Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Growth
JIGAX Fund  USD 84.14  0.11  0.13%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Jpmorgan Intrepid Value is 0.18 (i.e., Average diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Average diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Growth 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 Intrepid Growth. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.75SRJIX Jpmorgan SmartretirementPairCorr
  0.75SRJQX Jpmorgan SmartretirementPairCorr
  0.76SRJPX Jpmorgan SmartretirementPairCorr
  0.75SRJSX Jpmorgan SmartretirementPairCorr
  0.75SRJYX Jpmorgan SmartretirementPairCorr
  0.76SRJZX Jpmorgan SmartretirementPairCorr
  0.8SRJCX Jpmorgan SmartretirementPairCorr
  0.76SRJAX Jpmorgan SmartretirementPairCorr
  0.7OSGCX Jpmorgan Small CapPairCorr
  0.84OSGIX Jpmorgan Mid CapPairCorr
  0.66JPBRX Jpmorgan Smartretirement*PairCorr
  0.81JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61JPHCX Jpmorgan Floating RatePairCorr
  0.69JPIVX Jpmorgan Intrepid ValuePairCorr
  0.8OSVCX Jpmorgan Small CapPairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.9JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.71JPTBX Jpmorgan Smartretirement*PairCorr
  0.76JPTKX Jpmorgan Smartretirement*PairCorr
  0.66JPTLX Jpmorgan Smartretirement*PairCorr
  0.76JPSRX Jpmorgan Smartretirement*PairCorr
  0.65JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Intrepid 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 Intrepid'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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