Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHQCX Fund  USD 30.40  0.02  0.07%   
The current 90-days correlation between Jpmorgan Hedged Equity and Jpmorgan Hedged Equity is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan Hedged 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 Hedged Correlation With Market

Almost no diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Hedged 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 Hedged Equity. 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

  1.0JHEQX Jpmorgan Hedged EquityPairCorr
  1.0JHQAX Jpmorgan Hedged EquityPairCorr
  0.98GTENX Gateway Fund ClassPairCorr
  0.92GTECX Gateway Fund ClassPairCorr
  0.98GTEYX Gateway Fund ClassPairCorr
  0.92GATEX Gateway Fund ClassPairCorr
  0.99JHDCX Jpmorgan Hedged EquityPairCorr
  0.95JHDRX Jpmorgan Hedged EquityPairCorr
  0.99JHDAX Jpmorgan Hedged EquityPairCorr
  0.73ERH Allspring Utilities AndPairCorr
  0.9WHIYX Ivy High IncomePairCorr
  0.89IVHIX Ivy High IncomePairCorr
  0.9IHIFX Ivy High IncomePairCorr
  0.91WRHIX Ivy High IncomePairCorr
  0.9WHIAX Ivy High IncomePairCorr
  0.63CSJZX Cohen Steers RealtyPairCorr
  0.63CSRSX Cohen Steers RealtyPairCorr
  0.7WMT Walmart Aggressive PushPairCorr
  0.71PFE Pfizer IncPairCorr
  0.7MMM 3M CompanyPairCorr
  0.77CSCO Cisco SystemsPairCorr
  0.75DD Dupont De NemoursPairCorr
  0.76CAT Caterpillar Earnings Call This WeekPairCorr
  0.86AXP American Express Earnings Call TomorrowPairCorr
  0.76BA Boeing Earnings Call This WeekPairCorr
  0.86BAC Bank of America Aggressive PushPairCorr
  0.73MSFT Microsoft Earnings Call This WeekPairCorr
  0.86HPQ HP IncPairCorr

Moving against Jpmorgan Mutual Fund

  0.43VZ Verizon Communications Earnings Call This WeekPairCorr
  0.35T ATT Inc Earnings Call This WeekPairCorr

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 Hedged 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 Hedged'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.

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