Jpmorgan Core Correlations

Mutual Funds . USA . 
Fund . Jpmorgan E Plus
JCPUX Fund  USD 7.26  0.04  0.55%   
The current 90-days correlation between Jpmorgan E Plus and Ashmore Emerging Markets is 0.69 (i.e., Poor diversification). The correlation of Jpmorgan Core 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 Core Correlation With Market

Average diversification

The correlation between Jpmorgan E Plus and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan E Plus 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 Plus. 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

  0.84SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.83SRJPX Jpmorgan SmartretirementPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.84SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.84JPBRX Jpmorgan Smartretirement*PairCorr
  0.76JPDAX Jpmorgan Preferred AndPairCorr
  0.8JPDCX Jpmorgan Preferred AndPairCorr
  0.76JPDIX Jpmorgan Preferred AndPairCorr
  0.75JPDRX Jpmorgan Preferred AndPairCorr
  0.84JPDVX Jpmorgan DiversifiedPairCorr
  0.88OSTAX Jpmorgan Short-intermediaPairCorr
  0.85OSTSX Jpmorgan Short-intermediaPairCorr
  0.99OBBCX Jpmorgan Mortgage-backedPairCorr
  0.86JPICX Jpmorgan California TaxPairCorr
  0.99OBDCX Jpmorgan E PlusPairCorr
  0.85JPRRX Jpmorgan SmartretirementPairCorr
  0.8JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.85JPTLX Jpmorgan Smartretirement*PairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.61JPVZX Jpmorgan InternationalPairCorr
  0.98OBOCX Jpmorgan E BondPairCorr
  0.84JPYRX Jpmorgan SmartretirementPairCorr
  0.68EMREX Jpmorgan Trust IvPairCorr

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 Core 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 Core'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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