan SmartretirementPairCorr
  0.99JSAYX Jpmorgan SmartretirementPairCorr
  0.97JAMCX Jpmorgan Mid CapPairCorr
  0.99JSACX Jpmorgan SmartretirementPairCorr
  0.99JSAIX Jpmorgan SmartretirementPairCorr
  0.98JSEZX Jpmorgan Small CapPairCorr
  0.9JSEAX Jpmorgan InternationalPairCorr
  0.98JSEPX Jpmorgan Small CapPairCorr
  0.99JSIIX Jpmorgan SmartretirementPairCorr
  0.99JSIPX Jpmorgan SmartretirementPairCorr
  0.99JSIQX Jpmorgan SmartretirementPairCorr
  0.99JSIYX Jpmorgan SmartretirementPairCorr
  0.99JSIZX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Small 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 Small'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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