Jpmorgan Intrepid Correlations

Mutual Funds USA . 
Fund . Jpmorgan Intrepid Growth
JGIRX Fund  USD 83.00  0.20  0.24%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Mfs Institutional International is 0.1 (i.e., Average diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Very weak diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Growth 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 Intrepid Growth. 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.84SRJIX Jpmorgan SmartretirementPairCorr
  0.79SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.79SRJSX Jpmorgan SmartretirementPairCorr
  0.78SRJYX Jpmorgan SmartretirementPairCorr
  0.79SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.77OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.85JPBRX Jpmorgan Smartretirement*PairCorr
  0.63JPDIX Jpmorgan Preferred AndPairCorr
  0.61JPDRX Jpmorgan Preferred AndPairCorr
  0.79JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.62JPHAX Jpmorgan Floating RatePairCorr
  0.66OSTAX Jpmorgan Short-intermediaPairCorr
  0.77JPIVX Jpmorgan Intrepid ValuePairCorr
  0.84OSVCX Jpmorgan Small CapPairCorr
  0.7JPICX Jpmorgan California TaxPairCorr
  0.9JPPEX Jpmorgan Mid CapPairCorr
  0.86JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan Smartretirement*PairCorr
  0.85JPTLX Jpmorgan Smartretirement*PairCorr
  0.86JPSRX Jpmorgan Smartretirement*PairCorr
  0.66OBOCX Jpmorgan E BondPairCorr
  0.85JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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