Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKCX Fund  USD 22.70  0.23  1.00%   
The current 90-days correlation between Jpmorgan Smartretirement and T Rowe Price 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

Very poor diversification

The correlation between Jpmorgan Smartretirement 2060 and DJI is 0.82 (i.e., Very poor 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.7OSGIX Jpmorgan Mid CapPairCorr
  0.82JPDVX Jpmorgan DiversifiedPairCorr
  0.68JPHAX Jpmorgan Floating RatePairCorr
  0.63JPHCX Jpmorgan Floating RatePairCorr
  0.93JPIVX Jpmorgan Intrepid ValuePairCorr
  0.76JPHRX Jpmorgan Floating RatePairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.74OCGCX Jpmorgan InvestorPairCorr
  0.63PGSGX Jpmorgan Small CapPairCorr
  0.91JRBYX Jpmorgan Smartretirement*PairCorr
  0.92JRBBX Jpmorgan Smartretirement*PairCorr
  0.92JRBEX Jpmorgan Smartretirement*PairCorr
  1.0JAAYX Jpmorgan SmartretirementPairCorr
  1.0JAABX Jpmorgan SmartretirementPairCorr
  1.0JAKZX Jpmorgan SmartretirementPairCorr
  1.0JAKYX Jpmorgan SmartretirementPairCorr
  1.0JAKSX Jpmorgan SmartretirementPairCorr
  1.0JSAQX Jpmorgan SmartretirementPairCorr
  1.0JSAPX 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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