JP Morgan Correlations

JIRE Etf

USD 61.29 0.34 0.56%

The current 90-days correlation between JP Morgan Exchange and JPMorgan Realty Income is 0.23 (i.e., Modest diversification). The correlation of JP Morgan 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.

JP Morgan Correlation With Market

Very weak diversification

The correlation between JP Morgan Exchange Traded and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JP Morgan Exchange Traded 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 JP Morgan Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with JIRE Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.86	VEU	Vanguard FTSE All	Pair Corr
1.0	EFA	iShares MSCI EAFE	Pair Corr
0.86	IXUS	iShares Core MSCI	Pair Corr
0.98	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
1.0	ESGD	iShares ESG Aware	Pair Corr
0.85	DFAX	Dimensional World	Pair Corr
0.73	GREI	Goldman Sachs Future	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.91	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against JIRE Etf

0.79	FNTC	Direxion	Pair Corr
0.73	IGA	Voya Global Advantage	Pair Corr
0.72	PXMV	Invesco SP MidCap	Pair Corr
0.71	MAGS	Roundhill Magnificent	Pair Corr
0.52	IVH	IVH	Pair Corr
0.32	DHF	BNY Mellon High	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.83	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr
0.79	DIS	Walt Disney Aggressive Push	Pair Corr
0.77	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.74	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	T	ATT Inc Aggressive Push	Pair Corr
0.72	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.35	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	JPRE	JMEE	JEMA	BBIN	BBEU
JPRE		-0.04	-0.08	0.31	0.28	JPRE
JMEE	-0.04		0.13	-0.5	-0.68	JMEE
JEMA	-0.08	0.13		0.4	0.37	JEMA
BBIN	0.31	-0.5	0.4		0.83	BBIN
BBEU	0.28	-0.68	0.37	0.83		BBEU
	JPRE	JMEE	JEMA	BBIN	BBEU

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BBEU	+ 0.83	BBIN
BBIN	+ 0.4	JEMA
BBEU	+ 0.37	JEMA
BBIN	+ 0.31	JPRE
BBEU	+ 0.28	JPRE
JEMA	+ 0.13	JMEE

High negative correlations

BBEU	- 0.68	JMEE
BBIN	- 0.5	JMEE
JEMA	- 0.08	JPRE
JMEE	- 0.04	JPRE

JP Morgan Constituents Risk-Adjusted Indicators

There is a big difference between JIRE Etf performing well and JP Morgan ETF 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 JP Morgan'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JPRE	0.63	0.06	(0.07)	1.05	0.72	(0.67)	1.17	(1.10)	3.49
JMEE	0.75	0.12	0.02	1.57	0.73	(0.89)	1.70	(1.37)	5.69
JEMA	0.90	(0.06)	0.00	(0.03)	0.00	0.00	2.03	(1.97)	6.85
BBIN	0.72	(0.15)	0.00	(0.19)	0.00	0.00	1.65	(1.79)	5.34
BBEU	0.66	(0.17)	0.00	(0.43)	0.00	0.00	1.01	(1.58)	4.22

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