JPMorgan Equity Correlations

JPEF Etf

65.23 1.05 1.64%

The current 90-days correlation between JPMorgan Equity Focus and JPMorgan Fundamental Data is 0.9 (i.e., Almost no diversification). The correlation of JPMorgan Equity 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.

JPMorgan Equity Correlation With Market

Poor diversification

The correlation between JPMorgan Equity Focus and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Equity Focus 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 Equity Focus. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with JPMorgan Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500	Pair Corr
0.98	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.75	VIG	Vanguard Dividend	Pair Corr
0.98	VV	Vanguard Large Cap	Pair Corr
0.85	RSP	Invesco SP 500	Pair Corr
0.98	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.99	DFAC	Dimensional Core Equity	Pair Corr
0.98	SPLG	SPDR Portfolio SP	Pair Corr
0.99	UPRO	ProShares UltraPro SP500	Pair Corr
0.92	QTJA	Innovator ETFs Trust	Pair Corr
0.96	QTOC	Innovator ETFs Trust	Pair Corr
0.95	XTOC	Innovator ETFs Trust	Pair Corr
0.7	QTAP	Innovator Growth 100 Low Volatility	Pair Corr
0.91	XTJA	Innovator ETFs Trust	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.92	HD	Home Depot	Pair Corr
0.96	AXP	American Express Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.89	BAC	Bank of America Sell-off Trend	Pair Corr
0.77	MSFT	Microsoft	Pair Corr

Moving against JPMorgan Etf

0.44	GDXU	MicroSectors Gold Miners	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MCDS	VO	MDYG	MDYV	MIDE	MYLD	EFAA	EFFE	EFFI
MCDS		0.95	0.98	0.97	0.99	0.94	-0.45	-0.28	-0.48	MCDS
VO	0.95		0.88	0.96	0.93	0.81	-0.17	-0.06	-0.2	VO
MDYG	0.98	0.88		0.94	0.99	0.98	-0.58	-0.38	-0.61	MDYG
MDYV	0.97	0.96	0.94		0.98	0.9	-0.33	-0.22	-0.36	MDYV
MIDE	0.99	0.93	0.99	0.98		0.96	-0.47	-0.3	-0.5	MIDE
MYLD	0.94	0.81	0.98	0.9	0.96		-0.65	-0.39	-0.67	MYLD
EFAA	-0.45	-0.17	-0.58	-0.33	-0.47	-0.65		0.77	0.99	EFAA
EFFE	-0.28	-0.06	-0.38	-0.22	-0.3	-0.39	0.77		0.78	EFFE
EFFI	-0.48	-0.2	-0.61	-0.36	-0.5	-0.67	0.99	0.78		EFFI
	MCDS	VO	MDYG	MDYV	MIDE	MYLD	EFAA	EFFE	EFFI

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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

MIDE	+ 0.99	MCDS
MIDE	+ 0.99	MDYG
EFFI	+ 0.99	EFAA
MDYG	+ 0.98	MCDS
MYLD	+ 0.98	MDYG
MIDE	+ 0.98	MDYV

High negative correlations

EFFI	- 0.67	MYLD
EFAA	- 0.65	MYLD
EFFI	- 0.61	MDYG
EFAA	- 0.58	MDYG
EFFI	- 0.5	MIDE
EFFI	- 0.48	MCDS

JPMorgan Equity Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Equity ETF 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 Equity'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
MCDS	0.79	(0.08)	0.00	(0.16)	0.00	0.00	1.28	(2.08)	4.01
VO	0.73	(0.04)	0.00	(0.11)	0.00	0.00	1.39	(1.82)	3.64
MDYG	0.95	(0.13)	0.00	(0.21)	0.00	0.00	1.68	(2.37)	4.86
MDYV	0.79	(0.06)	0.00	(0.14)	0.00	0.00	1.24	(1.86)	3.86
MIDE	0.85	(0.10)	0.00	(0.18)	0.00	0.00	1.53	(1.98)	4.05
MYLD	0.78	(0.17)	0.00	(0.27)	0.00	0.00	1.32	(1.65)	4.22
EFAA	0.50	0.10	0.21	0.19	0.54	(0.53)	1.02	(0.94)	3.47
EFFE	0.87	0.10	0.12	0.22	1.16	(0.96)	1.61	(2.05)	6.51
EFFI	0.68	0.11	0.15	0.13	0.81	(0.72)	1.45	(1.31)	4.21

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