Jpmorgan Research Correlations

JMNSX Fund

USD 15.67 0.02 0.13%

The current 90-days correlation between Jpmorgan Research Market and Aqr Sustainable Long Short is -0.11 (i.e., Good diversification). The correlation of Jpmorgan Research 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 Research Correlation With Market

Modest diversification

The correlation between Jpmorgan Research Market and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Research Market 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 Research Market. 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

0.72	OSGCX	Jpmorgan Small Cap	Pair Corr
0.88	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.64	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.81	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.72	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.9	OSVCX	Jpmorgan Small Cap	Pair Corr
0.9	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.63	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.63	OBOCX	Jpmorgan E Bond	Pair Corr
0.64	JPYRX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	QNZIX	BEMIX	FEMDX	DLTZX	FGWMX	SEDAX	ZEMIX	SPMIX
QNZIX		-0.73	-0.33	0.76	0.18	-0.39	-0.54	-0.62	QNZIX
BEMIX	-0.73		0.43	-0.56	0.18	0.71	0.81	0.49	BEMIX
FEMDX	-0.33	0.43		-0.19	0.59	0.68	0.5	0.63	FEMDX
DLTZX	0.76	-0.56	-0.19		0.45	-0.07	-0.28	-0.62	DLTZX
FGWMX	0.18	0.18	0.59	0.45		0.75	0.41	0.14	FGWMX
SEDAX	-0.39	0.71	0.68	-0.07	0.75		0.75	0.45	SEDAX
ZEMIX	-0.54	0.81	0.5	-0.28	0.41	0.75		0.37	ZEMIX
SPMIX	-0.62	0.49	0.63	-0.62	0.14	0.45	0.37		SPMIX
	QNZIX	BEMIX	FEMDX	DLTZX	FGWMX	SEDAX	ZEMIX	SPMIX

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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

ZEMIX	+ 0.81	BEMIX
DLTZX	+ 0.76	QNZIX
SEDAX	+ 0.75	FGWMX
ZEMIX	+ 0.75	SEDAX
SEDAX	+ 0.71	BEMIX
SEDAX	+ 0.68	FEMDX

High negative correlations

BEMIX	- 0.73	QNZIX
SPMIX	- 0.62	DLTZX
SPMIX	- 0.62	QNZIX
DLTZX	- 0.56	BEMIX
ZEMIX	- 0.54	QNZIX
SEDAX	- 0.39	QNZIX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Research 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 Research'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
QNZIX	0.54	0.10	0.14	1.15	0.65	(0.55)	0.99	(1.01)	3.78
BEMIX	0.61	(0.17)	0.00	(1.24)	0.00	0.00	1.10	(1.77)	3.67
FEMDX	0.23	(0.07)	0.00	4.92	0.00	0.00	0.33	(0.33)	5.06
DLTZX	0.08	0.00	0.06	(0.17)	0.03	(0.20)	0.26	(0.13)	0.64
FGWMX	0.25	(0.04)	0.00	(0.54)	0.00	0.00	0.47	(0.48)	2.04
SEDAX	0.25	(0.05)	0.00	(1.32)	0.00	0.00	0.36	(0.59)	2.16
ZEMIX	0.71	(0.11)	0.00	(0.47)	0.00	0.00	1.10	(1.55)	5.00
SPMIX	0.83	(0.10)	0.00	(0.12)	0.00	0.00	1.63	(1.29)	12.44

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