JPMorgan BetaBuilders Correlations
| JAGG Etf | USD 45.83 0.04 0.09% |
The correlation of JPMorgan BetaBuilders 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.
JPMorgan BetaBuilders Correlation With Market
Good diversification
The correlation between JPMorgan BetaBuilders Aggregat and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan BetaBuilders Aggregat and DJI in the same portfolio, assuming nothing else is changed.
JPMorgan |
Moving together with JPMorgan Etf
| 0.96 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.96 | AGG | iShares Core Aggregate Sell-off Trend | PairCorr |
| 0.99 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
| 1.0 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.96 | EAGG | iShares ESG Aggregate | PairCorr |
| 0.95 | FLCB | Franklin Templeton ETF | PairCorr |
| 0.96 | UITB | VictoryShares USAA Core | PairCorr |
| 0.96 | DFCF | Dimensional ETF Trust | PairCorr |
| 0.95 | AGGY | WisdomTree Yield Enhanced | PairCorr |
| 0.89 | BABX | GraniteShares 175x Long Potential Growth | PairCorr |
| 0.77 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.9 | XPP | ProShares Ultra FTSE | PairCorr |
| 0.76 | JNUG | Direxion Daily Junior | PairCorr |
| 0.89 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.8 | MCD | McDonalds | PairCorr |
| 0.93 | JNJ | Johnson Johnson | PairCorr |
| 0.91 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | GE | GE Aerospace | PairCorr |
| 0.7 | PG | Procter Gamble | PairCorr |
Moving against JPMorgan Etf
| 0.81 | MSFT | Microsoft | PairCorr |
| 0.8 | AA | Alcoa Corp | PairCorr |
| 0.69 | CAT | Caterpillar | PairCorr |
| 0.61 | AXP | American Express | PairCorr |
| 0.52 | DIS | Walt Disney | PairCorr |
| 0.52 | MRK | Merck Company | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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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JPMorgan BetaBuilders Constituents Risk-Adjusted Indicators
There is a big difference between JPMorgan Etf performing well and JPMorgan BetaBuilders ETF 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 BetaBuilders' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JPEIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JPMIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JPUHF | 0.07 | 0.01 | 0.12 | (0.24) | 0.00 | 0.32 | 0.85 | |||
| AMJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JREGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JFT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JIREF | 0.19 | 0.01 | 0.13 | (0.29) | 0.18 | 0.43 | 1.11 | |||
| PPLN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAGG | 0.23 | 0.02 | 0.16 | (0.48) | 0.19 | 0.58 | 1.34 |