Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JOBYX Fund  USD 32.17  0.05  0.16%   
The current 90-days correlation between Jpmorgan Smartretirement* and Shelton Emerging Markets is 0.32 (i.e., Weak 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 0.53 (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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.82SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.81SRJZX Jpmorgan SmartretirementPairCorr
  0.8SRJCX Jpmorgan SmartretirementPairCorr
  0.76SRJAX Jpmorgan SmartretirementPairCorr
  1.0JPBRX Jpmorgan Smartretirement*PairCorr
  0.8JPDAX Jpmorgan Preferred AndPairCorr
  0.73JPDCX Jpmorgan Preferred AndPairCorr
  0.81JPDIX Jpmorgan Preferred AndPairCorr
  0.79JPDRX Jpmorgan Preferred AndPairCorr
  0.79JPDVX Jpmorgan DiversifiedPairCorr
  0.84OSTAX Jpmorgan Short-intermediaPairCorr
  0.85OSTSX Jpmorgan Short-intermediaPairCorr
  0.77OBBCX Jpmorgan Mortgage-backedPairCorr
  0.78OBDCX Jpmorgan E PlusPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan Smartretirement*PairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPVRX Jpmorgan InternationalPairCorr
  0.79JPVZX Jpmorgan InternationalPairCorr
  0.74OBOCX Jpmorgan E BondPairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.83EMREX Jpmorgan Trust IvPairCorr

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   
PIEQX
+ 0.86
CSQAX
GMCOX
+ 0.85
FZNQEX
PIEQX
+ 0.8
EMSLX
CSQAX
+ 0.71
EMSLX
CSQAX
+ 0.63
OPTCX
GMCOX
+ 0.62
PIEQX
  
High negative correlations   
FZNQEX
- 0.05
CSQAX

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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