Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JATQX Fund  USD 26.03  0.20  0.76%   
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.

Jpmorgan Smartretirement Correlation With Market

Modest diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.8SRJPX Jpmorgan SmartretirementPairCorr
  0.78SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.78SRJZX Jpmorgan SmartretirementPairCorr
  0.78SRJCX Jpmorgan SmartretirementPairCorr
  0.78SRJAX Jpmorgan SmartretirementPairCorr
  0.68OSGCX Jpmorgan Small CapPairCorr
  0.74OSGIX Jpmorgan Mid CapPairCorr
  0.88JPBRX Jpmorgan Smartretirement*PairCorr
  0.64JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.91JPDVX Jpmorgan DiversifiedPairCorr
  0.81JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.66JPHAX Jpmorgan Floating RatePairCorr
  0.64JPHCX Jpmorgan Floating RatePairCorr
  0.65OSTAX Jpmorgan Short-intermediaPairCorr
  0.65OSVCX Jpmorgan Small CapPairCorr
  0.65JPHSX Jpmorgan Floating RatePairCorr
  0.62JPHRX Jpmorgan Floating RatePairCorr
  0.69JPICX Jpmorgan California TaxPairCorr
  0.75JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.91JPTBX Jpmorgan Smartretirement*PairCorr
  0.88JPTKX Jpmorgan Smartretirement*PairCorr
  0.88JPTLX Jpmorgan Smartretirement*PairCorr
  0.91JPSRX Jpmorgan Smartretirement*PairCorr
  0.66OBOCX Jpmorgan E BondPairCorr
  0.86JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.46 (0.10) 0.00 (0.47) 0.00 
 0.00 
 0.71 
(1.05)
 3.96 
SRJQX  0.48 (0.10) 0.00 (0.47) 0.00 
 0.00 
 0.71 
(1.05)
 3.82 
SRJPX  0.47 (0.10) 0.00 (0.48) 0.00 
 0.00 
 0.67 
(1.07)
 3.49 
SRJSX  0.46 (0.11) 0.00 (0.75) 0.00 
 0.00 
 0.71 
(1.05)
 3.72 
SRJYX  0.48 (0.11) 0.00 (0.51) 0.00 
 0.00 
 0.71 
(1.10)
 4.00 
SRJZX  0.46 (0.11) 0.00 (0.60) 0.00 
 0.00 
 0.72 
(1.12)
 3.29 
SRJCX  0.45 (0.10) 0.00 (0.74) 0.00 
 0.00 
 0.67 
(1.08)
 3.13 
SRJAX  0.46 (0.11) 0.00 (0.74) 0.00 
 0.00 
 0.66 
(1.06)
 3.61 
OSGCX  0.93  0.04  0.02  0.12  1.23 
(0.97)
 1.79 
(1.68)
 8.94 
OSGIX  0.99 (0.04) 0.00 (0.07) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY