Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Growth
JGISX Fund  USD 77.71  1.91  2.52%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Janus Triton Fund is 0.85 (i.e., Very poor 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

Significant diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.04 (i.e., Significant 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 state.

Moving together with Jpmorgan Mutual Fund

  0.95OSGCX Jpmorgan Small CapPairCorr
  0.94OSGIX Jpmorgan Mid CapPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67JPHAX Jpmorgan Floating RatePairCorr
  0.74JPHCX Jpmorgan Floating RatePairCorr
  0.95OSVCX Jpmorgan Small CapPairCorr
  0.92JPPEX Jpmorgan Mid CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.44JPDCX Jpmorgan Preferred AndPairCorr
  0.43JPDRX Jpmorgan Preferred AndPairCorr
  0.42JPDIX Jpmorgan Preferred AndPairCorr
  0.41JPDAX Jpmorgan Preferred AndPairCorr
  0.74OSTCX Jpmorgan Short DurationPairCorr
  0.69OBBCX Jpmorgan Mortgage-backedPairCorr
  0.62OBDCX Jpmorgan E PlusPairCorr
  0.57OSTSX Jpmorgan Short-intermediaPairCorr
  0.52OSTAX Jpmorgan Short-intermediaPairCorr
  0.43JPICX Jpmorgan California TaxPairCorr
  0.67PGBOX Jpmorgan E BondPairCorr
  0.66OBOCX Jpmorgan E BondPairCorr
  0.61JPVRX Jpmorgan InternationalPairCorr
  0.61JPVZX Jpmorgan InternationalPairCorr
  0.54STMCX Jpmorgan Short-intermediaPairCorr

Related Correlations Analysis

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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   
JPGSX
+ 1.0
JGIRX
JGIRX
+ 0.94
JGMNX
JPGSX
+ 0.94
JGMNX
AEDMX
+ 0.82
OSCIX
OSCIX
+ 0.06
JGMNX
AEDMX
+ 0.02
JGMNX
  
High negative correlations   
JPGSX
- 0.15
OSCIX
JGIRX
- 0.15
OSCIX
AEDMX
- 0.04
JPGSX
AEDMX
- 0.04
JGIRX

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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