Jpmorgan Strategic Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Strategic Income
JSOZX Fund  USD 11.50  0.01  0.09%   
The current 90-days correlation between Jpmorgan Strategic Income and High Yield Fund is 0.13 (i.e., Average diversification). The correlation of Jpmorgan Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Jpmorgan Strategic Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Strategic Income 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 Strategic Income. 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

  0.95BSIKX Blackrock StrategicPairCorr
  0.95BSICX Blackrock Strategic OppsPairCorr
  0.95BASIX Blackrock Strategic OppsPairCorr
  1.0JSORX Jpmorgan Strategic IncomePairCorr
  0.99JSOCX Jpmorgan Strategic IncomePairCorr
  0.99JSOSX Jpmorgan Strategic IncomePairCorr
  0.99JSOAX Jpmorgan Strategic IncomePairCorr
  0.78PMZCX Pimco Mortgage OpporPairCorr
  0.97HLDIX Hartford EmergingPairCorr
  0.87HLDRX Hartford EmergingPairCorr
  0.96HLDAX Hartford EmergingPairCorr
  0.96HLDCX Hartford EmergingPairCorr
  0.96HLDTX Hartford EmergingPairCorr
  0.89RIVKX American Funds InterPairCorr
  0.91FDEGX Fidelity Growth StraPairCorr
  0.61IBM International BusinessPairCorr
  0.64CVX Chevron CorpPairCorr

Moving against Jpmorgan Mutual Fund

  0.61MCD McDonaldsPairCorr
  0.44TRV The Travelers CompaniesPairCorr
  0.33WMT Walmart Sell-off TrendPairCorr
  0.32VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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