Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Research Equity
JEPAX Fund  USD 14.28  0.04  0.28%   
The current 90-days correlation between Jpmorgan Research Equity and Fznopx is 0.58 (i.e., Very weak diversification). The correlation of Jpmorgan 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 Correlation With Market

Poor diversification

The correlation between Jpmorgan Research Equity and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Research Equity 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 Research Equity. 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

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.94SRJZX Jpmorgan SmartretirementPairCorr
  0.95SRJCX Jpmorgan SmartretirementPairCorr
  0.84SRJAX Jpmorgan SmartretirementPairCorr
  0.93JPBRX Jpmorgan SmartretirementPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.68JPHAX Jpmorgan Floating RatePairCorr
  0.63JPHCX Jpmorgan Floating RatePairCorr
  0.94JPIVX Jpmorgan Intrepid ValuePairCorr
  0.77JPHSX Jpmorgan Floating RatePairCorr
  0.74JPHRX Jpmorgan Floating RatePairCorr
  0.65JPPEX Jpmorgan Mid CapPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.93JPTBX Jpmorgan Smartretirement*PairCorr
  0.93JPTKX Jpmorgan SmartretirementPairCorr
  0.93JPTLX Jpmorgan SmartretirementPairCorr
  0.93JPSRX Jpmorgan Smartretirement*PairCorr
  0.93JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FSULTX
+ 0.87
CPUCX
FUHKBX
+ 0.85
FZNOPX
CPUCX
+ 0.82
WRLDX
FVKVWX
+ 0.66
FZNOPX
FSULTX
+ 0.57
WRLDX
FMFTX
+ 0.55
FVKVWX
  
High negative correlations   
FSULTX
- 0.54
FUHKBX
FUHKBX
- 0.46
CPUCX
FSULTX
- 0.37
FZNOPX
CPUCX
- 0.27
FZNOPX
FSULTX
- 0.17
FVKVWX
FUHKBX
- 0.16
WRLDX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan 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'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY