Jpmorgan Floating Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Floating Rate
JPHCX Fund  USD 8.06  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and Franklin Government Securities is 0.02 (i.e., Significant diversification). The correlation of Jpmorgan Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Floating Rate 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 Floating Rate. 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

  0.77SRJIX Jpmorgan SmartretirementPairCorr
  0.77SRJQX Jpmorgan SmartretirementPairCorr
  0.77SRJPX Jpmorgan SmartretirementPairCorr
  0.77SRJSX Jpmorgan SmartretirementPairCorr
  0.77SRJYX Jpmorgan SmartretirementPairCorr
  0.77SRJZX Jpmorgan SmartretirementPairCorr
  0.77SRJCX Jpmorgan SmartretirementPairCorr
  0.77SRJAX Jpmorgan SmartretirementPairCorr
  0.77OSGCX Jpmorgan Small CapPairCorr
  0.78OSGIX Jpmorgan Mid CapPairCorr
  0.77JPBRX Jpmorgan SmartretirementPairCorr
  0.69JPDAX Jpmorgan Preferred AndPairCorr
  0.68JPDCX Jpmorgan Preferred AndPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.67JPDRX Jpmorgan Preferred AndPairCorr
  0.76JPDVX Jpmorgan DiversifiedPairCorr
  0.75JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.99JPHAX Jpmorgan Floating RatePairCorr
  0.66JPIVX Jpmorgan Intrepid ValuePairCorr
  0.78OSVCX Jpmorgan Small CapPairCorr
  0.99JPHSX Jpmorgan Floating RatePairCorr
  0.99JPHRX Jpmorgan Floating RatePairCorr
  0.65JPICX Jpmorgan California TaxPairCorr
  0.82JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.78JPTBX Jpmorgan Smartretirement*PairCorr
  0.77JPTKX Jpmorgan Smartretirement*PairCorr
  0.77JPTLX Jpmorgan SmartretirementPairCorr
  0.77JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPVRX Jpmorgan InternationalPairCorr
  0.79JPVZX Jpmorgan InternationalPairCorr
  0.77JPYRX Jpmorgan Smartretirement*PairCorr
  0.77EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Floating 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 Floating'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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