Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKAX Fund  USD 23.02  0.03  0.13%   
The current 90-days correlation between Jpmorgan Smartretirement and Qs Defensive Growth is -0.1 (i.e., Good 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

Good diversification

The correlation between Jpmorgan Smartretirement 2060 and DJI is -0.13 (i.e., Good 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

  0.87SRJIX Jpmorgan SmartretirementPairCorr
  0.87SRJQX Jpmorgan SmartretirementPairCorr
  0.87SRJPX Jpmorgan SmartretirementPairCorr
  0.87SRJSX Jpmorgan SmartretirementPairCorr
  0.87SRJYX Jpmorgan SmartretirementPairCorr
  0.87SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.63OSGIX Jpmorgan Mid CapPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.64JPHAX Jpmorgan Floating RatePairCorr
  0.61JPHCX Jpmorgan Floating RatePairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.77JPHRX Jpmorgan Floating RatePairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.66OCGCX Jpmorgan InvestorPairCorr
  0.82JRBYX Jpmorgan Smartretirement*PairCorr
  0.82JRBBX Jpmorgan Smartretirement*PairCorr
  0.82JRBEX Jpmorgan Smartretirement*PairCorr
  0.88JAAYX Jpmorgan SmartretirementPairCorr
  0.88JAABX Jpmorgan SmartretirementPairCorr
  0.99JAKZX Jpmorgan SmartretirementPairCorr
  1.0JAKYX Jpmorgan SmartretirementPairCorr
  0.88JAKSX Jpmorgan SmartretirementPairCorr
  0.88JSAQX Jpmorgan SmartretirementPairCorr
  0.88JSAPX Jpmorgan SmartretirementPairCorr
  0.88JSASX Jpmorgan SmartretirementPairCorr
  0.88JSAYX Jpmorgan SmartretirementPairCorr
  0.78JAMCX 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 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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