JPMorgan Nasdaq Correlations

JEPQ Etf

USD 49.54 0.68 1.39%

The current 90-days correlation between JPMorgan Nasdaq Equity and JPMorgan Equity Premium is 0.91 (i.e., Almost no diversification). The correlation of JPMorgan Nasdaq 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 Nasdaq Correlation With Market

Almost no diversification

The correlation between JPMorgan Nasdaq Equity and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Nasdaq Equity and DJI 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 Nasdaq Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with JPMorgan Etf

0.89	JEPI	JPMorgan Equity Premium	Pair Corr
0.99	XYLD	Global X SP	Pair Corr
0.89	DIVO	Amplify CWP Enhanced	Pair Corr
0.98	RYLD	Global X Russell	Pair Corr
0.62	KNG	FT Cboe Vest	Pair Corr
0.75	BUYW	Main Buywrite ETF	Pair Corr
0.63	EMC	Global X Funds	Pair Corr
0.83	JAVA	JPMorgan Active Value	Pair Corr
0.78	TSL	GraniteShares 125x Long	Pair Corr

Moving against JPMorgan Etf

0.76	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.67	SHLD	Global X Funds Sell-off Trend	Pair Corr
0.55	IGLD	FT Cboe Vest	Pair Corr
0.99	SDS	ProShares UltraShort Aggressive Push	Pair Corr
0.8	BSV	Vanguard Short Term	Pair Corr
0.78	XFIV	Bondbloxx ETF Trust	Pair Corr
0.77	IBND	SPDR Bloomberg Inter	Pair Corr
0.68	STOT	SPDR DoubleLine Short	Pair Corr
0.66	BIV	Vanguard Intermediate	Pair Corr
0.65	VUSB	Vanguard Ultra Short Sell-off Trend	Pair Corr
0.6	PHYS	Sprott Physical Gold	Pair Corr
0.6	MBSD	FlexShares Disciplined	Pair Corr
0.51	SDFI	AB Active ETFs,	Pair Corr
0.49	VMBS	Vanguard Mortgage	Pair Corr
0.98	SPXU	ProShares UltraPro Short Trending	Pair Corr
0.89	UVXY	ProShares Ultra VIX Trending	Pair Corr
0.8	GBIL	Goldman Sachs Access	Pair Corr
0.79	SGOV	iShares 0 3	Pair Corr
0.73	XSVN	Bondbloxx ETF Trust	Pair Corr
0.72	ISTB	iShares Core 1	Pair Corr

Related Correlations Analysis

	JEPI	XYLD	DIVO	RYLD	JEPQ	KNG	SIXH	BUYW	IDME
JEPI		0.92	0.95	0.89	0.89	0.83	0.54	0.79	0.63	JEPI
XYLD	0.92		0.91	0.98	0.99	0.66	0.21	0.75	0.36	XYLD
DIVO	0.95	0.91		0.89	0.89	0.76	0.48	0.78	0.55	DIVO
RYLD	0.89	0.98	0.89		0.98	0.62	0.14	0.75	0.33	RYLD
JEPQ	0.89	0.99	0.89	0.98		0.62	0.15	0.75	0.35	JEPQ
KNG	0.83	0.66	0.76	0.62	0.62		0.64	0.85	0.79	KNG
SIXH	0.54	0.21	0.48	0.14	0.15	0.64		0.36	0.76	SIXH
BUYW	0.79	0.75	0.78	0.75	0.75	0.85	0.36		0.68	BUYW
IDME	0.63	0.36	0.55	0.33	0.35	0.79	0.76	0.68		IDME
	JEPI	XYLD	DIVO	RYLD	JEPQ	KNG	SIXH	BUYW	IDME

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JPMorgan Nasdaq Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Nasdaq ETF 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 Nasdaq'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
JEPI	0.79	0.00	0.00	(0.09)	0.00	0.00	1.20	(1.56)	9.60
XYLD	0.87	(0.02)	0.00	(0.10)	0.00	0.00	1.27	(2.60)	12.36
DIVO	0.80	0.04	0.00	(0.03)	0.00	0.00	1.38	(1.59)	8.09
RYLD	1.01	(0.10)	0.00	(0.19)	0.00	0.00	1.51	(2.98)	12.60
JEPQ	1.22	(0.06)	0.00	(0.13)	0.00	0.00	1.82	(3.44)	14.09
KNG	0.83	(0.02)	0.00	(0.38)	0.00	0.00	1.32	(1.74)	6.51
SIXH	0.68	0.06	0.08	0.02	1.21	(0.67)	1.29	(1.33)	7.44
BUYW	0.60	(0.06)	0.00	0.48	0.00	0.00	0.88	(1.31)	10.57
IDME	0.84	0.04	0.08	0.23	1.43	(0.84)	1.63	(1.80)	7.38

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