Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Research Equity
JEPCX Fund  USD 14.16  0.04  0.28%   
The current 90-days correlation between Jpmorgan Research Equity and Pace Large Value is 0.61 (i.e., Poor 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 0.73 (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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.93SRJIX Jpmorgan SmartretirementPairCorr
  0.9SRJQX Jpmorgan SmartretirementPairCorr
  0.93SRJPX Jpmorgan SmartretirementPairCorr
  0.93SRJSX Jpmorgan SmartretirementPairCorr
  0.9SRJYX Jpmorgan SmartretirementPairCorr
  0.93SRJZX Jpmorgan SmartretirementPairCorr
  0.93SRJCX Jpmorgan SmartretirementPairCorr
  0.82SRJAX Jpmorgan SmartretirementPairCorr
  0.8JPBRX Jpmorgan Smartretirement*PairCorr
  0.82JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPHAX Jpmorgan Floating RatePairCorr
  0.65JPHCX Jpmorgan Floating RatePairCorr
  0.94JPIVX Jpmorgan Intrepid ValuePairCorr
  0.76JPHSX Jpmorgan Floating RatePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.67JPPEX Jpmorgan Mid CapPairCorr
  0.9JPRRX Jpmorgan SmartretirementPairCorr
  0.94JPTBX Jpmorgan Smartretirement*PairCorr
  0.9JPTKX Jpmorgan Smartretirement*PairCorr
  0.9JPTLX Jpmorgan Smartretirement*PairCorr
  0.8JPSRX Jpmorgan SmartretirementPairCorr
  0.93JPYRX 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 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.

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