JPMorgan Active Correlations
JAVA Etf | USD 63.73 0.29 0.45% |
The current 90-days correlation between JPMorgan Active Value and Global X Funds is 0.43 (i.e., Very weak 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 |
Moving together with JPMorgan Etf
0.92 | VTV | Vanguard Value Index | PairCorr |
0.93 | VYM | Vanguard High Dividend | PairCorr |
0.97 | IWD | iShares Russell 1000 | PairCorr |
0.88 | DGRO | iShares Core Dividend | PairCorr |
0.95 | IVE | iShares SP 500 | PairCorr |
0.75 | DVY | iShares Select Dividend | PairCorr |
0.94 | SPYV | SPDR Portfolio SP | PairCorr |
0.96 | IUSV | iShares Core SP | PairCorr |
0.88 | JPM | JPMorgan Chase | PairCorr |
0.66 | BA | Boeing | PairCorr |
0.78 | BAC | Bank of America Aggressive Push | PairCorr |
0.75 | WMT | Walmart | PairCorr |
Moving against JPMorgan Etf
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
| High negative correlations
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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 | ||
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EMC | 0.88 | 0.02 | 0.05 | (0.18) | 1.16 | 1.91 | 6.37 | |||
DELL | 2.35 | (0.25) | 0.00 | (16.89) | 0.00 | 3.96 | 12.66 | |||
JNPR | 0.63 | (0.05) | 0.00 | (0.55) | 0.00 | 0.95 | 6.98 | |||
LSI | 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 |