JP Morgan Correlations

BLLD Etf

USD 48.77 0.17 0.35%

The current 90-days correlation between JP Morgan Exchange and Strategy Shares is -0.02 (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.

JP Morgan Correlation With Market

Good diversification

The correlation between JP Morgan Exchange Traded and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JP Morgan Exchange Traded 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 JP Morgan Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with BLLD Etf

0.8	NFRA	FlexShares STOXX Global	Pair Corr
0.73	TOLZ	ProShares DJ Brookfield	Pair Corr
0.84	INFR	ClearBridge Sustainable	Pair Corr
0.79	BABX	GraniteShares 175x Long	Pair Corr
0.68	GDXU	MicroSectors Gold Miners	Pair Corr
0.82	XPP	ProShares Ultra FTSE	Pair Corr
0.68	JNUG	Direxion Daily Junior	Pair Corr
0.86	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.8	T	ATT Inc Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.76	KO	Coca Cola Sell-off Trend	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.61	INTC	Intel Sell-off Trend	Pair Corr
0.66	PG	Procter Gamble	Pair Corr

Moving against BLLD Etf

0.72	SIMS	SPDR SP Kensho	Pair Corr
0.66	XKII	SPDR Kensho Intelligent	Pair Corr
0.62	PAVE	Global X Infrastructure	Pair Corr
0.39	IFRA	iShares Infrastructure	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.52	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.13	-0.08	-0.04	0.1	-0.01	-0.11	-0.05	-0.09	DHSB
MBOX	-0.13		0.34	0.16	-0.29	0.4	0.93	0.37	0.84	MBOX
DIEM	-0.08	0.34		0.87	0.15	-0.41	0.51	0.78	0.64	DIEM
MCHI	-0.04	0.16	0.87		0.48	-0.55	0.45	0.92	0.6	MCHI
DIPS	0.1	-0.29	0.15	0.48		-0.54	-0.03	0.54	0.09	DIPS
DISO	-0.01	0.4	-0.41	-0.55	-0.54		0.26	-0.52	0.04	DISO
DIVB	-0.11	0.93	0.51	0.45	-0.03	0.26		0.62	0.95	DIVB
DIVD	-0.05	0.37	0.78	0.92	0.54	-0.52	0.62		0.75	DIVD
DIVG	-0.09	0.84	0.64	0.6	0.09	0.04	0.95	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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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

DIVG	+ 0.95	DIVB
DIVB	+ 0.93	MBOX
DIVD	+ 0.92	MCHI
MCHI	+ 0.87	DIEM
DIVG	+ 0.84	MBOX
DIVD	+ 0.78	DIEM

High negative correlations

DISO	- 0.55	MCHI
DISO	- 0.54	DIPS
DIVD	- 0.52	DISO
DISO	- 0.41	DIEM
DIPS	- 0.29	MBOX
MBOX	- 0.13	DHSB

JP Morgan Constituents Risk-Adjusted Indicators

There is a big difference between BLLD Etf performing well and JP Morgan 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHSB	0.37	(0.06)	0.00	(0.20)	0.00	0.00	0.82	(0.74)	1.68
MBOX	0.70	(0.02)	0.00	(0.02)	0.00	0.00	1.27	(1.40)	3.06
DIEM	0.69	0.03	0.03	0.06	0.88	(0.73)	1.43	(1.89)	4.39
MCHI	1.36	0.23	0.15	0.56	1.44	(1.60)	2.63	(2.72)	7.91
DIPS	2.25	0.10	0.03	(0.08)	2.68	(2.50)	5.35	(4.43)	23.78
DISO	0.90	(0.13)	0.00	(0.17)	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.66	0.01	0.01	0.02	0.87	(0.66)	1.16	(1.40)	3.13
DIVD	0.58	0.12	0.17	0.24	0.62	(0.67)	1.39	(0.95)	3.39
DIVG	0.60	0.01	0.02	0.03	0.76	(0.63)	1.20	(1.18)	3.06

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