Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JUTUX Fund  USD 27.98  0.07  0.25%   
The current 90-days correlation between Jpmorgan Smartretirement* and Schwab Health Care is 0.03 (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 Blend and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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 employment.

Moving together with Jpmorgan Mutual Fund

  0.62SRJQX Jpmorgan SmartretirementPairCorr
  0.62SRJPX Jpmorgan SmartretirementPairCorr
  0.62SRJYX Jpmorgan SmartretirementPairCorr
  0.62SRJCX Jpmorgan SmartretirementPairCorr
  0.62SRJAX Jpmorgan SmartretirementPairCorr
  0.63JPDVX Jpmorgan DiversifiedPairCorr
  0.65JDEAX Jpmorgan DisciplinedPairCorr
  0.65AAETX American Funds 2030PairCorr
  0.65CCETX American Funds 2030PairCorr
  0.62FAETX American Funds 2030PairCorr
  0.61RRTCX T Rowe PricePairCorr
  0.64HLDIX Hartford EmergingPairCorr
  0.64HLDRX Hartford EmergingPairCorr
  0.63HLDAX Hartford EmergingPairCorr
  0.64HLDCX Hartford EmergingPairCorr
  0.63HLDTX Hartford EmergingPairCorr
  0.65WAYRX Western Asset HighPairCorr
  0.62FTDBX FtdbxPairCorr

Related Correlations Analysis

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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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