Jpmorgan Value Correlations

Mutual Funds USA . 
Fund . Jpmorgan Value Advantage
JGAQX Fund  USD 36.65  0.20  0.54%   
The current 90-days correlation between Jpmorgan Value Advantage and Deutsche Gold Precious is 0.16 (i.e., Average diversification). The correlation of Jpmorgan Value 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 Value Correlation With Market

Significant diversification

The correlation between Jpmorgan Value Advantage and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Value 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 Value 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.73SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.73SRJPX Jpmorgan SmartretirementPairCorr
  0.73SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.73SRJZX Jpmorgan SmartretirementPairCorr
  0.73SRJCX Jpmorgan SmartretirementPairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.82JAMCX Jpmorgan Mid CapPairCorr
  0.91JSBZX Jpmorgan Trust IvPairCorr
  0.8JTSQX Jp Morgan SmartretirementPairCorr
  0.73JTTZX Jpmorgan SmartretirementPairCorr
  0.62JUEZX Jpmorgan EquityPairCorr
  0.62JUSPX Jpmorgan Small PanyPairCorr
  0.9JDVZX Jpmorgan DiversifiedPairCorr
  0.84OIEIX Jpmorgan Equity IncomePairCorr
  0.61OLGAX Jpmorgan Large CapPairCorr
  0.72JIORX Jpmorgan SmartretirementPairCorr
  0.86JIVMX Jpmorgan Intrepid ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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