Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKZX Fund  USD 22.69  0.18  0.79%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.17 (i.e., Average 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.
  
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

  0.74SRJIX Jpmorgan SmartretirementPairCorr
  0.74SRJQX Jpmorgan SmartretirementPairCorr
  0.74SRJPX Jpmorgan SmartretirementPairCorr
  0.74SRJSX Jpmorgan SmartretirementPairCorr
  0.86SRJYX Jpmorgan SmartretirementPairCorr
  0.73SRJZX Jpmorgan SmartretirementPairCorr
  0.73SRJCX Jpmorgan SmartretirementPairCorr
  0.74SRJAX Jpmorgan SmartretirementPairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.72JPDIX Jpmorgan Preferred AndPairCorr
  0.77JPDVX Jpmorgan DiversifiedPairCorr
  0.73JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.63JPIVX Jpmorgan Intrepid ValuePairCorr
  0.74JPYRX Jpmorgan SmartretirementPairCorr
  0.78OCGCX Jpmorgan InvestorPairCorr
  0.67TXRCX Jpmorgan Tax AwarePairCorr
  0.74JRBYX Jpmorgan Smartretirement*PairCorr
  0.84JAABX Jpmorgan SmartretirementPairCorr
  0.89JAKAX Jpmorgan SmartretirementPairCorr
  0.75JAKPX Jpmorgan SmartretirementPairCorr
  0.7JSISX Jpmorgan UnconstrainedPairCorr
  0.81JSRAX Jpmorgan SmartretirementPairCorr
  0.73JSTLX Jpmorgan SmartretirementPairCorr
  0.82JSTKX Jpmorgan SmartretirementPairCorr
  0.72JSYRX Jpmorgan SmartretirementPairCorr
  0.72JBSRX Jpmorgan SmartretirementPairCorr
  0.73JBTUX Jpmorgan SmartretirementPairCorr
  0.82JBYSX Jpmorgan Smartretirement*PairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.45 (0.10) 0.00 (0.65) 0.00 
 0.00 
 0.71 
(1.05)
 3.96 
SRJQX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.82 
SRJPX  0.44 (0.09) 0.00 (0.65) 0.00 
 0.00 
 0.67 
(1.07)
 3.49 
SRJSX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.72 
SRJYX  0.45 (0.12) 0.00 (0.53) 0.00 
 0.00 
 0.62 
(1.10)
 4.00 
SRJZX  0.44 (0.09) 0.00 (0.64) 0.00 
 0.00 
 0.72 
(1.12)
 3.29 
SRJCX  0.44 (0.09) 0.00 (0.63) 0.00 
 0.00 
 0.67 
(1.08)
 3.13 
SRJAX  0.45 (0.10) 0.00 (0.63) 0.00 
 0.00 
 0.66 
(1.06)
 3.61 
OSGCX  0.95  0.06  0.04  0.19  1.24 
(0.96)
 1.88 
(1.67)
 8.87 
OSGIX  0.98 (0.01)(0.01)(0.01) 2.02 
(0.89)
 1.58 
(1.75)
 11.84 

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