Jpmorgan Mid Correlations

Mutual Funds USA . 
Fund . Jpmorgan Mid Cap
FLMVX Fund  USD 37.20  0.28  0.76%   
The current 90-days correlation between Jpmorgan Mid Cap and Jpmorgan Smartretirement 2035 is 0.48 (i.e., Very weak diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid Cap. 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 real.

Moving together with Jpmorgan Mutual Fund

  0.76SRJIX Jpmorgan SmartretirementPairCorr
  0.64SRJQX Jpmorgan SmartretirementPairCorr
  0.64SRJPX Jpmorgan SmartretirementPairCorr
  0.76SRJSX Jpmorgan SmartretirementPairCorr
  0.64SRJYX Jpmorgan SmartretirementPairCorr
  0.76SRJZX Jpmorgan SmartretirementPairCorr
  0.65SRJCX Jpmorgan SmartretirementPairCorr
  0.76SRJAX Jpmorgan SmartretirementPairCorr
  0.78OSGIX Jpmorgan Mid CapPairCorr
  0.68JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPIVX Jpmorgan Intrepid ValuePairCorr
  0.96OSVCX Jpmorgan Small CapPairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Mid 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 Mid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.81 
(0.80)
 3.13 
SRJQX  0.40 (0.05) 0.00 (0.43) 0.00 
 0.00 
 0.81 
(0.80)
 3.13 
SRJPX  0.40 (0.05) 0.00 (0.47) 0.00 
 0.00 
 0.83 
(0.81)
 3.09 
SRJSX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.85 
(0.80)
 3.09 
SRJYX  0.40 (0.05) 0.00 (0.48) 0.00 
 0.00 
 0.85 
(0.80)
 3.08 
SRJZX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.83 
(0.77)
 3.09 
SRJCX  0.40 (0.05) 0.00 (0.50) 0.00 
 0.00 
 0.84 
(0.82)
 3.13 
SRJAX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.82 
(0.81)
 3.12 
OSGCX  0.92  0.00 (0.02) 0.05  1.22 
(0.94)
 1.78 
(1.67)
 8.87 
OSGIX  0.93 (0.05)(0.02) 0.00  2.00 
(0.84)
 1.55 
(1.75)
 11.84 

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