JPMorgan Equity Correlations
| JEPI Etf | USD 57.64 0.15 0.26% |
The current 90-days correlation between JPMorgan Equity Premium and JPMorgan Nasdaq Equity is 0.74 (i.e., Poor diversification). The correlation of JPMorgan Equity 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 Equity Correlation With Market
Poor diversification
The correlation between JPMorgan Equity Premium and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Equity Premium and DJI in the same portfolio, assuming nothing else is changed.
JPMorgan |
Moving together with JPMorgan Etf
| 0.73 | XYLD | Global X SP Sell-off Trend | PairCorr |
| 0.93 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.65 | RYLD | Global X Russell | PairCorr |
| 0.63 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.71 | KNG | FT Cboe Vest | PairCorr |
| 0.87 | BUYW | Main Buywrite ETF | PairCorr |
| 0.7 | DUSL | Direxion Daily Indus | PairCorr |
| 0.62 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.62 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.76 | CSCO | Cisco Systems | PairCorr |
| 0.65 | GE | GE Aerospace | PairCorr |
| 0.8 | WMT | Walmart | PairCorr |
Related Correlations Analysis
| 0.97 | 0.03 | 0.95 | 0.92 | JEPQ | ||
| 0.97 | 0.07 | 0.96 | 0.98 | QYLD | ||
| 0.03 | 0.07 | 0.12 | 0.22 | SCHD | ||
| 0.95 | 0.96 | 0.12 | 0.94 | RYLD | ||
| 0.92 | 0.98 | 0.22 | 0.94 | XYLD | ||
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JPMorgan Equity Constituents Risk-Adjusted Indicators
There is a big difference between JPMorgan Etf performing well and JPMorgan Equity 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 Equity'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JEPQ | 0.86 | (0.05) | 0.00 | (0.10) | 0.00 | 1.54 | 5.39 | |||
| QYLD | 0.72 | (0.05) | 0.00 | (0.10) | 0.00 | 1.53 | 5.64 | |||
| SCHD | 0.67 | 0.03 | 0.04 | 0.01 | 0.92 | 1.31 | 3.64 | |||
| RYLD | 0.71 | (0.05) | 0.00 | (0.10) | 0.00 | 1.41 | 3.92 | |||
| XYLD | 0.53 | (0.01) | 0.00 | (0.05) | 0.00 | 1.21 | 4.46 |