Jpmorgan Strategic Correlations

JSOSX Fund

USD 11.44 0.01 0.09%

The correlation of Jpmorgan Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Jpmorgan Strategic Income and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Strategic Income 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 Strategic Income. 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 state.

Moving together with Jpmorgan Mutual Fund

0.64	JPDCX	Jpmorgan Preferred And	Pair Corr
0.62	JPDIX	Jpmorgan Preferred And	Pair Corr
0.7	JPDRX	Jpmorgan Preferred And	Pair Corr
0.76	OSTCX	Jpmorgan Short Duration	Pair Corr
0.77	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.73	OBDCX	Jpmorgan E Plus	Pair Corr
0.7	JPVRX	Jpmorgan International	Pair Corr
0.83	JPVZX	Jpmorgan International	Pair Corr
0.76	OBOCX	Jpmorgan E Bond	Pair Corr
0.64	EMREX	Jpmorgan Trust Iv	Pair Corr

Moving against Jpmorgan Mutual Fund

0.86	OSGCX	Jpmorgan Small Cap	Pair Corr
0.83	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.81	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.37	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.32	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.31	JPDVX	Jpmorgan Diversified	Pair Corr
0.82	OSVCX	Jpmorgan Small Cap	Pair Corr
0.77	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.7	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.68	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.64	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.63	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.39	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.36	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.33	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.86	PGSGX	Jpmorgan Small Cap	Pair Corr
0.33	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.32	JPYRX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	HUCXX	MODXX	VMRXX	PFCXX	SPAXX	HEWXX	AEAXX
HUCXX		0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
MODXX	0.0		0.0	0.0	0.0	0.0	0.0	MODXX
VMRXX	0.0	0.0		0.0	0.97	0.0	0.0	VMRXX
PFCXX	0.0	0.0	0.0		0.0	0.0	0.0	PFCXX
SPAXX	0.0	0.0	0.97	0.0		0.0	0.0	SPAXX
HEWXX	0.0	0.0	0.0	0.0	0.0		0.0	HEWXX
AEAXX	0.0	0.0	0.0	0.0	0.0	0.0		AEAXX
	HUCXX	MODXX	VMRXX	PFCXX	SPAXX	HEWXX	AEAXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPAXX	+ 0.97	VMRXX
MODXX	+ 0.0	HUCXX
VMRXX	+ 0.0	HUCXX
PFCXX	+ 0.0	HUCXX
SPAXX	+ 0.0	HUCXX
HEWXX	+ 0.0	HUCXX

High negative correlations

AEAXX	- 0.0	HEWXX
AEAXX	- 0.0	SPAXX
HEWXX	- 0.0	SPAXX
AEAXX	- 0.0	PFCXX
HEWXX	- 0.0	PFCXX
SPAXX	- 0.0	PFCXX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Strategic 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 Strategic'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	Treynor Ratio	Maximum Drawdown
HUCXX	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00
VMRXX	0.03	0.00	(0.80)	1.01
PFCXX	0.00	0.00	0.00	0.00
SPAXX	0.03	0.01	0.91	1.01
HEWXX	0.00	0.00	0.00	0.00
AEAXX	0.00	0.00	0.00	0.00

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