Jpmorgan Growth Correlations

JGACX Fund

USD 32.69 0.58 1.81%

The correlation of Jpmorgan Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Jpmorgan Growth Advantage and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Growth Advantage 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 Growth Advantage. 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

0.82	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.8	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.77	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.93	OSGCX	Jpmorgan Small Cap	Pair Corr
0.97	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.78	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.75	JPDVX	Jpmorgan Diversified	Pair Corr
0.96	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.89	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.9	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.93	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.91	OSVCX	Jpmorgan Small Cap	Pair Corr
0.9	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.9	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.95	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.78	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.85	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.8	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.76	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.8	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.8	JPYRX	Jpmorgan Smartretirement	Pair Corr

Moving against Jpmorgan Mutual Fund

0.67	OBBCX	Jpmorgan Mortgage	Pair Corr
0.66	OBDCX	Jpmorgan E Plus	Pair Corr
0.56	OSTCX	Jpmorgan Short Duration	Pair Corr
0.38	OSTAX	Jpmorgan Short Inter	Pair Corr
0.69	OBOCX	Jpmorgan E Bond	Pair Corr
0.68	PGBOX	Jpmorgan E Bond	Pair Corr
0.49	JPVZX	Jpmorgan International	Pair Corr
0.47	JPVRX	Jpmorgan International	Pair Corr
0.45	STMCX	Jpmorgan Short Inter	Pair Corr

Related Correlations Analysis

	JRSXX	SMAAX	POIXX	PFCXX	GABXX	ELMXX
JRSXX		0.0	0.0	0.0	0.0	0.0	JRSXX
SMAAX	0.0		-0.47	0.0	-0.43	0.0	SMAAX
POIXX	0.0	-0.47		0.0	0.91	0.0	POIXX
PFCXX	0.0	0.0	0.0		0.0	0.0	PFCXX
GABXX	0.0	-0.43	0.91	0.0		0.0	GABXX
ELMXX	0.0	0.0	0.0	0.0	0.0		ELMXX
	JRSXX	SMAAX	POIXX	PFCXX	GABXX	ELMXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GABXX	+ 0.91	POIXX
SMAAX	+ 0.0	JRSXX
POIXX	+ 0.0	JRSXX
PFCXX	+ 0.0	JRSXX
GABXX	+ 0.0	JRSXX
ELMXX	+ 0.0	JRSXX

High negative correlations

POIXX	- 0.47	SMAAX
GABXX	- 0.43	SMAAX
ELMXX	- 0.0	GABXX
ELMXX	- 0.0	PFCXX
GABXX	- 0.0	PFCXX
ELMXX	- 0.0	POIXX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Growth 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 Growth'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
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.12	(0.01)	(0.40)	(0.12)	0.18	(0.17)	0.20	(0.30)	0.99
POIXX	0.03	0.01	0.00	(2.12)	0.00	0.00	0.00	0.00	1.01
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GABXX	0.03	0.00	0.00	0.36	0.00	0.00	0.00	0.00	1.01
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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