Jpmorgan Government Correlations

HLGAX Fund

USD 9.39 0.01 0.11%

The current 90-days correlation between Jpmorgan Government Bond and Inverse Government Long is 0.2 (i.e., Modest diversification). The correlation of Jpmorgan Government 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 Government Correlation With Market

Average diversification

The correlation between Jpmorgan Government Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Government Bond 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 Government Bond. 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 nation.

Moving together with Jpmorgan Mutual Fund

0.62	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.61	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.64	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.65	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.77	JPDAX	Jpmorgan Preferred And	Pair Corr
0.77	JPDIX	Jpmorgan Preferred And	Pair Corr
0.76	JPDRX	Jpmorgan Preferred And	Pair Corr
0.66	JPDVX	Jpmorgan Diversified	Pair Corr
0.9	OSTAX	Jpmorgan Short Inter	Pair Corr
0.83	OSTCX	Jpmorgan Short Duration	Pair Corr
0.81	OSTSX	Jpmorgan Short-intermedia	Pair Corr
0.99	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.86	JPICX	Jpmorgan California Tax	Pair Corr
0.93	OBDCX	Jpmorgan E Plus	Pair Corr
0.8	JPVRX	Jpmorgan International	Pair Corr
0.81	JPVZX	Jpmorgan International	Pair Corr
0.99	OBOCX	Jpmorgan E Bond	Pair Corr
0.74	EMREX	Jpmorgan Trust Iv	Pair Corr
0.74	EMRSX	Jpmorgan Emerging Markets	Pair Corr

Related Correlations Analysis

	RYAQX	FCSCX	SSAGX	TWACX	PBMXX	DNCGX	PYUSX	LCCXX
RYAQX		-0.42	-0.05	-0.43	0.0	-0.3	-0.46	0.0	RYAQX
FCSCX	-0.42		0.4	0.64	0.0	0.62	0.74	0.0	FCSCX
SSAGX	-0.05	0.4		-0.28	0.0	-0.07	-0.17	0.0	SSAGX
TWACX	-0.43	0.64	-0.28		0.0	0.8	0.9	0.0	TWACX
PBMXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PBMXX
DNCGX	-0.3	0.62	-0.07	0.8	0.0		0.86	0.0	DNCGX
PYUSX	-0.46	0.74	-0.17	0.9	0.0	0.86		0.0	PYUSX
LCCXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LCCXX
	RYAQX	FCSCX	SSAGX	TWACX	PBMXX	DNCGX	PYUSX	LCCXX

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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

PYUSX	+ 0.9	TWACX
PYUSX	+ 0.86	DNCGX
DNCGX	+ 0.8	TWACX
PYUSX	+ 0.74	FCSCX
TWACX	+ 0.64	FCSCX
DNCGX	+ 0.62	FCSCX

High negative correlations

PYUSX	- 0.46	RYAQX
TWACX	- 0.43	RYAQX
FCSCX	- 0.42	RYAQX
DNCGX	- 0.3	RYAQX
TWACX	- 0.28	SSAGX
PYUSX	- 0.17	SSAGX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Government 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 Government'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
RYAQX	0.73	0.05	0.02	(1.76)	1.32	(0.81)	1.52	(1.27)	9.56
FCSCX	0.04	(0.02)	0.00	2.63	0.00	0.00	0.13	(0.13)	0.53
SSAGX	0.03	(0.01)	(0.19)	2.72	0.00	(0.15)	0.10	(0.10)	0.51
TWACX	0.07	(0.03)	0.00	(1.52)	0.00	0.00	0.11	(0.11)	0.45
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DNCGX	0.22	(0.06)	0.00	(1.64)	0.00	0.00	0.40	(0.48)	1.20
PYUSX	0.11	(0.03)	0.00	2.99	0.00	0.00	0.21	(0.21)	0.64
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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