Jpmorgan Trust Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Trust Iv
EMREX Fund  USD 15.88  0.75  4.96%   
The current 90-days correlation between Jpmorgan Trust Iv and Jpmorgan Smartretirement 2035 is 0.8 (i.e., Very poor diversification). The correlation of Jpmorgan Trust 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 Trust Correlation With Market

Poor diversification

The correlation between Jpmorgan Trust Iv and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Trust Iv and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Jpmorgan Trust Iv. 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 income.

Moving together with Jpmorgan Mutual Fund

  0.62SRJIX Jpmorgan SmartretirementPairCorr
  0.61SRJQX Jpmorgan SmartretirementPairCorr
  0.61SRJPX Jpmorgan SmartretirementPairCorr
  0.61SRJSX Jpmorgan SmartretirementPairCorr
  0.62SRJYX Jpmorgan SmartretirementPairCorr
  0.64JPBRX Jpmorgan SmartretirementPairCorr
  0.86JPDAX Jpmorgan Preferred AndPairCorr
  0.87JPDCX Jpmorgan Preferred AndPairCorr
  0.8JPDIX Jpmorgan Preferred AndPairCorr
  0.8JPDRX Jpmorgan Preferred AndPairCorr
  0.61OSTAX Jpmorgan Short-intermediaPairCorr
  0.63JPRRX Jpmorgan SmartretirementPairCorr
  0.63JPTKX Jpmorgan SmartretirementPairCorr
  0.63JPTLX Jpmorgan SmartretirementPairCorr
  0.63JPSRX Jpmorgan Smartretirement*PairCorr
  0.86JPVRX Jpmorgan InternationalPairCorr
  0.86JPVZX Jpmorgan InternationalPairCorr
  0.64JPYRX Jpmorgan Smartretirement*PairCorr

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 Trust 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 Trust'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  0.62 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.00 
(1.31)
 5.45 
SRJQX  0.63 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.00 
(1.31)
 5.45 
SRJPX  0.63 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.01 
(1.28)
 5.38 
SRJSX  0.63 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.00 
(1.31)
 5.40 
SRJYX  0.63 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.00 
(1.31)
 5.44 
SRJZX  0.63 (0.01) 0.00 (0.19) 0.00 
 0.00 
 1.01 
(1.33)
 5.43 
SRJCX  0.63 (0.01) 0.00 (0.20) 0.00 
 0.00 
 0.97 
(1.29)
 5.43 
SRJAX  0.61 (0.09) 0.00 (1.01) 0.00 
 0.00 
 1.01 
(1.27)
 5.45 
OSGCX  1.36 (0.17) 0.00 (0.33) 0.00 
 0.00 
 2.07 
(3.42)
 10.14 
OSGIX  1.41 (0.09) 0.00 (0.25) 0.00 
 0.00 
 1.95 
(3.66)
 9.37 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY