JPMorgan BetaBuilders Correlations

BBEU Etf

USD 62.78 0.24 0.38%

The current 90-days correlation between JPMorgan BetaBuilders and JPMorgan BetaBuilders Japan is 0.74 (i.e., Poor diversification). The correlation of JPMorgan BetaBuilders 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 BetaBuilders Correlation With Market

Very weak diversification

The correlation between JPMorgan BetaBuilders Europe and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan BetaBuilders Europe and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in JPMorgan BetaBuilders Europe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with JPMorgan Etf

1.0	VGK	Vanguard FTSE Europe	Pair Corr
1.0	EZU	iShares MSCI Eurozone	Pair Corr
1.0	IEUR	iShares Core MSCI	Pair Corr
1.0	FEZ	SPDR EURO STOXX Sell-off Trend	Pair Corr
1.0	IEV	iShares Europe ETF	Pair Corr
0.96	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.95	DBEU	Xtrackers MSCI Europe	Pair Corr
0.97	HEZU	iShares Currency Hedged	Pair Corr
0.98	FEP	First Trust Europe	Pair Corr
0.96	IGA	Voya Global Advantage	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.72	CVX	Chevron Corp	Pair Corr
0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.91	VZ	Verizon Communications Aggressive Push	Pair Corr
0.82	MMM	3M Company	Pair Corr
0.95	JNJ	Johnson Johnson	Pair Corr
0.66	INTC	Intel	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.94	T	ATT Inc Aggressive Push	Pair Corr
0.79	IBM	International Business	Pair Corr
0.89	KO	Coca Cola Aggressive Push	Pair Corr

Moving against JPMorgan Etf

0.78	MAGS	Roundhill Magnificent	Pair Corr
0.68	SEMI	Columbia Seligman	Pair Corr
0.37	PXMV	Invesco SP MidCap	Pair Corr
0.61	HPQ	HP Inc Sell-off Trend	Pair Corr
0.6	MRK	Merck Company	Pair Corr
0.6	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	BBJP	BBAX	BBCA	CUSUX	CIUEX
BBJP		0.51	0.44	-0.33	0.91	BBJP
BBAX	0.51		0.86	0.52	0.53	BBAX
BBCA	0.44	0.86		0.64	0.35	BBCA
CUSUX	-0.33	0.52	0.64		-0.38	CUSUX
CIUEX	0.91	0.53	0.35	-0.38		CIUEX
	BBJP	BBAX	BBCA	CUSUX	CIUEX

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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

CIUEX	+ 0.91	BBJP
BBCA	+ 0.86	BBAX
CUSUX	+ 0.64	BBCA
CIUEX	+ 0.53	BBAX
CUSUX	+ 0.52	BBAX
BBAX	+ 0.51	BBJP

High negative correlations

CIUEX	- 0.38	CUSUX
CUSUX	- 0.33	BBJP

JPMorgan BetaBuilders Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan BetaBuilders ETF 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 BetaBuilders' 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBJP	0.78	0.10	0.11	0.14	0.78	(0.90)	1.70	(1.36)	4.20
BBAX	0.67	0.02	0.03	0.03	0.76	(0.72)	1.46	(1.31)	3.98
BBCA	0.74	0.06	0.06	0.07	0.90	(0.73)	1.78	(1.60)	4.00
CUSUX	0.78	(0.04)	0.00	(0.04)	0.00	0.00	1.61	(1.75)	5.11
CIUEX	0.72	0.15	0.16	0.25	0.75	(0.80)	1.50	(1.33)	5.31

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