Jupiter Fund Correlations

4JF Stock

EUR 1.50 0.01 0.67%

The current 90-days correlation between Jupiter Fund Management and Blackstone Group is 0.15 (i.e., Average diversification). The correlation of Jupiter Fund 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.

Jupiter Fund Correlation With Market

Weak diversification

The correlation between Jupiter Fund Management and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jupiter Fund Management and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jupiter Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jupiter Fund 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 Jupiter Fund - 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 Jupiter Fund Management to buy it.

Moving together with Jupiter Stock

0.76	BBN1	Blackstone Group Earnings Call Today	Pair Corr
0.76	BN9	Bank of New York Mellon	Pair Corr
0.8	ZYA	State Street	Pair Corr
0.81	6EQ	EQT AB	Pair Corr
0.68	0QN	Ares Management Corp	Pair Corr
0.86	NT4	Northern Trust	Pair Corr
0.87	C6T	China Construction Bank	Pair Corr
0.81	OB8	PT Barito Pacific	Pair Corr
0.78	ICK	Industrial and Commercial	Pair Corr
0.66	E908	Lyxor 1	Pair Corr

Moving against Jupiter Stock

0.61

DBPD

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Pair Corr

Related Correlations Analysis

	BBN1	BN9	A4S	ZYA	6EQ	TR1	0QN	NT4
BBN1		0.74	0.7	0.8	0.88	0.71	0.82	0.78	BBN1
BN9	0.74		0.85	0.86	0.69	0.49	0.88	0.8	BN9
A4S	0.7	0.85		0.83	0.7	0.55	0.87	0.76	A4S
ZYA	0.8	0.86	0.83		0.89	0.53	0.84	0.96	ZYA
6EQ	0.88	0.69	0.7	0.89		0.63	0.74	0.87	6EQ
TR1	0.71	0.49	0.55	0.53	0.63		0.47	0.52	TR1
0QN	0.82	0.88	0.87	0.84	0.74	0.47		0.79	0QN
NT4	0.78	0.8	0.76	0.96	0.87	0.52	0.79		NT4
	BBN1	BN9	A4S	ZYA	6EQ	TR1	0QN	NT4

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Risk-Adjusted Indicators

There is a big difference between Jupiter Stock performing well and Jupiter Fund Company 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 Jupiter Fund'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBN1	1.97	0.22	0.07	0.53	1.85	(2.68)	7.01	(2.92)	13.96
BN9	1.06	0.51	0.14	(0.95)	0.97	(1.14)	2.29	(1.74)	8.94
A4S	1.07	0.18	(0.03)	(4.39)	0.95	(1.31)	2.95	(1.82)	8.58
ZYA	1.22	0.59	0.13	(0.80)	1.48	(1.37)	3.24	(1.84)	15.82
6EQ	1.66	0.48	0.13	(1.60)	1.36	(1.96)	4.25	(2.81)	10.63
TR1	1.24	0.29	0.08	6.83	0.88	(1.48)	3.65	(1.91)	7.76
0QN	1.54	0.22	0.07	0.62	1.57	(1.70)	2.70	(3.00)	10.01
NT4	1.49	0.35	0.19	0.57	1.17	(1.95)	3.96	(2.75)	8.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jupiter Fund 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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Jupiter Fund Corporate Management

Elected by the shareholders, the Jupiter Fund's board of directors comprises two types of representatives: Jupiter Fund inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jupiter. The board's role is to monitor Jupiter Fund's management team and ensure that shareholders' interests are well served. Jupiter Fund's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jupiter Fund's outside directors are responsible for providing unbiased perspectives on the board's policies.

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