Jpmorgan Trust Correlations
| EMREX Fund | USD 17.35 0.08 0.46% |
The current 90-days correlation between Jpmorgan Trust Iv and Advent Claymore Convertible is 0.67 (i.e., Poor diversification). The correlation of Jpmorgan Trust 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 Trust Correlation With Market
Weak diversification
The correlation between Jpmorgan Trust Iv and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Trust Iv and DJI in the same portfolio, assuming nothing else is changed.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
| 0.83 | JPDAX | Jpmorgan Preferred And | PairCorr |
| 0.83 | JPDCX | Jpmorgan Preferred And | PairCorr |
| 0.84 | JPDIX | Jpmorgan Preferred And | PairCorr |
| 0.84 | JPDRX | Jpmorgan Preferred And | PairCorr |
| 0.76 | OSTCX | Jpmorgan Short Duration | PairCorr |
| 0.77 | OBBCX | Jpmorgan Mortgage-backed | PairCorr |
| 0.79 | OBDCX | Jpmorgan E Plus | PairCorr |
| 0.9 | JPVZX | Jpmorgan International | PairCorr |
| 0.77 | OBOCX | Jpmorgan E Bond | PairCorr |
| 1.0 | EMRSX | Jpmorgan Emerging Markets | PairCorr |
| 0.78 | PGBOX | Jpmorgan E Bond | PairCorr |
| 0.71 | OCGCX | Jpmorgan Investor | PairCorr |
Moving against Jpmorgan Mutual Fund
| 0.44 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |
| 0.43 | OSGCX | Jpmorgan Small Cap | PairCorr |
| 0.39 | OSVCX | Jpmorgan Small Cap | PairCorr |
| 0.34 | OSGIX | Jpmorgan Mid Cap | PairCorr |
| 0.43 | PGSGX | Jpmorgan Small Cap | PairCorr |
Related Correlations Analysis
| 0.96 | 0.96 | -0.5 | 0.83 | XAVKX | ||
| 0.96 | 0.93 | -0.54 | 0.83 | NCIDX | ||
| 0.96 | 0.93 | -0.42 | 0.79 | PBXIX | ||
| -0.5 | -0.54 | -0.42 | -0.75 | FSAWX | ||
| 0.83 | 0.83 | 0.79 | -0.75 | CCD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Trust 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 Trust'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XAVKX | 0.53 | (0.04) | 0.00 | (0.17) | 0.00 | 0.90 | 2.56 | |||
| NCIDX | 0.59 | (0.04) | 0.00 | (0.14) | 0.00 | 1.03 | 3.23 | |||
| PBXIX | 0.43 | (0.03) | 0.00 | (0.14) | 0.00 | 0.81 | 2.66 | |||
| FSAWX | 0.08 | 0.04 | 1.09 | (1.82) | 0.00 | 0.19 | 0.38 | |||
| CCD | 0.77 | (0.08) | 0.00 | (0.26) | 0.00 | 1.41 | 7.13 |