Jpmorgan Smartretirement Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement 2055
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.73 (i.e., Poor diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement 2055 and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2055 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. 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 american community survey.

Moving together with Jpmorgan Mutual Fund

  0.74SRJIX Jpmorgan SmartretirementPairCorr
  0.74SRJQX Jpmorgan SmartretirementPairCorr
  0.73SRJPX Jpmorgan SmartretirementPairCorr
  0.74SRJSX Jpmorgan SmartretirementPairCorr
  0.74SRJYX Jpmorgan SmartretirementPairCorr
  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.72SRJCX Jpmorgan SmartretirementPairCorr
  0.88JPBRX Jpmorgan Smartretirement*PairCorr
  0.74JPHAX Jpmorgan Floating RatePairCorr
  0.69JPHCX Jpmorgan Floating RatePairCorr
  0.87JPIVX Jpmorgan Intrepid ValuePairCorr
  0.64OSVCX Jpmorgan Small CapPairCorr
  0.82JPHSX Jpmorgan Floating RatePairCorr
  0.77JPHRX Jpmorgan Floating RatePairCorr
  0.75JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.88JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan Smartretirement*PairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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