Jpmorgan Emerging Correlations

EMRSX Fund

USD 17.18 0.11 0.64%

The current 90-days correlation between Jpmorgan Emerging Markets and Transamerica Financial Life is -0.04 (i.e., Good diversification). The correlation of Jpmorgan Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Jpmorgan Emerging Markets and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Jpmorgan Emerging Markets. 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 state.

Moving together with Jpmorgan Mutual Fund

0.82	JPDAX	Jpmorgan Preferred And	Pair Corr
0.84	JPDCX	Jpmorgan Preferred And	Pair Corr
0.84	JPDIX	Jpmorgan Preferred And	Pair Corr
0.84	JPDRX	Jpmorgan Preferred And	Pair Corr
0.78	OSTCX	Jpmorgan Short Duration	Pair Corr
0.78	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.8	OBDCX	Jpmorgan E Plus	Pair Corr
0.91	JPVZX	Jpmorgan International	Pair Corr
0.79	OBOCX	Jpmorgan E Bond	Pair Corr
1.0	EMREX	Jpmorgan Trust Iv	Pair Corr
0.79	PGBOX	Jpmorgan E Bond	Pair Corr
0.75	OCGCX	Jpmorgan Investor	Pair Corr

Moving against Jpmorgan Mutual Fund

0.47	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.46	OSGCX	Jpmorgan Small Cap	Pair Corr
0.43	OSVCX	Jpmorgan Small Cap	Pair Corr
0.37	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.36	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.32	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.46	PGSGX	Jpmorgan Small Cap	Pair Corr

Related Correlations Analysis

	IAAEX	BPSCX	ARSVX	AOPAX	LVAQX	FCPVX	SHPSX
IAAEX		0.24	0.3	0.06	0.4	0.21	-0.24	IAAEX
BPSCX	0.24		0.9	-0.24	0.94	0.96	-0.93	BPSCX
ARSVX	0.3	0.9		-0.36	0.9	0.95	-0.89	ARSVX
AOPAX	0.06	-0.24	-0.36		-0.38	-0.35	0.43	AOPAX
LVAQX	0.4	0.94	0.9	-0.38		0.95	-0.95	LVAQX
FCPVX	0.21	0.96	0.95	-0.35	0.95		-0.95	FCPVX
SHPSX	-0.24	-0.93	-0.89	0.43	-0.95	-0.95		SHPSX
	IAAEX	BPSCX	ARSVX	AOPAX	LVAQX	FCPVX	SHPSX

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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

FCPVX	+ 0.96	BPSCX
FCPVX	+ 0.95	ARSVX
FCPVX	+ 0.95	LVAQX
LVAQX	+ 0.94	BPSCX
ARSVX	+ 0.9	BPSCX
LVAQX	+ 0.9	ARSVX

High negative correlations

SHPSX	- 0.95	FCPVX
SHPSX	- 0.95	LVAQX
SHPSX	- 0.93	BPSCX
SHPSX	- 0.89	ARSVX
LVAQX	- 0.38	AOPAX
AOPAX	- 0.36	ARSVX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Emerging 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 Emerging'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
IAAEX	0.81	(0.12)	0.00	1.00	0.00	0.00	1.41	(1.48)	9.17
BPSCX	0.84	(0.10)	0.00	(0.10)	0.00	0.00	1.61	(2.10)	4.06
ARSVX	0.71	(0.07)	0.00	0.62	0.00	0.00	1.47	(1.52)	3.39
AOPAX	0.46	0.04	0.06	0.11	0.63	(0.49)	1.15	(1.14)	3.90
LVAQX	0.85	(0.15)	0.00	(0.16)	0.00	0.00	1.58	(1.87)	3.75
FCPVX	0.88	(0.12)	0.00	(0.11)	0.00	0.00	1.70	(2.21)	4.29
SHPSX	1.02	0.18	0.15	(0.16)	1.05	(1.18)	2.75	(1.79)	7.00

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