Jpmorgan Smartretirement Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement 2025
JNSYX Fund  USD 16.83  0.06  0.36%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.97 (i.e., Almost no diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Weak diversification

The correlation between Jpmorgan Smartretirement 2025 and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2025 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 Smartretirement 2025. 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.82OSGIX Jpmorgan Mid CapPairCorr
  0.88JPBRX Jpmorgan Smartretirement*PairCorr
  0.63JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDCX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.85JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67OSTAX Jpmorgan Short-intermediaPairCorr
  0.84JPIVX Jpmorgan Intrepid ValuePairCorr
  0.87OSVCX Jpmorgan Small CapPairCorr
  0.89OBBCX Jpmorgan Mortgage-backedPairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.9OBDCX Jpmorgan E PlusPairCorr
  0.84JPPEX Jpmorgan Mid CapPairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.88JPTKX Jpmorgan Smartretirement*PairCorr
  0.89JPTLX Jpmorgan Smartretirement*PairCorr
  0.88JPSRX Jpmorgan Smartretirement*PairCorr
  0.69JPVRX Jpmorgan InternationalPairCorr
  0.7JPVZX Jpmorgan InternationalPairCorr
  0.84OBOCX Jpmorgan E BondPairCorr
  0.87JPYRX Jpmorgan SmartretirementPairCorr

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 Smartretirement 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 Smartretirement'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  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.12 
SRJQX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.08)
 3.17 
SRJPX  0.43 (0.06) 0.00 (0.20) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.11 
SRJYX  0.44 (0.05) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.08)
 3.11 
SRJZX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.84 
(1.10)
 3.06 
SRJCX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.80 
(1.10)
 3.14 
SRJAX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.09)
 3.15 
OSGCX  0.91  0.06  0.04  0.17  1.19 
(0.96)
 1.79 
(1.68)
 8.94 
OSGIX  1.01 (0.04) 0.00 (0.06) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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