Jpmorgan Equity Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Premium
JEPIX Fund  USD 14.97  0.06  0.40%   
The current 90-days correlation between Jpmorgan Equity Premium and Nationwide Global Equity is 0.77 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jpmorgan Equity Correlation With Market

Very poor diversification

The correlation between Jpmorgan Equity Premium and DJI is 0.85 (i.e., Very 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Equity Premium. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.85SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.85SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.77SRJCX Jpmorgan SmartretirementPairCorr
  0.84SRJAX Jpmorgan SmartretirementPairCorr
  0.88OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.83JPBRX Jpmorgan Smartretirement*PairCorr
  0.64JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.66JPDRX Jpmorgan Preferred AndPairCorr
  0.78JPDVX Jpmorgan DiversifiedPairCorr
  0.95JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.86JPHAX Jpmorgan Floating RatePairCorr
  0.86JPHCX Jpmorgan Floating RatePairCorr
  0.98JPIVX Jpmorgan Intrepid ValuePairCorr
  0.9OSVCX Jpmorgan Small CapPairCorr
  0.86JPHSX Jpmorgan Floating RatePairCorr
  0.86JPHRX Jpmorgan Floating RatePairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.82JPTKX Jpmorgan Smartretirement*PairCorr
  0.82JPTLX Jpmorgan Smartretirement*PairCorr
  0.82JPSRX Jpmorgan Smartretirement*PairCorr
  0.83JPYRX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.67OBBCX Jpmorgan Mortgage-backedPairCorr
  0.65OBDCX Jpmorgan E PlusPairCorr
  0.46OSTCX Jpmorgan Short DurationPairCorr
  0.69OBOCX Jpmorgan E BondPairCorr
  0.68PGBOX Jpmorgan E BondPairCorr
  0.48JPVZX Jpmorgan InternationalPairCorr
  0.46JPVRX Jpmorgan InternationalPairCorr
  0.42STMCX Jpmorgan Short-intermediaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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