Jp Morgan Correlations

Mutual Funds . USA . 
Fund . Jp Morgan Smartretirement
JTSQX Fund  USD 26.30  0.03  0.11%   
The current 90-days correlation between Jp Morgan Smartretirement and Ultra Short Fixed Income is -0.03 (i.e., Good diversification). The correlation of Jp Morgan 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.

Jp Morgan Correlation With Market

Very poor diversification

The correlation between Jp Morgan Smartretirement and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jp Morgan Smartretirement 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 Jp Morgan Smartretirement. 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 employment.

Moving together with JTSQX Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.96SRJAX Jpmorgan SmartretirementPairCorr
  0.94OSGCX Jpmorgan Small CapPairCorr
  0.79OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan Smartretirement*PairCorr
  0.93JPDAX Jpmorgan Preferred AndPairCorr
  0.93JPDCX Jpmorgan Preferred AndPairCorr
  0.93JPDIX Jpmorgan Preferred AndPairCorr
  0.94JPDRX Jpmorgan Preferred AndPairCorr
  0.95JPDVX Jpmorgan DiversifiedPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.86JPHAX Jpmorgan Floating RatePairCorr
  0.8JPHCX Jpmorgan Floating RatePairCorr
  0.69OSTAX Jpmorgan Short-intermediaPairCorr
  0.89OSTCX Jpmorgan Short DurationPairCorr
  0.93OSVCX Jpmorgan Small CapPairCorr
  0.88JPHSX Jpmorgan Floating RatePairCorr
  0.86JPHRX Jpmorgan Floating RatePairCorr
  0.75OSTSX Jpmorgan Short-intermediaPairCorr
  0.9JPICX Jpmorgan California TaxPairCorr
  0.85OBDCX Jpmorgan E PlusPairCorr
  0.74JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan Smartretirement*PairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.86JPVRX Jpmorgan InternationalPairCorr
  0.85JPVZX Jpmorgan InternationalPairCorr
  0.84OBOCX Jpmorgan E BondPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.94EMREX Jpmorgan Trust IvPairCorr
  0.97EMRSX Jpmorgan Emerging MarketsPairCorr
  0.88PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between JTSQX Mutual Fund performing well and Jp Morgan 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 Jp Morgan'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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