Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JOBEX Fund  USD 31.53  0.04  0.13%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement Blend is 1.0 (i.e., No risk reduction). 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 poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.85 (i.e., Very poor 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 income.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.88SRJAX Jpmorgan SmartretirementPairCorr
  0.87JPDVX Jpmorgan DiversifiedPairCorr
  0.97JRBBX Jpmorgan Smartretirement*PairCorr
  1.0JAAYX Jpmorgan SmartretirementPairCorr
  0.99JAKZX Jpmorgan SmartretirementPairCorr
  0.99JAKYX Jpmorgan SmartretirementPairCorr
  0.99JSAQX Jpmorgan SmartretirementPairCorr
  0.99JSAPX Jpmorgan SmartretirementPairCorr
  0.99JSAYX Jpmorgan SmartretirementPairCorr
  0.69JAMCX Jpmorgan Mid CapPairCorr
  0.88JSAAX Jpmorgan SmartretirementPairCorr
  0.88JSIZX Jpmorgan SmartretirementPairCorr
  0.97JSMYX Jpmorgan SmartretirementPairCorr
  0.87JSRSX Jpmorgan SmartretirementPairCorr
  0.78JBBSX Jpmorgan SmartretirementPairCorr
  0.87JSTKX Jpmorgan Smartretirement*PairCorr
  0.91JBRSX Jpmorgan SmartretirementPairCorr
  0.99JTSQX Jp Morgan SmartretirementPairCorr
  0.99JTSSX Jpmorgan SmartretirementPairCorr
  0.87JTTQX Jpmorgan SmartretirementPairCorr
  0.99JTSAX 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.

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