Jpmorgan Tax Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Tax Aware
TXRCX Fund  USD 9.20  0.02  0.22%   
The current 90-days correlation between Jpmorgan Tax Aware and Jpmorgan Smartretirement 2035 is -0.14 (i.e., Good diversification). The correlation of Jpmorgan Tax 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 Tax Correlation With Market

Good diversification

The correlation between Jpmorgan Tax Aware and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Tax Aware and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Jpmorgan Tax Aware. 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

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.83SRJQX Jpmorgan SmartretirementPairCorr
  0.83SRJPX Jpmorgan SmartretirementPairCorr
  0.83SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.83OSGCX Jpmorgan Small CapPairCorr
  0.83OSGIX Jpmorgan Mid CapPairCorr
  0.81JPDAX Jpmorgan Preferred AndPairCorr
  0.8JPDRX Jpmorgan Preferred AndPairCorr
  0.83JPDVX Jpmorgan DiversifiedPairCorr
  0.82JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7JPHCX Jpmorgan Floating RatePairCorr
  0.73JPHSX Jpmorgan Floating RatePairCorr
  0.75JPHRX Jpmorgan Floating RatePairCorr
  0.81OSTSX Jpmorgan Short InterPairCorr
  0.83JPRRX Jpmorgan SmartretirementPairCorr
  0.83JPTLX Jpmorgan SmartretirementPairCorr
  0.78JPVZX Jpmorgan InternationalPairCorr
  0.8EMREX 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 Tax 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 Tax'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  0.03  0.28  0.28 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.42  0.16  0.03 (3.00) 0.25 
(0.47)
 1.28 
(0.94)
 2.86 
SRJPX  0.41  0.16  0.03 (2.99) 0.28 
(0.47)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.03  0.28  0.28 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.16  0.03 (2.80) 0.28 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.41  0.08  0.03  0.27  0.28 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.42  0.16  0.02 (2.83) 0.28 
(0.47)
 1.31 
(0.96)
 2.94 
SRJAX  0.41  0.16  0.03 (2.79) 0.29 
(0.47)
 1.29 
(0.95)
 2.89 
OSGCX  0.92  0.28  0.09 (1.25) 0.82 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.35  0.18 (1.54) 0.69 
(1.02)
 2.50 
(1.28)
 5.86 

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