JP Morgan Correlations

Etfs . USA . 
Etf . JP Morgan Exchange Traded
JCTR Etf  USD 76.98  0.97  1.24%   
The current 90-days correlation between JP Morgan Exchange and JPMorgan Diversified Return is -0.02 (i.e., Good diversification). The correlation of JP Morgan 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.

JP Morgan Correlation With Market

Very poor diversification

The correlation between JP Morgan Exchange Traded and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JP Morgan Exchange Traded 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 JP Morgan Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with JCTR Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500PairCorr
  0.92IVV iShares Core SPPairCorr
  0.83VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.88RSP Invesco SP 500 Sell-off TrendPairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.93UPRO ProShares UltraPro SP500PairCorr
  0.98QTJA Innovator ETFs Trust Low VolatilityPairCorr
  0.99QTOC Innovator ETFs TrustPairCorr
  0.98XTOC Innovator ETFs TrustPairCorr
  0.67QTAP Innovator Growth 100 Low VolatilityPairCorr
  0.97XTJA Innovator ETFs TrustPairCorr
  0.79JPM JPMorgan Chase Sell-off TrendPairCorr
  0.89HD Home DepotPairCorr
  0.94AXP American ExpressPairCorr
  0.62CAT CaterpillarPairCorr
  0.82DIS Walt DisneyPairCorr
  0.88BAC Bank of America Aggressive PushPairCorr
  0.7MSFT MicrosoftPairCorr

Moving against JCTR Etf

  0.36GDXU MicroSectors Gold MinersPairCorr
  0.59VZ Verizon CommunicationsPairCorr
  0.53JNJ Johnson JohnsonPairCorr
  0.49KO Coca Cola Aggressive PushPairCorr
  0.39XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

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   
JMOM
+ 0.97
JVAL
JVAL
+ 0.83
JPSE
JMOM
+ 0.79
JPSE
JVAL
+ 0.77
JSTC
JMOM
+ 0.77
JSTC
JSTC
+ 0.62
JPSE
  
High negative correlations   
JIG
- 0.19
JPSE

JP Morgan Constituents Risk-Adjusted Indicators

There is a big difference between JCTR Etf performing well and JP Morgan ETF 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 JP Morgan'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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