Jpmorgan Emerging Correlations

JFAMX Fund

USD 31.46 0.02 0.06%

The current 90-days correlation between Jpmorgan Emerging Markets and Barings Emerging Markets is -0.08 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jpmorgan Emerging Correlation With Market

Very weak diversification

The correlation between Jpmorgan Emerging Markets and DJI is 0.41 (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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Jpmorgan Mutual Fund

0.62	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.61	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.62	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.62	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.76	JPDIX	Jpmorgan Preferred And	Pair Corr
0.84	JPVZX	Jpmorgan International	Pair Corr
0.66	OBOCX	Jpmorgan E Bond	Pair Corr
0.97	EMRSX	Jpmorgan Emerging Markets	Pair Corr
0.67	PGBOX	Jpmorgan E Bond	Pair Corr
0.76	OCGCX	Jpmorgan Investor	Pair Corr
0.72	JRBYX	Jpmorgan Smartretirement*	Pair Corr
0.71	JRBBX	Jpmorgan Smartretirement*	Pair Corr
0.71	JRBEX	Jpmorgan Smartretirement*	Pair Corr
0.71	JSDRX	Jpmorgan Short Duration	Pair Corr
0.77	JSIRX	Jpmorgan Unconstrained	Pair Corr
0.77	JSISX	Jpmorgan Unconstrained	Pair Corr

Moving against Jpmorgan Mutual Fund

0.31	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.34	JSCZX	Jpmorgan Small Pany	Pair Corr

Related Correlations Analysis

	BXECX	EMDQX	FEMDX	FHKFX	RYACX	EGLNX
BXECX		0.96	0.93	0.82	0.56	0.32	BXECX
EMDQX	0.96		0.89	0.87	0.57	0.22	EMDQX
FEMDX	0.93	0.89		0.8	0.31	0.42	FEMDX
FHKFX	0.82	0.87	0.8		0.4	0.32	FHKFX
RYACX	0.56	0.57	0.31	0.4		0.06	RYACX
EGLNX	0.32	0.22	0.42	0.32	0.06		EGLNX
	BXECX	EMDQX	FEMDX	FHKFX	RYACX	EGLNX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXECX	0.19	0.04	0.12	(0.45)	0.00	(0.32)	0.55	(0.27)	1.21
EMDQX	0.30	0.02	0.05	(1.12)	0.24	(0.43)	0.68	(0.46)	1.75
FEMDX	0.15	0.02	0.08	5.39	0.00	(0.20)	0.42	(0.26)	1.11
FHKFX	0.83	0.07	0.06	0.15	1.07	(0.87)	1.94	(1.91)	5.94
RYACX	1.09	0.14	0.11	0.59	1.10	(1.24)	2.78	(1.58)	6.30
EGLNX	1.06	0.13	0.09	0.19	1.35	(1.09)	1.97	(2.00)	6.25

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