Jp Morgan Correlations

Mutual Funds . USA . 
Fund . Jp Morgan Smartretirement
JTSQX Fund  USD 24.69  0.04  0.16%   
The current 90-days correlation between Jp Morgan Smartretirement and Gabelli Convertible And is 0.38 (i.e., Weak diversification). The correlation of Jp Morgan 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.

Jp Morgan Correlation With Market

Almost no diversification

The correlation between Jp Morgan Smartretirement and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jp Morgan Smartretirement 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 Jp Morgan Smartretirement. 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 JTSQX Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.98OSGCX Jpmorgan Small CapPairCorr
  0.98OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.97JPDIX Jpmorgan Preferred AndPairCorr
  0.97JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.74JPHAX Jpmorgan Floating RatePairCorr
  0.7JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short InterPairCorr
  0.8OSTCX Jpmorgan Short DurationPairCorr
  0.64JPIVX Jpmorgan Intrepid ValuePairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.76JPHSX Jpmorgan Floating RatePairCorr
  0.78JPHRX Jpmorgan Floating RatePairCorr
  0.96OSTSX Jpmorgan Short InterPairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.67OBDCX Jpmorgan E PlusPairCorr
  0.99JPPEX Jpmorgan Mid CapPairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.99JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan SmartretirementPairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPVRX Jpmorgan InternationalPairCorr
  0.96JPVZX Jpmorgan InternationalPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.99EMREX Jpmorgan Trust IvPairCorr

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   
XNCVX
+ 0.99
LCFYX
PCNTX
+ 0.99
XAVKX
PCNTX
+ 0.99
XNCVX
LCFYX
+ 0.98
GCV
PCNTX
+ 0.98
LCFYX
XNCVX
+ 0.98
XAVKX
  
High negative correlations   
CCD
- 0.34
GCV
XNCVX
- 0.2
CCD
CCD
- 0.2
LCFYX
PCNTX
- 0.14
CCD
CCD
- 0.1
XAVKX

Risk-Adjusted Indicators

There is a big difference between JTSQX Mutual Fund performing well and Jp Morgan 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 Jp Morgan'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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