Jpmorgan Smartretirement* Correlations

JBTUX Fund  USD 23.64  0.02  0.08%   
The current 90-days correlation between Jpmorgan Smartretirement* and Nuveen Santa Barbara is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.83 (i.e., Very poor 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 employment.

Moving together with Jpmorgan Mutual Fund

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.93SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.93SRJZX Jpmorgan SmartretirementPairCorr
  0.92SRJCX Jpmorgan SmartretirementPairCorr
  0.86SRJAX Jpmorgan SmartretirementPairCorr
  0.95JPBRX Jpmorgan SmartretirementPairCorr
  0.67JPDAX Jpmorgan Preferred AndPairCorr
  0.66JPDCX Jpmorgan Preferred AndPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.67JPDRX Jpmorgan Preferred AndPairCorr
  0.87JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPIVX Jpmorgan Intrepid ValuePairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.86JPTBX Jpmorgan Smartretirement*PairCorr
  0.95JPTKX Jpmorgan SmartretirementPairCorr
  0.94JPTLX Jpmorgan SmartretirementPairCorr
  0.95JPSRX Jpmorgan Smartretirement*PairCorr
  0.95JPYRX Jpmorgan Smartretirement*PairCorr
  0.69EMREX Jpmorgan Trust IvPairCorr
  0.69EMRSX Jpmorgan Emerging MarketsPairCorr
  0.98OCGCX Jpmorgan InvestorPairCorr

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   
GCIGXPIGDX
LMLRXNSBCX
AUERXNSBCX
LMLRXVDIGX
CDGCXGCIGX
CDGCXVDIGX
  
High negative correlations   
GCIGXAUERX
PIGDXAUERX
VDIGXAUERX

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.