Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JMUEX Fund  USD 24.61  0.42  1.68%   
The current 90-days correlation between Jpmorgan Equity and Massachusetts Investors Trust is 0.35 (i.e., Weak 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

Weak diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Fund 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 Equity Fund. 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 income.

Moving together with Jpmorgan Mutual Fund

  0.82SRJIX Jpmorgan SmartretirementPairCorr
  0.81SRJQX Jpmorgan SmartretirementPairCorr
  0.82SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.81SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.83SRJAX Jpmorgan SmartretirementPairCorr
  0.79JPDVX Jpmorgan DiversifiedPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.93JPIVX Jpmorgan Intrepid ValuePairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.83OCGCX Jpmorgan InvestorPairCorr
  0.79PGSGX Jpmorgan Small CapPairCorr
  0.68JAKSX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.35JPHSX Jpmorgan Floating RatePairCorr

Related Correlations Analysis

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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   
MRSIX
+ 0.91
OHYFX
OHYFX
+ 0.83
HLLVX
VSNGX
+ 0.82
MITIX
MRSIX
+ 0.66
HLLVX
MRSIX
+ 0.35
VSNGX
MRSIX
+ 0.26
MITIX
  
High negative correlations   
HLLVX
- 0.47
MITIX
HLLVX
- 0.36
VSNGX

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.

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