Jpmorgan Income Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Income Builder
JNBCX Fund  USD 9.86  0.04  0.41%   
The correlation of Jpmorgan Income 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 Income Correlation With Market

Very weak diversification

The correlation between Jpmorgan Income Builder and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Income Builder 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 Income Builder. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.93SRJIX Jpmorgan SmartretirementPairCorr
  0.93SRJQX Jpmorgan SmartretirementPairCorr
  0.92SRJPX Jpmorgan SmartretirementPairCorr
  0.93SRJSX Jpmorgan SmartretirementPairCorr
  0.93SRJYX Jpmorgan SmartretirementPairCorr
  0.92SRJZX Jpmorgan SmartretirementPairCorr
  0.92SRJCX Jpmorgan SmartretirementPairCorr
  0.88SRJAX Jpmorgan SmartretirementPairCorr
  0.81OSGIX Jpmorgan Mid CapPairCorr
  0.9JPBRX Jpmorgan Smartretirement*PairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.86JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.75JPIVX Jpmorgan Intrepid ValuePairCorr
  0.79OSVCX Jpmorgan Small CapPairCorr
  0.83OBBCX Jpmorgan Mortgage-backedPairCorr
  0.72JPICX Jpmorgan California TaxPairCorr
  0.77OBDCX Jpmorgan E PlusPairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr
  0.91JPRRX Jpmorgan SmartretirementPairCorr
  0.79JPTBX Jpmorgan Smartretirement*PairCorr
  0.9JPTKX Jpmorgan Smartretirement*PairCorr
  0.91JPTLX Jpmorgan Smartretirement*PairCorr
  0.9JPSRX Jpmorgan Smartretirement*PairCorr
  0.61JPVZX Jpmorgan InternationalPairCorr
  0.75OBOCX Jpmorgan E BondPairCorr
  0.8JPYRX Jpmorgan SmartretirementPairCorr

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   
VFAIX
+ 0.97
BTO
BTO
+ 0.95
FIKBX
VFAIX
+ 0.92
FIKBX
IAAEX
+ 0.64
FIKBX
BTO
+ 0.6
XFINX
VFAIX
+ 0.56
XFINX
  
High negative correlations   
VFAIX
- 0.0
FTIXX
BTO
- 0.0
FTIXX
IAAEX
- 0.0
FTIXX
FIKBX
- 0.0
FTIXX
XFINX
- 0.0
FTIXX

Risk-Adjusted Indicators

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