Jpmorgan Small Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Pany
JTUCX Fund  USD 15.36  0.11  0.72%   
The current 90-days correlation between Jpmorgan Small Pany and Jpmorgan Smartretirement 2035 is 0.9 (i.e., Almost no 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 Pany and DJI is 0.85 (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 Pany 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 Pany. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.97SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.97OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDAX Jpmorgan Preferred AndPairCorr
  0.97JPDCX Jpmorgan Preferred AndPairCorr
  0.96JPDIX Jpmorgan Preferred AndPairCorr
  0.96JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.71JPHAX Jpmorgan Floating RatePairCorr
  0.67JPHCX Jpmorgan Floating RatePairCorr
  0.95OSTAX Jpmorgan Short InterPairCorr
  0.8OSTCX Jpmorgan Short DurationPairCorr
  0.99OSVCX Jpmorgan Small CapPairCorr
  0.72JPHSX Jpmorgan Floating RatePairCorr
  0.75JPHRX Jpmorgan Floating RatePairCorr
  0.95OSTSX Jpmorgan Short InterPairCorr
  0.83JPICX Jpmorgan California TaxPairCorr
  0.66OBDCX 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
  0.93JPVRX Jpmorgan InternationalPairCorr
  0.93JPVZX Jpmorgan InternationalPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.97EMREX Jpmorgan Trust IvPairCorr

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  0.40  0.08  0.01  0.31  0.20 
(0.47)
 1.33 
(0.79)
 2.86 
SRJQX  0.41  0.17 (0.02)(2.73) 0.26 
(0.47)
 1.28 
(0.94)
 2.86 
SRJPX  0.41  0.16 (0.02)(2.73) 0.29 
(0.47)
 1.30 
(0.92)
 2.91 
SRJSX  0.40  0.08  0.01  0.31  0.19 
(0.47)
 1.28 
(0.79)
 2.86 
SRJYX  0.42  0.17 (0.02)(2.58) 0.29 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.40  0.08  0.01  0.31  0.20 
(0.47)
 1.30 
(0.76)
 2.91 
SRJCX  0.42  0.16 (0.02)(2.59) 0.29 
(0.48)
 1.31 
(0.96)
 2.94 
SRJAX  0.41  0.17 (0.02)(2.64) 0.30 
(0.48)
 1.29 
(0.95)
 2.89 
OSGCX  0.93  0.29  0.07 (1.05) 0.83 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.89  0.34  0.13 (1.34) 0.70 
(1.04)
 2.50 
(1.28)
 5.86 

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