Jpmorgan Small Correlations

Mutual Funds USA . 
Fund . Jpmorgan Small Cap
JSVQX Fund  USD 27.38  0.14  0.51%   
The current 90-days correlation between Jpmorgan Small Cap and Jpmorgan Smartretirement 2035 is 0.87 (i.e., Very 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 0.82 (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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.96SRJIX Jpmorgan SmartretirementPairCorr
  0.96SRJQX Jpmorgan SmartretirementPairCorr
  0.96SRJPX Jpmorgan SmartretirementPairCorr
  0.96SRJSX Jpmorgan SmartretirementPairCorr
  0.96SRJYX Jpmorgan SmartretirementPairCorr
  0.96SRJZX Jpmorgan SmartretirementPairCorr
  0.96SRJCX Jpmorgan SmartretirementPairCorr
  0.96SRJAX Jpmorgan SmartretirementPairCorr
  0.98OSGCX Jpmorgan Small CapPairCorr
  0.94OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.95JPDCX Jpmorgan Preferred AndPairCorr
  0.95JPDIX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.95JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.93OSTAX Jpmorgan Short InterPairCorr
  1.0OSVCX Jpmorgan Small CapPairCorr
  0.85JPICX Jpmorgan California TaxPairCorr
  0.96JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPYRX Jpmorgan Smartretirement*PairCorr
  0.95EMRSX Jpmorgan Emerging MarketsPairCorr
  0.96JRBYX Jpmorgan SmartretirementPairCorr
  0.95ODMCX Jpmorgan Intrepid MidPairCorr
  0.96JACSX Jpmorgan SmartretirementPairCorr
  0.96JAKCX Jpmorgan SmartretirementPairCorr
  0.96JSASX Jpmorgan SmartretirementPairCorr
  0.96JSAYX Jpmorgan SmartretirementPairCorr
  0.98JAMCX Jpmorgan Mid CapPairCorr
  0.96JSACX Jpmorgan SmartretirementPairCorr
  0.96JSAIX Jpmorgan SmartretirementPairCorr
  0.97JSEZX Jpmorgan Small CapPairCorr
  0.83JSEAX Jpmorgan InternationalPairCorr
  0.97JSEPX Jpmorgan Small CapPairCorr
  0.98JSGZX Jpmorgan Small CapPairCorr
  0.96JSIIX Jpmorgan SmartretirementPairCorr
  0.96JSIPX Jpmorgan SmartretirementPairCorr
  0.96JSIQX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
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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