Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JBYSX Fund  USD 23.33  0.02  0.09%   
The current 90-days correlation between Jpmorgan Smartretirement* and Lord Abbett Diversified is 0.98 (i.e., Almost no 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 state.

Moving together with Jpmorgan Mutual Fund

  0.93SRJIX Jpmorgan SmartretirementPairCorr
  0.93SRJQX Jpmorgan SmartretirementPairCorr
  0.92SRJPX Jpmorgan SmartretirementPairCorr
  0.93SRJSX Jpmorgan SmartretirementPairCorr
  0.93SRJYX Jpmorgan SmartretirementPairCorr
  0.92SRJZX Jpmorgan SmartretirementPairCorr
  0.91SRJCX Jpmorgan SmartretirementPairCorr
  0.85SRJAX Jpmorgan SmartretirementPairCorr
  0.94JPBRX Jpmorgan SmartretirementPairCorr
  0.69JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDCX Jpmorgan Preferred AndPairCorr
  0.68JPDIX Jpmorgan Preferred AndPairCorr
  0.69JPDRX Jpmorgan Preferred AndPairCorr
  0.86JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPIVX Jpmorgan Intrepid ValuePairCorr
  0.62OBDCX Jpmorgan E PlusPairCorr
  0.93JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.94JPTKX Jpmorgan SmartretirementPairCorr
  0.93JPTLX Jpmorgan SmartretirementPairCorr
  0.94JPSRX Jpmorgan Smartretirement*PairCorr
  0.94JPYRX Jpmorgan Smartretirement*PairCorr
  0.71EMREX Jpmorgan Trust IvPairCorr
  0.71EMRSX Jpmorgan Emerging MarketsPairCorr
  0.98OCGCX Jpmorgan InvestorPairCorr

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.

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