Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Growth
JCICX Fund  USD 80.96  0.73  0.91%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Jpmorgan Smartretirement 2035 is 0.68 (i.e., Poor diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Modest diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Growth 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 Intrepid Growth. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.89SRJIX Jpmorgan SmartretirementPairCorr
  0.89SRJQX Jpmorgan SmartretirementPairCorr
  0.89SRJPX Jpmorgan SmartretirementPairCorr
  0.89SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.89SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGCX Jpmorgan Small CapPairCorr
  0.94OSGIX Jpmorgan Mid CapPairCorr
  0.83JPBRX Jpmorgan SmartretirementPairCorr
  0.9JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.81JPIVX Jpmorgan Intrepid ValuePairCorr
  0.87OSVCX Jpmorgan Small CapPairCorr
  0.67OBBCX Jpmorgan MortgagePairCorr
  0.68JPICX Jpmorgan California TaxPairCorr
  0.68OBDCX Jpmorgan E PlusPairCorr
  0.91JPPEX Jpmorgan Mid CapPairCorr
  0.84JPRRX Jpmorgan SmartretirementPairCorr
  0.83JPTBX Jpmorgan SmartretirementPairCorr
  0.83JPTKX Jpmorgan SmartretirementPairCorr
  0.84JPTLX Jpmorgan SmartretirementPairCorr
  0.83JPSRX Jpmorgan SmartretirementPairCorr
  0.66OBOCX Jpmorgan E BondPairCorr
  0.83JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Intrepid 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 Intrepid'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.43 (0.03) 0.00 (0.08) 0.00 
 0.00 
 0.88 
(1.03)
 3.12 
SRJQX  0.44 (0.03) 0.00 (0.08) 0.00 
 0.00 
 0.93 
(1.08)
 3.17 
SRJPX  0.43 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.84 
(1.03)
 3.11 
SRJYX  0.44 (0.03) 0.00 (0.08) 0.00 
 0.00 
 0.84 
(1.08)
 3.11 
SRJZX  0.43 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.85 
(1.10)
 3.06 
SRJCX  0.44 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.90 
(1.10)
 3.14 
SRJAX  0.43 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.88 
(1.09)
 3.15 
OSGCX  0.93  0.09  0.06  0.22  1.15 
(0.99)
 1.79 
(1.68)
 8.94 
OSGIX  1.01  0.00 (0.01) 0.02  2.11 
(0.88)
 1.79 
(1.75)
 11.84 

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