Jpmorgan E Correlations

Mutual Funds . USA . 
Fund . Jpmorgan E Bond
JCBUX Fund  USD 10.33  0.01  0.1%   
The current 90-days correlation between Jpmorgan E Bond and Nationwide Bailard Technology is -0.02 (i.e., Good diversification). The correlation of Jpmorgan E 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 E Correlation With Market

Average diversification

The correlation between Jpmorgan E Bond and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan E Bond 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 E Bond. 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

  0.9JPDAX Jpmorgan Preferred AndPairCorr
  0.9JPDCX Jpmorgan Preferred AndPairCorr
  0.9JPDIX Jpmorgan Preferred AndPairCorr
  0.9JPDRX Jpmorgan Preferred AndPairCorr
  0.94OSTAX Jpmorgan Short-intermediaPairCorr
  0.89OSTCX Jpmorgan Short DurationPairCorr
  0.95OSTSX Jpmorgan Short-intermediaPairCorr
  1.0OBBCX Jpmorgan MortgagePairCorr
  0.82JPICX Jpmorgan California TaxPairCorr
  1.0OBDCX Jpmorgan E PlusPairCorr
  0.86JPVRX Jpmorgan InternationalPairCorr
  0.93JPVZX Jpmorgan InternationalPairCorr
  1.0OBOCX Jpmorgan E BondPairCorr
  0.78EMREX Jpmorgan Trust IvPairCorr

Moving against Jpmorgan Mutual Fund

  0.72JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7OSGCX Jpmorgan Small CapPairCorr
  0.63OSGIX Jpmorgan Mid CapPairCorr
  0.66OSVCX Jpmorgan Small CapPairCorr
  0.57JPPEX Jpmorgan Mid CapPairCorr
  0.42JPHCX Jpmorgan Floating RatePairCorr
  0.34JPHAX Jpmorgan Floating RatePairCorr
  0.72PGSGX Jpmorgan Small CapPairCorr

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   
JGLTX
+ 0.92
BOGSX
JGLTX
+ 0.83
PGTIX
PGTIX
+ 0.81
BOGSX
PGTIX
+ 0.8
NWHOX
TEFQX
+ 0.7
PGTIX
TEFQX
+ 0.65
BOGSX
  
High negative correlations   
FRBRX
- 0.25
JGLTX
FRBRX
- 0.16
BOGSX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan E 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 E'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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