Jpmorgan Unconstrained Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Unconstrained Debt
JSIMX Fund  USD 9.83  0.01  0.10%   
The current 90-days correlation between Jpmorgan Unconstrained and Jpmorgan Smartretirement 2035 is -0.14 (i.e., Good diversification). The correlation of Jpmorgan Unconstrained 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 Unconstrained Correlation With Market

Good diversification

The correlation between Jpmorgan Unconstrained Debt and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Unconstrained Debt 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 Unconstrained Debt. 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 population.

Moving together with Jpmorgan Mutual Fund

  0.95SRJIX Jpmorgan SmartretirementPairCorr
  0.96SRJQX Jpmorgan SmartretirementPairCorr
  0.96SRJPX Jpmorgan SmartretirementPairCorr
  0.95SRJSX Jpmorgan SmartretirementPairCorr
  0.96SRJYX Jpmorgan SmartretirementPairCorr
  0.95SRJZX Jpmorgan SmartretirementPairCorr
  0.96SRJCX Jpmorgan SmartretirementPairCorr
  0.96SRJAX Jpmorgan SmartretirementPairCorr
  0.94OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.98JPDIX Jpmorgan Preferred AndPairCorr
  0.98JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.94JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61JPHAX Jpmorgan Floating RatePairCorr
  0.98OSTAX Jpmorgan Short InterPairCorr
  0.94OSTCX Jpmorgan Short DurationPairCorr
  0.92OSVCX Jpmorgan Small CapPairCorr
  0.61JPHSX Jpmorgan Floating RatePairCorr
  0.98OSTSX Jpmorgan Short InterPairCorr
  0.76OBBCX Jpmorgan MortgagePairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.92JPPEX Jpmorgan Mid CapPairCorr
  0.95JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.93JPVRX Jpmorgan InternationalPairCorr
  0.93JPVZX Jpmorgan InternationalPairCorr
  0.7OBOCX Jpmorgan E BondPairCorr
  0.96JPYRX Jpmorgan Smartretirement*PairCorr
  0.95EMREX Jpmorgan Trust IvPairCorr
  0.95EMRSX Jpmorgan Emerging MarketsPairCorr
  0.78PGBOX Jpmorgan E BondPairCorr
  0.98OCGCX Jpmorgan InvestorPairCorr
  0.95PGSGX Jpmorgan Small CapPairCorr

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 Unconstrained 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 Unconstrained'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  0.42  0.08  0.04  0.28  0.27 
(0.48)
 1.33 
(0.94)
 2.86 
SRJQX  0.42  0.18  0.06 (2.88) 0.24 
(0.48)
 1.28 
(0.94)
 2.86 
SRJPX  0.42  0.17  0.06 (2.88) 0.27 
(0.48)
 1.30 
(0.92)
 2.91 
SRJSX  0.42  0.08  0.04  0.28  0.27 
(0.47)
 1.28 
(0.94)
 2.86 
SRJYX  0.42  0.18  0.06 (2.72) 0.27 
(0.48)
 1.33 
(0.94)
 2.91 
SRJZX  0.42  0.08  0.04  0.27  0.27 
(0.47)
 1.30 
(0.90)
 2.91 
SRJCX  0.43  0.17  0.05 (2.74) 0.26 
(0.48)
 1.31 
(0.96)
 2.94 
SRJAX  0.42  0.18  0.06 (2.72) 0.28 
(0.48)
 1.29 
(0.95)
 2.89 
OSGCX  0.93  0.31  0.12 (1.32) 0.81 
(1.07)
 2.49 
(1.60)
 6.40 
OSGIX  0.88  0.36  0.19 (1.53) 0.69 
(1.03)
 2.50 
(1.28)
 5.86 

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