Jpmorgan Research Correlations

Mutual Funds USA . 
Fund . Jpmorgan Research Equity
JEPAX Fund  USD 14.00  0.02  0.14%   
The correlation of Jpmorgan Research 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jpmorgan Research moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jpmorgan Research Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Average diversification

The correlation between Jpmorgan Research Equity and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Research Equity and NYA 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 Research Equity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
  
The ability to find closely correlated positions to Jpmorgan Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jpmorgan Research when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jpmorgan Research - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jpmorgan Research Equity to buy it.

Moving together with Jpmorgan Mutual Fund

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.84OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.9JPDAX Jpmorgan Preferred AndPairCorr
  0.9JPDIX Jpmorgan Preferred AndPairCorr
  0.9JPDRX Jpmorgan Preferred AndPairCorr
  0.97JPDVX Jpmorgan DiversifiedPairCorr
  0.92JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.66JPHAX Jpmorgan Floating RatePairCorr
  0.64JPHCX Jpmorgan Floating RatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Research 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 Research'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  0.44 (0.02)(0.04) 0.03  0.49 
(0.50)
 0.95 
(1.03)
 2.40 
SRJQX  0.43  0.04 (0.01) 12.96  0.46 
(0.48)
 0.95 
(0.86)
 2.40 
SRJPX  0.42  0.04 (0.01) 9.97  0.44 
(0.47)
 0.93 
(0.81)
 2.33 
SRJSX  0.42  0.00 (0.01) 0.00  0.46 
(0.46)
 0.97 
(0.80)
 2.40 
SRJYX  0.42  0.04 (0.01) 4.88  0.43 
(0.49)
 0.95 
(0.83)
 2.34 
SRJZX  0.42  0.04 (0.02)(10.32) 0.45 
(0.47)
 0.92 
(0.87)
 2.43 
SRJCX  0.43  0.04 (0.02)(33.23) 0.46 
(0.48)
 0.97 
(0.82)
 2.40 
SRJAX  0.42  0.04 (0.01)(8.66) 0.45 
(0.47)
 0.97 
(0.86)
 2.42 
OSGCX  1.08  0.08  0.02 (0.79) 1.40 
(1.05)
 2.39 
(2.02)
 6.07 
OSGIX  0.76  0.07  0.02 (32.65) 0.89 
(0.79)
 1.65 
(1.66)
 4.29 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jpmorgan Research without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Jpmorgan Research Equity?

The danger of trading Jpmorgan Research Equity is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Jpmorgan Research is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Jpmorgan Research. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Jpmorgan Research Equity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Research Equity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Jpmorgan Research Equity information on this page should be used as a complementary analysis to other Jpmorgan Research's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Please note, there is a significant difference between Jpmorgan Research's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jpmorgan Research is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jpmorgan Research's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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