Jpmorgan Small Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Cap
OSGCX Fund  USD 9.44  0.04  0.42%   
The current 90-days correlation between Jpmorgan Small Cap and Invesco Global Health is 0.8 (i.e., Very poor diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Almost no diversification

The correlation between Jpmorgan Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Small Cap. 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

  0.9SRJIX Jpmorgan SmartretirementPairCorr
  0.86JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.94JPIVX Jpmorgan Intrepid ValuePairCorr
  0.89JPYRX Jpmorgan Smartretirement*PairCorr
  0.89JRBYX Jpmorgan Smartretirement*PairCorr
  0.91JSERX Jpmorgan Small CapPairCorr
  0.88JBYSX Jpmorgan Smartretirement*PairCorr
  0.9JTSQX Jp Morgan SmartretirementPairCorr
  0.89JTYBX Jpmorgan Smartretirement*PairCorr
  0.91JCICX Jpmorgan Intrepid GrowthPairCorr
  0.92OGGFX Jpmorgan Small CapPairCorr
  0.96JUSPX Jpmorgan Small PanyPairCorr
  0.95JVACX Jpmorgan Value AdvantagePairCorr
  0.94OIEIX Jpmorgan Equity IncomePairCorr
  0.79JYHRX Jpmorgan High YieldPairCorr
  0.93JIGAX Jpmorgan Intrepid GrowthPairCorr
  0.93JIGZX Jpmorgan Intrepid GrowthPairCorr
  0.97OLVCX Jpmorgan Large CapPairCorr
  0.94UBVCX Undiscovered ManagersPairCorr
  0.94UBVAX Undiscovered ManagersPairCorr
  0.95UBVLX Undiscovered ManagersPairCorr
  0.87UBVSX Undiscovered ManagersPairCorr
  0.87JIYBX Jpmorgan Smartretirement*PairCorr
  0.85ONCFX Jpmorgan InvestorPairCorr
  0.96PSOPX Jpmorgan Small CapPairCorr
  0.97JLPSX Jpmorgan Large CapPairCorr
  0.89JMGPX Jpmorgan Mid CapPairCorr
  0.95JMUEX Jpmorgan EquityPairCorr

Moving against Jpmorgan Mutual Fund

  0.57HLLVX Jpmorgan Short DurationPairCorr
  0.42JGBZX Jpmorgan Government BondPairCorr
  0.31JSORX Jpmorgan Strategic IncomePairCorr
  0.31JSOZX Jpmorgan Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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