Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHDCX Fund  USD 18.34  0.01  0.05%   
The current 90-days correlation between Jpmorgan Hedged Equity and One Choice In is 0.81 (i.e., Very poor diversification). The correlation of Jpmorgan Hedged 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 Hedged Correlation With Market

Poor diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Hedged Equity 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 Hedged Equity. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.78SRJIX Jpmorgan SmartretirementPairCorr
  0.78SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.78SRJSX Jpmorgan SmartretirementPairCorr
  0.77SRJYX Jpmorgan SmartretirementPairCorr
  0.8SRJZX Jpmorgan SmartretirementPairCorr
  0.8SRJCX Jpmorgan SmartretirementPairCorr
  0.66SRJAX Jpmorgan SmartretirementPairCorr
  0.87OSGCX Jpmorgan Small CapPairCorr
  0.9OSGIX Jpmorgan Mid CapPairCorr
  0.76JPBRX Jpmorgan SmartretirementPairCorr
  0.64JPDVX Jpmorgan DiversifiedPairCorr
  0.85JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.82JPHAX Jpmorgan Floating RatePairCorr
  0.81JPHCX Jpmorgan Floating RatePairCorr
  0.77JPIVX Jpmorgan Intrepid ValuePairCorr
  0.86OSVCX Jpmorgan Small CapPairCorr
  0.81JPHSX Jpmorgan Floating RatePairCorr
  0.84JPHRX Jpmorgan Floating RatePairCorr
  0.92JPPEX Jpmorgan Mid CapPairCorr
  0.78JPRRX Jpmorgan SmartretirementPairCorr
  0.86JPTBX Jpmorgan Smartretirement*PairCorr
  0.77JPTKX Jpmorgan SmartretirementPairCorr
  0.78JPTLX Jpmorgan SmartretirementPairCorr
  0.77JPSRX Jpmorgan Smartretirement*PairCorr
  0.76JPYRX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.41OSTCX Jpmorgan Short DurationPairCorr
  0.37OBBCX Jpmorgan Mortgage-backedPairCorr
  0.34PGBOX Jpmorgan E BondPairCorr
  0.33OBOCX Jpmorgan E BondPairCorr

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 Hedged 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 Hedged'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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