Jpmorgan Preferred Correlations

JPDIX Fund

USD 9.67 0.01 0.10%

The current 90-days correlation between Jpmorgan Preferred And and Energy Basic Materials is -0.27 (i.e., Very good diversification). The correlation of Jpmorgan Preferred 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 Preferred Correlation With Market

Good diversification

The correlation between Jpmorgan Preferred And and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Preferred And 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 Preferred And. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

1.0	JPDAX	Jpmorgan Preferred And	Pair Corr
0.96	JPDCX	Jpmorgan Preferred And	Pair Corr
1.0	JPDRX	Jpmorgan Preferred And	Pair Corr
0.94	OSTAX	Jpmorgan Short-intermedia	Pair Corr
0.85	OSTCX	Jpmorgan Short Duration	Pair Corr
0.93	OSTSX	Jpmorgan Short-intermedia	Pair Corr
0.86	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.84	JPICX	Jpmorgan California Tax	Pair Corr
0.89	OBDCX	Jpmorgan E Plus	Pair Corr
0.87	JPVRX	Jpmorgan International	Pair Corr
0.87	JPVZX	Jpmorgan International	Pair Corr
0.88	OBOCX	Jpmorgan E Bond	Pair Corr
0.83	EMREX	Jpmorgan Trust Iv	Pair Corr

Moving against Jpmorgan Mutual Fund

0.53	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.51	OSGCX	Jpmorgan Small Cap	Pair Corr
0.41	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.48	OSVCX	Jpmorgan Small Cap	Pair Corr
0.38	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.5	PGSGX	Jpmorgan Small Cap	Pair Corr

Related Correlations Analysis

	SEPIX	XGNTX	FIKAX	BACCX	GRHAX	XEMOX
SEPIX		0.71	0.9	0.93	0.77	0.87	SEPIX
XGNTX	0.71		0.4	0.6	0.28	0.74	XGNTX
FIKAX	0.9	0.4		0.92	0.89	0.77	FIKAX
BACCX	0.93	0.6	0.92		0.77	0.8	BACCX
GRHAX	0.77	0.28	0.89	0.77		0.62	GRHAX
XEMOX	0.87	0.74	0.77	0.8	0.62		XEMOX
	SEPIX	XGNTX	FIKAX	BACCX	GRHAX	XEMOX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Preferred 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 Preferred'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEPIX	0.74	0.07	0.08	0.10	0.98	(0.78)	1.44	(1.69)	4.34
XGNTX	0.56	0.08	0.13	2.80	0.75	(0.60)	1.26	(1.07)	3.07
FIKAX	1.01	0.10	0.07	0.12	1.52	(0.97)	1.80	(2.57)	6.59
BACCX	0.82	0.12	0.11	0.20	1.20	(0.81)	1.49	(2.08)	5.48
GRHAX	1.17	0.07	0.04	0.07	1.90	(1.07)	2.46	(3.31)	8.53
XEMOX	1.14	0.10	0.08	(1.00)	1.44	(1.22)	2.29	(2.24)	6.66

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