Jpmorgan Smartretirement Correlations

JAKIX Fund  USD 23.42  0.30  1.26%   
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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.96SRJIX Jpmorgan SmartretirementPairCorr
  0.95SRJQX Jpmorgan SmartretirementPairCorr
  0.95SRJPX Jpmorgan SmartretirementPairCorr
  0.95SRJSX Jpmorgan SmartretirementPairCorr
  0.95SRJYX Jpmorgan SmartretirementPairCorr
  0.94SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  0.95SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGCX Jpmorgan Small CapPairCorr
  0.69OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan Smartretirement*PairCorr
  0.64JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDCX Jpmorgan Preferred AndPairCorr
  0.65JPDIX Jpmorgan Preferred AndPairCorr
  0.62JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.65JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.74OSTAX Jpmorgan Short-intermediaPairCorr
  0.72JPIVX Jpmorgan Intrepid ValuePairCorr
  0.72OSTSX Jpmorgan Short-intermediaPairCorr
  0.73OBBCX Jpmorgan Mortgage-backedPairCorr
  0.68JPICX Jpmorgan California TaxPairCorr
  0.77OBDCX Jpmorgan E PlusPairCorr
  0.71JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.96JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan Smartretirement*PairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.74OBOCX Jpmorgan E BondPairCorr
  0.96JPYRX Jpmorgan SmartretirementPairCorr
  0.71EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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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   
FIDSXFAFSX
FIDAXRMBLX
FIDSXRMBLX
FAFSXBTO
FAFSXRMBLX
FIDAXFAFSX
  
High negative correlations   
FIDAXFTIXX
FIDSXFTIXX
SBFAXFTIXX
FAFSXFTIXX
BTOFTIXX
RMBLXFTIXX

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.