Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHTRX Fund  USD 19.88  0.10  0.51%   
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

Significant diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.06 (i.e., Significant 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.72SRJIX Jpmorgan SmartretirementPairCorr
  0.7SRJPX Jpmorgan SmartretirementPairCorr
  0.71SRJSX Jpmorgan SmartretirementPairCorr
  0.74SRJCX Jpmorgan SmartretirementPairCorr
  0.92OSGIX Jpmorgan Mid CapPairCorr
  0.63JPDVX Jpmorgan DiversifiedPairCorr
  0.93JPHCX Jpmorgan Floating RatePairCorr
  0.93JPHSX Jpmorgan Floating RatePairCorr
  0.66JPRRX Jpmorgan SmartretirementPairCorr
  0.67JPTLX Jpmorgan SmartretirementPairCorr
  0.75JPYRX Jpmorgan SmartretirementPairCorr
  0.63JRBYX Jpmorgan SmartretirementPairCorr
  0.77JAMCX Jpmorgan Mid CapPairCorr
  0.79JSACX Jpmorgan SmartretirementPairCorr
  0.82JSCSX Jpmorgan Small PanyPairCorr
  0.94JSERX Jpmorgan Small CapPairCorr
  0.89JSGZX Jpmorgan Small CapPairCorr
  0.76JSOCX Jpmorgan Strategic IncomePairCorr
  0.91JSVZX Jpmorgan Small CapPairCorr
  0.82JSVPX Jpmorgan Small CapPairCorr
  0.95SEEGX Jpmorgan Large CapPairCorr
  0.87JTSQX Jp Morgan SmartretirementPairCorr
  0.82JTSSX Jpmorgan SmartretirementPairCorr
  0.8JTSCX Jpmorgan SmartretirementPairCorr
  0.93HLGEX Jpmorgan Mid CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.64JPVZX Jpmorgan InternationalPairCorr
  0.59JSDHX Jpmorgan Short DurationPairCorr
  0.71JCBUX Jpmorgan E BondPairCorr
  0.71VSIEX Jpmorgan InternationalPairCorr
  0.68JCPUX Jpmorgan E PlusPairCorr
  0.53OGLVX Jpmorgan Short DurationPairCorr

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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