Jpmorgan Government Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Government Bond
JGBZX Fund  USD 9.57  0.01  0.10%   
The current 90-days correlation between Jpmorgan Government Bond and Vanguard Gnma Fund is 0.94 (i.e., Almost no diversification). The correlation of Jpmorgan Government 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 Government Correlation With Market

Good diversification

The correlation between Jpmorgan Government Bond and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Government Bond 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 Government Bond. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.74OSTAX Jpmorgan Short InterPairCorr
  0.92OSTCX Jpmorgan Short DurationPairCorr
  0.75OSTSX Jpmorgan Short InterPairCorr
  1.0OBBCX Jpmorgan MortgagePairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  1.0OBDCX Jpmorgan E PlusPairCorr
  0.73JPVRX Jpmorgan InternationalPairCorr
  0.74JPVZX Jpmorgan InternationalPairCorr
  1.0OBOCX Jpmorgan E BondPairCorr
  1.0PGBOX Jpmorgan E BondPairCorr

Moving against Jpmorgan Mutual Fund

  0.88JPHAX Jpmorgan Floating RatePairCorr
  0.87JPHRX Jpmorgan Floating RatePairCorr
  0.86JPHCX Jpmorgan Floating RatePairCorr
  0.86JPHSX Jpmorgan Floating RatePairCorr
  0.71JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.71JPIVX Jpmorgan Intrepid ValuePairCorr
  0.66JPPEX Jpmorgan Mid CapPairCorr
  0.65OSGIX Jpmorgan Mid CapPairCorr
  0.58OSGCX Jpmorgan Small CapPairCorr
  0.56OSVCX Jpmorgan Small CapPairCorr
  0.46JPTBX Jpmorgan SmartretirementPairCorr
  0.4JPDRX Jpmorgan Preferred AndPairCorr
  0.34JPDAX Jpmorgan Preferred AndPairCorr
  0.31SRJCX Jpmorgan SmartretirementPairCorr
  0.31JPDIX Jpmorgan Preferred AndPairCorr
  0.6PGSGX Jpmorgan Small CapPairCorr
  0.58JRJYX Jpmorgan High YieldPairCorr
  0.58ODMCX Jpmorgan Intrepid MidPairCorr
  0.52JRJKX Jpmorgan High YieldPairCorr
  0.5JAKQX Jpmorgan SmartretirementPairCorr
  0.49JAKCX Jpmorgan SmartretirementPairCorr
  0.48JAKYX Jpmorgan SmartretirementPairCorr
  0.48JAKIX Jpmorgan SmartretirementPairCorr
  0.48JAKSX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Government 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 Government'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VFIJX  0.23 (0.04) 0.00  2.59  0.00 
 0.00 
 0.32 
(0.54)
 1.20 
VSIGX  0.19 (0.03) 0.00  0.95  0.00 
 0.00 
 0.35 
(0.36)
 1.04 
UGSFX  0.23 (0.04) 0.00  1.37  0.00 
 0.00 
 0.34 
(0.51)
 1.31 
AMUSX  0.22 (0.04) 0.00  1.43  0.00 
 0.00 
 0.34 
(0.42)
 1.31 
FSUGX  0.22 (0.05) 0.00 (0.63) 0.00 
 0.00 
 0.34 
(0.42)
 1.31 
UGSCX  0.21 (0.04) 0.00  1.34  0.00 
 0.00 
 0.34 
(0.42)
 1.24 
FSUUX  0.22 (0.04) 0.00 (0.55) 0.00 
 0.00 
 0.34 
(0.51)
 1.23 
VMBSX  0.24 (0.03) 0.00  0.89  0.00 
 0.00 
 0.43 
(0.49)
 1.37 
VFIIX  0.22 (0.04) 0.00  2.25  0.00 
 0.00 
 0.32 
(0.54)
 1.20 
FUTBX  0.21 (0.04) 0.00  0.70  0.00 
 0.00 
 0.45 
(0.46)
 1.26 

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