Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Value
JIVAX Fund  USD 29.62  0.34  1.16%   
The current 90-days correlation between Jpmorgan Intrepid Value and Jpmorgan Smartretirement 2035 is 0.57 (i.e., Very weak 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

Poor diversification

The correlation between Jpmorgan Intrepid Value and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Value 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 Value. 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

  0.72SRJIX Jpmorgan SmartretirementPairCorr
  0.72SRJQX Jpmorgan SmartretirementPairCorr
  0.72SRJPX Jpmorgan SmartretirementPairCorr
  0.72SRJSX Jpmorgan SmartretirementPairCorr
  0.72SRJYX Jpmorgan SmartretirementPairCorr
  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.72SRJCX Jpmorgan SmartretirementPairCorr
  0.72SRJAX Jpmorgan SmartretirementPairCorr
  0.76OSGIX Jpmorgan Mid CapPairCorr
  0.62JPDVX Jpmorgan DiversifiedPairCorr
  0.62JPGSX Jpmorgan Intrepid GrowthPairCorr
  1.0JPIVX Jpmorgan Intrepid ValuePairCorr
  0.94OSVCX Jpmorgan Small CapPairCorr
  0.79JPPEX Jpmorgan Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 
 0.00 
 0.81 
(0.80)
 3.13 
SRJQX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.00 
 0.81 
(0.80)
 3.13 
SRJPX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.00 
 0.83 
(0.81)
 3.09 
SRJSX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.00 
 0.85 
(0.80)
 3.09 
SRJYX  0.40 (0.07) 0.00 (0.11) 0.00 
 0.00 
 0.85 
(0.80)
 3.08 
SRJZX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.00 
 0.83 
(0.77)
 3.09 
SRJCX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.00 
 0.84 
(0.82)
 3.13 
SRJAX  0.40 (0.07) 0.00 (0.12) 0.00 
 0.00 
 0.82 
(0.81)
 3.12 
OSGCX  0.93 (0.03)(0.02) 0.00  1.23 
(0.94)
 1.78 
(1.67)
 8.87 
OSGIX  0.93 (0.04) 0.00 (0.01) 0.00 
 0.00 
 1.55 
(1.75)
 11.84 

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