Jpmorgan Smartretirement* Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement Blend
JNTLX Fund  USD 33.97  0.20  0.59%   
The current 90-days correlation between Jpmorgan Smartretirement* and College Retirement Equities is 0.22 (i.e., Modest 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

Very weak diversification

The correlation between Jpmorgan Smartretirement Blend 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 Smartretirement Blend 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 Blend. 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 bureau of economic analysis.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.77JPDVX Jpmorgan DiversifiedPairCorr
  0.73OSTAX Jpmorgan Short InterPairCorr
  0.96JTSQX Jp Morgan SmartretirementPairCorr
  0.73JCMAX Jpmorgan Mid CapPairCorr
  0.82JEMDX Jpmorgan Emerging MarketsPairCorr
  0.67JGBZX Jpmorgan Government BondPairCorr
  0.71UBVAX Undiscovered ManagersPairCorr
  0.72UBVLX Undiscovered ManagersPairCorr
  0.86VHIAX Jpmorgan Growth AdvantagePairCorr
  0.78SMTPX Jpmorgan SmartretirementPairCorr
  1.0VTIVX Vanguard Target RetiPairCorr
  0.9AAHTX American Funds 2045PairCorr
  0.88CCHTX American Funds 2045PairCorr
  0.89FATTX American Funds 2045PairCorr
  0.96FFFGX Fidelity Freedom 2045PairCorr
  0.96FJTKX Fidelity Freedom 2045PairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  1.0FIOFX Fidelity Freedom IndexPairCorr
  1.0FFOLX Fidelity Freedom IndexPairCorr
  0.72VTSAX Vanguard Total StockPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.72VTSMX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr
  0.84VSTSX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr
  0.83VFINX Vanguard 500 IndexPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.89GSWPX Goldman Sachs SmallmidPairCorr
  0.89VOLJX Abr 7525 VolatilityPairCorr
  0.7LTMIX Thornburg Limited TermPairCorr
  0.81ALCEX Avantis Large CapPairCorr

Related Correlations Analysis

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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.

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