Jpmorgan Diversified Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Diversified Fund
JDVAX Fund  USD 15.51  0.10  0.65%   
The current 90-days correlation between Jpmorgan Diversified and Jpmorgan Smartretirement 2035 is 0.92 (i.e., Almost no diversification). The correlation of Jpmorgan Diversified 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 Diversified Correlation With Market

Average diversification

The correlation between Jpmorgan Diversified Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Diversified Fund 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 Diversified Fund. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.91SRJYX Jpmorgan SmartretirementPairCorr
  0.97SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.77OSGIX Jpmorgan Mid CapPairCorr
  0.9JPBRX Jpmorgan SmartretirementPairCorr
  0.76JPDAX Jpmorgan Preferred AndPairCorr
  0.77JPDIX Jpmorgan Preferred AndPairCorr
  0.77JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.67JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.68OSTAX Jpmorgan Short InterPairCorr
  0.83JPIVX Jpmorgan Intrepid ValuePairCorr
  0.82OSVCX Jpmorgan Small CapPairCorr
  0.67OSTSX Jpmorgan Short-intermediaPairCorr
  0.63OBBCX Jpmorgan Mortgage-backedPairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.62OBDCX Jpmorgan E PlusPairCorr
  0.79JPPEX Jpmorgan Mid CapPairCorr
  0.91JPRRX Jpmorgan SmartretirementPairCorr
  0.87JPTBX Jpmorgan Smartretirement*PairCorr
  0.9JPTKX Jpmorgan Smartretirement*PairCorr
  0.91JPTLX Jpmorgan Smartretirement*PairCorr
  0.9JPSRX Jpmorgan SmartretirementPairCorr
  0.72JPVRX Jpmorgan InternationalPairCorr
  0.71JPVZX Jpmorgan InternationalPairCorr
  0.63OBOCX Jpmorgan E BondPairCorr
  0.89JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Diversified 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 Diversified'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  0.45 (0.10) 0.00 (0.65) 0.00 
 0.00 
 0.71 
(1.05)
 3.96 
SRJQX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.82 
SRJPX  0.44 (0.09) 0.00 (0.65) 0.00 
 0.00 
 0.67 
(1.07)
 3.49 
SRJSX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.72 
SRJYX  0.45 (0.12) 0.00 (0.53) 0.00 
 0.00 
 0.62 
(1.10)
 4.00 
SRJZX  0.44 (0.09) 0.00 (0.64) 0.00 
 0.00 
 0.72 
(1.12)
 3.29 
SRJCX  0.44 (0.09) 0.00 (0.63) 0.00 
 0.00 
 0.67 
(1.08)
 3.13 
SRJAX  0.45 (0.10) 0.00 (0.63) 0.00 
 0.00 
 0.66 
(1.06)
 3.61 
OSGCX  0.95  0.06  0.04  0.19  1.24 
(0.96)
 1.88 
(1.67)
 8.87 
OSGIX  0.98 (0.01)(0.01)(0.01) 2.02 
(0.89)
 1.58 
(1.75)
 11.84 

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