Jpmorgan Small Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Cap
JISGX Fund  USD 20.09  0.08  0.40%   
The current 90-days correlation between Jpmorgan Small Cap and Saat Defensive Strategy is 0.45 (i.e., Very weak diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Poor diversification

The correlation between Jpmorgan Small Cap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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 price.

Moving together with Jpmorgan Mutual Fund

  0.99OSGIX Jpmorgan Mid CapPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.81JPHAX Jpmorgan Floating RatePairCorr
  0.85JPHCX Jpmorgan Floating RatePairCorr
  0.73JPHRX Jpmorgan Floating RatePairCorr
  0.61JPTBX Jpmorgan Smartretirement*PairCorr
  1.0PGSGX Jpmorgan Small CapPairCorr
  0.64JAKZX Jpmorgan SmartretirementPairCorr
  0.62JAKYX Jpmorgan SmartretirementPairCorr
  0.62JAKSX Jpmorgan SmartretirementPairCorr
  0.61JSAQX Jpmorgan SmartretirementPairCorr
  0.61JSAPX Jpmorgan SmartretirementPairCorr
  0.61JSASX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.68OBOCX Jpmorgan E BondPairCorr
  0.68PGBOX Jpmorgan E BondPairCorr
  0.64OBDCX Jpmorgan E PlusPairCorr
  0.64JPVZX Jpmorgan InternationalPairCorr
  0.44JPDIX Jpmorgan Preferred AndPairCorr
  0.43JPDCX Jpmorgan Preferred AndPairCorr
  0.43EMRSX Jpmorgan Emerging MarketsPairCorr
  0.42EMREX Jpmorgan Trust IvPairCorr
  0.68JSDRX Jpmorgan Short DurationPairCorr
  0.62JSOAX Jpmorgan Strategic IncomePairCorr
  0.56JSOCX Jpmorgan Strategic IncomePairCorr
  0.43JSIRX Jpmorgan UnconstrainedPairCorr
  0.43JSISX Jpmorgan UnconstrainedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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