Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKAX Fund  USD 23.33  0.30  1.27%   
The current 90-days correlation between Jpmorgan Smartretirement and Allianzgi Health Sciences is 0.45 (i.e., Very weak diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Very weak diversification

The correlation between Jpmorgan Smartretirement 2060 and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2060 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 Smartretirement 2060. 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

  0.96SRJIX Jpmorgan SmartretirementPairCorr
  0.95SRJQX Jpmorgan SmartretirementPairCorr
  0.95SRJPX Jpmorgan SmartretirementPairCorr
  0.96SRJSX Jpmorgan SmartretirementPairCorr
  0.96SRJYX Jpmorgan SmartretirementPairCorr
  0.95SRJZX Jpmorgan SmartretirementPairCorr
  0.95SRJCX Jpmorgan SmartretirementPairCorr
  0.95SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGCX Jpmorgan Small CapPairCorr
  0.7OSGIX Jpmorgan Mid CapPairCorr
  0.95JPBRX Jpmorgan Smartretirement*PairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.66JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.73OSTAX Jpmorgan Short-intermediaPairCorr
  0.73JPIVX Jpmorgan Intrepid ValuePairCorr
  0.71OSTSX Jpmorgan Short-intermediaPairCorr
  0.73OBBCX Jpmorgan Mortgage-backedPairCorr
  0.69JPICX Jpmorgan California TaxPairCorr
  0.75OBDCX Jpmorgan E PlusPairCorr
  0.72JPPEX Jpmorgan Mid CapPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.95JPTBX Jpmorgan Smartretirement*PairCorr
  0.95JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan Smartretirement*PairCorr
  0.95JPSRX Jpmorgan Smartretirement*PairCorr
  0.72OBOCX Jpmorgan E BondPairCorr
  0.95JPYRX 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 Smartretirement 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 Smartretirement'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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