Jpmorgan Value Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Value Advantage
JVARX Fund  USD 37.16  0.11  0.30%   
The current 90-days correlation between Jpmorgan Value Advantage and Jpmorgan Value Advantage is -0.09 (i.e., Good diversification). The correlation of Jpmorgan Value 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 Value Correlation With Market

Almost no diversification

The correlation between Jpmorgan Value Advantage and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Value Advantage 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 Value Advantage. 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.92SRJIX Jpmorgan SmartretirementPairCorr
  0.92SRJQX Jpmorgan SmartretirementPairCorr
  0.93SRJPX Jpmorgan SmartretirementPairCorr
  0.92SRJSX Jpmorgan SmartretirementPairCorr
  0.92SRJYX Jpmorgan SmartretirementPairCorr
  0.93SRJZX Jpmorgan SmartretirementPairCorr
  0.93SRJCX Jpmorgan SmartretirementPairCorr
  0.93SRJAX Jpmorgan SmartretirementPairCorr
  0.88OSGCX Jpmorgan Small CapPairCorr
  0.85OSGIX Jpmorgan Mid CapPairCorr
  0.92JPBRX Jpmorgan Smartretirement*PairCorr
  0.78JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDCX Jpmorgan Preferred AndPairCorr
  0.79JPDIX Jpmorgan Preferred AndPairCorr
  0.79JPDRX Jpmorgan Preferred AndPairCorr
  0.88JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.89JPHAX Jpmorgan Floating RatePairCorr
  0.9JPHCX Jpmorgan Floating RatePairCorr
  0.61OSTAX Jpmorgan Short-intermediaPairCorr
  1.0JPIVX Jpmorgan Intrepid ValuePairCorr
  0.98OSVCX Jpmorgan Small CapPairCorr
  0.89JPHSX Jpmorgan Floating RatePairCorr
  0.9JPHRX Jpmorgan Floating RatePairCorr
  0.63OSTSX Jpmorgan Short-intermediaPairCorr
  0.67JPICX Jpmorgan California TaxPairCorr
  0.95JPPEX Jpmorgan Mid CapPairCorr
  0.92JPRRX Jpmorgan SmartretirementPairCorr
  0.91JPTBX Jpmorgan Smartretirement*PairCorr
  0.92JPTKX Jpmorgan Smartretirement*PairCorr
  0.92JPTLX Jpmorgan Smartretirement*PairCorr
  0.92JPSRX Jpmorgan Smartretirement*PairCorr
  0.92JPYRX Jpmorgan Smartretirement*PairCorr
  0.71EMREX Jpmorgan Trust IvPairCorr

Moving against Jpmorgan Mutual Fund

  0.5OSTCX Jpmorgan Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Value 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 Value'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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