Jpmorgan Short Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Short Intermediate Municipal
OSTAX Fund  USD 10.15  0.01  0.1%   
The current 90-days correlation between Jpmorgan Short Inter and Jpmorgan Smartretirement 2035 is -0.07 (i.e., Good diversification). The correlation of Jpmorgan Short 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 Short Correlation With Market

Good diversification

The correlation between Jpmorgan Short Intermediate Mu and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Short Intermediate Mu and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Short Intermediate Municipal. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.96SRJZX Jpmorgan SmartretirementPairCorr
  0.97SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.96OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.97JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.99JPDIX Jpmorgan Preferred AndPairCorr
  0.7JPDRX Jpmorgan Preferred AndPairCorr
  0.97JPDVX Jpmorgan DiversifiedPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.65JPHAX Jpmorgan Floating RatePairCorr
  0.9OSTCX Jpmorgan Short DurationPairCorr
  0.93OSVCX Jpmorgan Small CapPairCorr
  0.74OSTSX Jpmorgan Short InterPairCorr
  0.87JPICX Jpmorgan California TaxPairCorr
  0.77OBDCX Jpmorgan E PlusPairCorr
  0.68JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.97JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.67JPTLX Jpmorgan SmartretirementPairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.94JPVRX Jpmorgan InternationalPairCorr
  0.75JPVZX Jpmorgan InternationalPairCorr
  0.61OBOCX Jpmorgan E BondPairCorr
  0.97JPYRX Jpmorgan Smartretirement*PairCorr
  0.63EMREX Jpmorgan Trust IvPairCorr
  0.96EMRSX Jpmorgan Emerging MarketsPairCorr

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 Short 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 Short'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  0.42  0.08  0.04  0.28  0.27 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.42  0.18  0.06 (2.88) 0.24 
(0.48)
 1.28 
(0.94)
 2.86 
SRJPX  0.42  0.17  0.06 (2.88) 0.27 
(0.48)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.04  0.28  0.27 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.18  0.06 (2.72) 0.27 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.42  0.08  0.04  0.27  0.27 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.43  0.17  0.05 (2.74) 0.26 
(0.48)
 1.31 
(0.96)
 2.94 
SRJAX  0.42  0.18  0.06 (2.72) 0.28 
(0.48)
 1.29 
(0.95)
 2.89 
OSGCX  0.93  0.31  0.12 (1.32) 0.81 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.36  0.19 (1.53) 0.69 
(1.03)
 2.50 
(1.28)
 5.86 

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