JPMorgan Active Correlations

JAVA Etf

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The current 90-days correlation between JPMorgan Active Value and Global X Funds is 0.15 (i.e., Average diversification). The correlation of JPMorgan Active 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.

JPMorgan Active Correlation With Market

Very weak diversification

The correlation between JPMorgan Active Value and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Active Value 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 Active Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with JPMorgan Etf

0.92	VTV	Vanguard Value Index	Pair Corr
0.85	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.94	DGRO	iShares Core Dividend	Pair Corr
0.84	IVE	iShares SP 500	Pair Corr
0.93	DVY	iShares Select Dividend	Pair Corr
0.94	SPYV	SPDR Portfolio SP	Pair Corr
0.89	FVD	First Trust Value	Pair Corr
0.84	IUSV	iShares Core SP	Pair Corr
0.85	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.63	SMI	VanEck Vectors ETF	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.63	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against JPMorgan Etf

0.73

VXX

iPath Series B Low Volatility

Pair Corr

Related Correlations Analysis

	EMC	DELL	JNPR	LSI	COMS
EMC		0.1	-0.23	0.0	0.0	EMC
DELL	0.1		-0.2	0.0	0.0	DELL
JNPR	-0.23	-0.2		0.0	0.0	JNPR
LSI	0.0	0.0	0.0		0.0	LSI
COMS	0.0	0.0	0.0	0.0		COMS
	EMC	DELL	JNPR	LSI	COMS

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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

DELL	+ 0.1	EMC
LSI	+ 0.0	EMC
COMS	+ 0.0	EMC
LSI	+ 0.0	DELL
COMS	+ 0.0	DELL
LSI	+ 0.0	JNPR

High negative correlations

JNPR	- 0.23	EMC
JNPR	- 0.2	DELL
COMS	- 0.0	LSI
COMS	- 0.0	JNPR
LSI	- 0.0	JNPR
COMS	- 0.0	DELL

JPMorgan Active Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Active ETF 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 Active'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMC	0.67	0.02	0.01	(0.98)	1.06	(0.60)	1.33	(1.74)	4.18
DELL	2.12	(0.27)	0.00	(0.65)	0.00	0.00	3.80	(4.74)	16.05
JNPR	0.76	0.02	0.01	(1.10)	1.51	(0.68)	1.63	(1.47)	8.31
LSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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