Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2050
JTSIX Fund  USD 24.85  0.04  0.16%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2040 is 0.09 (i.e., Significant diversification). 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

Good diversification

The correlation between Jpmorgan Smartretirement 2050 and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2050 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 2050. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.74SRJIX Jpmorgan SmartretirementPairCorr
  0.75SRJQX Jpmorgan SmartretirementPairCorr
  0.75SRJPX Jpmorgan SmartretirementPairCorr
  0.74SRJSX Jpmorgan SmartretirementPairCorr
  0.75SRJYX Jpmorgan SmartretirementPairCorr
  0.74SRJZX Jpmorgan SmartretirementPairCorr
  0.75SRJCX Jpmorgan SmartretirementPairCorr
  0.75SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGCX Jpmorgan Small CapPairCorr
  0.72OSGIX Jpmorgan Mid CapPairCorr
  0.84JPBRX Jpmorgan SmartretirementPairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.84JPDIX Jpmorgan Preferred AndPairCorr
  0.71JPDRX Jpmorgan Preferred AndPairCorr
  0.75JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.82OSTAX Jpmorgan Short InterPairCorr
  0.66OSTCX Jpmorgan Short DurationPairCorr
  0.95OSVCX Jpmorgan Small CapPairCorr
  0.75OSTSX Jpmorgan Short InterPairCorr
  0.83JPICX Jpmorgan California TaxPairCorr
  0.75JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.75JPTLX Jpmorgan SmartretirementPairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.96JPVRX Jpmorgan InternationalPairCorr
  0.63JPVZX Jpmorgan InternationalPairCorr
  0.84JPYRX Jpmorgan Smartretirement*PairCorr
  0.7EMREX Jpmorgan Trust IvPairCorr
  0.83EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JSAIX
+ 1.0
JSMIX
JSIIX
+ 1.0
JSMIX
JSIIX
+ 0.99
JSAIX
JSMIX
+ 0.66
SMTIX
JSAIX
+ 0.66
SMTIX
JSIIX
+ 0.66
SMTIX
  
High negative correlations   
JSIIX
- 0.67
JTTIX
JTTIX
- 0.66
SMTIX
JTTIX
- 0.65
JSMIX
JTTIX
- 0.63
JSAIX

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.

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