Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKQX Fund  USD 23.04  0.03  0.13%   
The current 90-days correlation between Jpmorgan Smartretirement and Vy Goldman Sachs is -0.08 (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

Poor diversification

The correlation between Jpmorgan Smartretirement 2060 and DJI is 0.76 (i.e., 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.86SRJAX Jpmorgan SmartretirementPairCorr
  0.71OSGIX Jpmorgan Mid CapPairCorr
  0.83JPDVX Jpmorgan DiversifiedPairCorr
  0.64JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.66JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.85JPRRX Jpmorgan SmartretirementPairCorr
  0.74OCGCX Jpmorgan InvestorPairCorr
  0.64PGSGX Jpmorgan Small CapPairCorr
  0.92JRBYX Jpmorgan Smartretirement*PairCorr
  0.92JRBBX Jpmorgan Smartretirement*PairCorr
  0.93JRBEX Jpmorgan Smartretirement*PairCorr
  1.0JAAYX Jpmorgan SmartretirementPairCorr
  1.0JAABX Jpmorgan SmartretirementPairCorr
  0.89JAKZX Jpmorgan SmartretirementPairCorr
  1.0JAKSX Jpmorgan SmartretirementPairCorr
  1.0JSAQX Jpmorgan SmartretirementPairCorr
  1.0JSAPX Jpmorgan SmartretirementPairCorr
  1.0JSASX Jpmorgan SmartretirementPairCorr
  1.0JSAYX 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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