Jpmorgan Intrepid Correlations

JIGZX Fund  USD 80.16  0.82  1.03%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Jpmorgan Smartretirement 2035 is 0.62 (i.e., Poor 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

Very weak diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.59 (i.e., Very weak 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

  0.67SRJIX Jpmorgan SmartretirementPairCorr
  0.67SRJQX Jpmorgan SmartretirementPairCorr
  0.66SRJPX Jpmorgan SmartretirementPairCorr
  0.66SRJSX Jpmorgan SmartretirementPairCorr
  0.68SRJYX Jpmorgan SmartretirementPairCorr
  0.64SRJZX Jpmorgan SmartretirementPairCorr
  0.63SRJCX Jpmorgan SmartretirementPairCorr
  0.66SRJAX Jpmorgan SmartretirementPairCorr
  0.87OSGCX Jpmorgan Small CapPairCorr
  0.94OSGIX Jpmorgan Mid CapPairCorr
  0.68JPBRX Jpmorgan SmartretirementPairCorr
  0.65JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.7JPHCX Jpmorgan Floating RatePairCorr
  0.66JPIVX Jpmorgan Intrepid ValuePairCorr
  0.79OSVCX Jpmorgan Small CapPairCorr
  0.69JPHSX Jpmorgan Floating RatePairCorr
  0.68JPHRX Jpmorgan Floating RatePairCorr
  0.92JPPEX Jpmorgan Mid CapPairCorr
  0.66JPRRX Jpmorgan SmartretirementPairCorr
  0.78JPTBX Jpmorgan SmartretirementPairCorr
  0.68JPTKX Jpmorgan SmartretirementPairCorr
  0.67JPTLX Jpmorgan SmartretirementPairCorr
  0.68JPSRX Jpmorgan SmartretirementPairCorr
  0.68JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.4OSTCX Jpmorgan Short DurationPairCorr
  0.37OBBCX Jpmorgan MortgagePairCorr
  0.35OBDCX Jpmorgan E PlusPairCorr
  0.42EMREX Jpmorgan Trust IvPairCorr
  0.42EMRSX Jpmorgan Emerging MarketsPairCorr
  0.38OBOCX Jpmorgan E BondPairCorr
  0.38PGBOX Jpmorgan E BondPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.81 
 3.13 
SRJQX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.81 
 3.13 
SRJPX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.83 
 3.09 
SRJSX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.85 
 3.09 
SRJYX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.85 
 3.08 
SRJZX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.83 
 3.09 
SRJCX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.84 
 3.13 
SRJAX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.82 
 3.12 
OSGCX  0.93 (0.03)(0.02) 0.00  1.23 
 1.78 
 8.87 
OSGIX  0.93 (0.04) 0.00 (0.01) 0.00 
 1.55 
 11.84