Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHQDX Fund  USD 18.69  0.19  1.01%   
The current 90-days correlation between Jpmorgan Hedged Equity and The Hartford Inflation is 0.41 (i.e., Very weak 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

Very weak diversification

The correlation between Jpmorgan Hedged Equity 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 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 unemployment.

Moving together with Jpmorgan Mutual Fund

  0.85JPBRX Jpmorgan Smartretirement*PairCorr
  0.64JPDAX Jpmorgan Preferred AndPairCorr
  0.61JPDCX Jpmorgan Preferred AndPairCorr
  0.64JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.63JPHAX Jpmorgan Floating RatePairCorr
  0.68OSTAX Jpmorgan Short-intermediaPairCorr
  0.66OSTCX Jpmorgan Short DurationPairCorr
  0.66JPHSX Jpmorgan Floating RatePairCorr
  0.67JPHRX Jpmorgan Floating RatePairCorr
  0.72OSTSX Jpmorgan Short-intermediaPairCorr
  0.83JPRRX Jpmorgan SmartretirementPairCorr
  0.87JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPTLX Jpmorgan Smartretirement*PairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.81JPVRX Jpmorgan InternationalPairCorr
  0.81JPVZX Jpmorgan InternationalPairCorr
  0.85JPYRX Jpmorgan SmartretirementPairCorr
  0.66EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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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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