Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2035
SRJAX Fund  USD 21.06  0.01  0.05%   
The current 90-days correlation between Jpmorgan Smartretirement and Columbia Global Technology is 0.86 (i.e., Very poor diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement 2035 and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2035 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Jpmorgan Smartretirement 2035. 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 nation.

Moving together with Jpmorgan 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
  0.78OSGCX Jpmorgan Small CapPairCorr
  0.86OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.87JPDAX Jpmorgan Preferred AndPairCorr
  0.86JPDIX Jpmorgan Preferred AndPairCorr
  0.87JPDRX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.79JPHAX Jpmorgan Floating RatePairCorr
  0.8JPHCX Jpmorgan Floating RatePairCorr
  0.92JPIVX Jpmorgan Intrepid ValuePairCorr
  0.82OSVCX Jpmorgan Small CapPairCorr
  0.8JPHSX Jpmorgan Floating RatePairCorr
  0.8JPHRX Jpmorgan Floating RatePairCorr
  0.9JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  0.99JPTBX Jpmorgan SmartretirementPairCorr
  1.0JPTKX Jpmorgan SmartretirementPairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan SmartretirementPairCorr
  0.73JPVRX Jpmorgan InternationalPairCorr
  0.71JPVZX Jpmorgan InternationalPairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.81EMREX Jpmorgan Trust IvPairCorr
  0.81EMRSX Jpmorgan Emerging MarketsPairCorr

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 Smartretirement 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 Smartretirement'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY