Jpmorgan Global Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Global Allocation
GAOSX Fund  USD 20.43  0.13  0.64%   
The current 90-days correlation between Jpmorgan Global Allo and Sierra E Retirement is 0.82 (i.e., Very poor diversification). The correlation of Jpmorgan Global 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 Global Correlation With Market

Poor diversification

The correlation between Jpmorgan Global Allocation and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Global Allocation. 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

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.88SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.87SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.88SRJAX Jpmorgan SmartretirementPairCorr
  0.86JPBRX Jpmorgan SmartretirementPairCorr
  0.69JPDAX Jpmorgan Preferred AndPairCorr
  0.64JPDIX Jpmorgan Preferred AndPairCorr
  0.67JPDRX Jpmorgan Preferred AndPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.66OSTAX Jpmorgan Short InterPairCorr
  0.67OSTSX Jpmorgan Short InterPairCorr
  0.62OBBCX Jpmorgan MortgagePairCorr
  0.71JPICX Jpmorgan California TaxPairCorr
  0.63OBDCX Jpmorgan E PlusPairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.76JPTBX Jpmorgan SmartretirementPairCorr
  0.87JPTKX Jpmorgan SmartretirementPairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.87JPSRX Jpmorgan SmartretirementPairCorr
  0.66JPVRX Jpmorgan InternationalPairCorr
  0.65JPVZX Jpmorgan InternationalPairCorr
  0.86JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Global 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 Global'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.

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