JPMorgan Emerging Correlations

Etfs . USA . 
Etf . JPMorgan Emerging Markets
JEMA Etf  USD 39.11  0.26  0.66%   
The current 90-days correlation between JPMorgan Emerging Markets and JPMorgan BetaBuilders International is 0.7 (i.e., Poor diversification). The correlation of JPMorgan Emerging 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.

JPMorgan Emerging Correlation With Market

Very weak diversification

The correlation between JPMorgan Emerging Markets and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with JPMorgan Etf

  0.98VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.99IEMG iShares Core MSCI Sell-off TrendPairCorr
  0.82EMC Global X FundsPairCorr
  0.98EEM iShares MSCI EmergingPairCorr
  0.98SPEM SPDR Portfolio Emerging Sell-off TrendPairCorr
  0.94FNDE Schwab FundamentalPairCorr
  0.99ESGE iShares ESG AwarePairCorr
  0.85SFGRX Seafarer OverseasPairCorr
  0.84DGS WisdomTree EmergingPairCorr
  0.95XSOE WisdomTree EmergingPairCorr
  0.75FXY Invesco CurrencySharesPairCorr
  0.7PMBS PIMCO Mortgage BackedPairCorr
  0.62AMPD Tidal Trust IIPairCorr
  0.83GDXU MicroSectors Gold MinersPairCorr
  0.78KO Coca Cola Sell-off TrendPairCorr
  0.81T ATT Inc Aggressive PushPairCorr
  0.74MCD McDonaldsPairCorr
  0.69CSCO Cisco SystemsPairCorr
  0.67DD Dupont De NemoursPairCorr
  0.68VZ Verizon Communications Sell-off TrendPairCorr
  0.63MMM 3M CompanyPairCorr
  0.74INTC Intel Sell-off TrendPairCorr

Moving against JPMorgan Etf

  0.51WGMI Valkyrie Bitcoin MinersPairCorr
  0.54MSFT Microsoft Aggressive PushPairCorr
  0.5CAT CaterpillarPairCorr
  0.38DIS Walt DisneyPairCorr
  0.32AXP American ExpressPairCorr

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   
JCPB
+ 0.92
BBIN
BBCA
+ 0.65
BBUS
BBCA
+ 0.37
BBIN
BBCA
+ 0.18
JCPB
BBSA
+ 0.0
BBIN
BBSA
+ 0.0
JCPB
  
High negative correlations   
BBUS
- 0.47
JCPB
BBUS
- 0.37
BBIN
BBCA
- 0.0
BBSA
BBSA
- 0.0
BBUS
BBSA
- 0.0
JCPB
BBSA
- 0.0
BBIN

JPMorgan Emerging Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Emerging 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 JPMorgan Emerging'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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