Jpmorgan Correlations

JLPSX Fund

USD 20.28 0.01 0.05%

The current 90-days correlation between Jpmorgan Large Cap and Mfs Research Fund is 0.98 (i.e., Almost no diversification). The correlation of Jpmorgan 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 Correlation With Market

Good diversification

The correlation between Jpmorgan Large Cap and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Large 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 Large 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 state.

Moving together with Jpmorgan Mutual Fund

0.62	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.64	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.63	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.62	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.65	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.66	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.64	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.95	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.94	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.82	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.83	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.65	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.94	OSVCX	Jpmorgan Small Cap	Pair Corr
0.77	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.63	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.74	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.61	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.62	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.94	PGSGX	Jpmorgan Small Cap	Pair Corr

Moving against Jpmorgan Mutual Fund

0.63	OSTCX	Jpmorgan Short Duration	Pair Corr
0.59	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.55	OBOCX	Jpmorgan E Bond	Pair Corr
0.54	JPVZX	Jpmorgan International	Pair Corr
0.52	OBDCX	Jpmorgan E Plus	Pair Corr
0.58	JSDHX	Jpmorgan Short Duration	Pair Corr
0.57	JSDRX	Jpmorgan Short Duration	Pair Corr
0.56	PGBOX	Jpmorgan E Bond	Pair Corr

Related Correlations Analysis

	MFRFX	PSFAX	PAHIX	PCRRX	MIQBX
MFRFX		-0.44	0.15	-0.13	-0.26	MFRFX
PSFAX	-0.44		0.62	0.84	0.86	PSFAX
PAHIX	0.15	0.62		0.64	0.63	PAHIX
PCRRX	-0.13	0.84	0.64		0.85	PCRRX
MIQBX	-0.26	0.86	0.63	0.85		MIQBX
	MFRFX	PSFAX	PAHIX	PCRRX	MIQBX

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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

MIQBX	+ 0.86	PSFAX
MIQBX	+ 0.85	PCRRX
PCRRX	+ 0.84	PSFAX
PCRRX	+ 0.64	PAHIX
MIQBX	+ 0.63	PAHIX
PAHIX	+ 0.62	PSFAX

High negative correlations

PSFAX	- 0.44	MFRFX
MIQBX	- 0.26	MFRFX
PCRRX	- 0.13	MFRFX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan 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'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
MFRFX	0.73	(0.10)	0.00	1.57	0.00	0.00	1.38	(1.72)	4.05
PSFAX	0.04	0.01	0.00	(0.57)	0.00	0.00	0.10	0.00	0.52
PAHIX	0.15	0.00	0.24	(0.02)	0.16	(0.23)	0.51	(0.34)	1.03
PCRRX	0.47	0.16	0.37	2.54	0.27	(0.58)	1.35	(0.73)	3.98
MIQBX	0.69	0.13	0.21	4.83	0.70	(0.79)	1.74	(1.17)	4.75

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