Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JIBBX Fund  USD 18.39  0.02  0.11%   
The current 90-days correlation between Jpmorgan Smartretirement* and Us Government Securities is -0.06 (i.e., Good diversification). The correlation of Jpmorgan Smartretirement* 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 Smartretirement* Correlation With Market

Very poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

  0.9SRJIX Jpmorgan SmartretirementPairCorr
  0.9SRJQX Jpmorgan SmartretirementPairCorr
  0.89SRJPX Jpmorgan SmartretirementPairCorr
  0.9SRJSX Jpmorgan SmartretirementPairCorr
  0.9SRJYX Jpmorgan SmartretirementPairCorr
  0.89SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.91JPBRX Jpmorgan SmartretirementPairCorr
  0.73JPDAX Jpmorgan Preferred AndPairCorr
  0.72JPDCX Jpmorgan Preferred AndPairCorr
  0.73JPDIX Jpmorgan Preferred AndPairCorr
  0.73JPDRX Jpmorgan Preferred AndPairCorr
  0.84JPDVX Jpmorgan DiversifiedPairCorr
  0.77OSTAX Jpmorgan Short-intermediaPairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.74OSTSX Jpmorgan Short-intermediaPairCorr
  0.61OBBCX Jpmorgan Mortgage-backedPairCorr
  0.61JPICX Jpmorgan California TaxPairCorr
  0.68OBDCX Jpmorgan E PlusPairCorr
  0.9JPRRX Jpmorgan SmartretirementPairCorr
  0.81JPTBX Jpmorgan Smartretirement*PairCorr
  0.91JPTKX Jpmorgan SmartretirementPairCorr
  0.9JPTLX Jpmorgan SmartretirementPairCorr
  0.91JPSRX Jpmorgan Smartretirement*PairCorr
  0.65JPVRX Jpmorgan InternationalPairCorr
  0.65JPVZX Jpmorgan InternationalPairCorr
  0.64OBOCX Jpmorgan E BondPairCorr
  0.91JPYRX Jpmorgan Smartretirement*PairCorr
  0.74EMREX 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 Smartretirement* 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 Smartretirement*'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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