Jpmorgan Growth Correlations

JGVVX Fund

USD 39.43 0.26 0.66%

The current 90-days correlation between Jpmorgan Growth Advantage and Growth Allocation Fund is 0.9 (i.e., Almost no diversification). 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 0.71 (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 real.

Moving together with Jpmorgan Mutual Fund

0.98	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.99	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.74	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.78	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.72	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.98	PGSGX	Jpmorgan Small Cap	Pair Corr
0.63	JAKZX	Jpmorgan Smartretirement	Pair Corr
0.61	JAKYX	Jpmorgan Smartretirement	Pair Corr
0.64	JAKCX	Jpmorgan Smartretirement	Pair Corr
0.63	JAKPX	Jpmorgan Smartretirement	Pair Corr

Moving against Jpmorgan Mutual Fund

0.71	PGBOX	Jpmorgan E Bond	Pair Corr
0.7	OBOCX	Jpmorgan E Bond	Pair Corr
0.67	OBDCX	Jpmorgan E Plus	Pair Corr
0.67	JPVZX	Jpmorgan International	Pair Corr
0.5	JPDIX	Jpmorgan Preferred And	Pair Corr
0.46	JPDCX	Jpmorgan Preferred And	Pair Corr
0.45	EMREX	Jpmorgan Trust Iv	Pair Corr
0.45	EMRSX	Jpmorgan Emerging Markets	Pair Corr
0.33	JPICX	Jpmorgan California Tax	Pair Corr
0.71	JSDRX	Jpmorgan Short Duration	Pair Corr
0.68	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.62	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.45	JSIRX	Jpmorgan Unconstrained	Pair Corr
0.45	JSISX	Jpmorgan Unconstrained	Pair Corr

Related Correlations Analysis

	GGRYX	SRGAX	GCIGX	LMLRX	AWPIX	GETFX
GGRYX		0.93	0.62	0.99	0.93	0.94	GGRYX
SRGAX	0.93		0.38	0.93	0.82	0.99	SRGAX
GCIGX	0.62	0.38		0.58	0.62	0.36	GCIGX
LMLRX	0.99	0.93	0.58		0.89	0.94	LMLRX
AWPIX	0.93	0.82	0.62	0.89		0.85	AWPIX
GETFX	0.94	0.99	0.36	0.94	0.85		GETFX
	GGRYX	SRGAX	GCIGX	LMLRX	AWPIX	GETFX

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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
GGRYX	0.51	0.02	0.03	0.03	0.64	(0.53)	1.01	(0.99)	3.13
SRGAX	0.62	0.01	0.01	0.01	0.83	(0.64)	1.25	(1.45)	3.64
GCIGX	0.79	0.01	0.01	0.01	1.40	(0.72)	1.83	(1.43)	6.40
LMLRX	0.31	0.01	0.03	0.03	0.35	(0.34)	0.61	(0.60)	2.17
AWPIX	0.68	0.01	0.01	0.01	0.96	(0.68)	1.45	(1.57)	4.44
GETFX	0.55	0.02	0.02	0.02	0.69	(0.57)	1.04	(1.18)	3.31

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