Jpmorgan Floating Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Floating Rate
JPHSX Fund  USD 8.28  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and John Hancock High is 0.14 (i.e., Average diversification). The correlation of Jpmorgan Floating 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 Floating Correlation With Market

Average diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Floating Rate 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 Floating Rate. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.7SRJIX Jpmorgan SmartretirementPairCorr
  0.7SRJQX Jpmorgan SmartretirementPairCorr
  0.71SRJPX Jpmorgan SmartretirementPairCorr
  0.7SRJSX Jpmorgan SmartretirementPairCorr
  0.7SRJYX Jpmorgan SmartretirementPairCorr
  0.71SRJZX Jpmorgan SmartretirementPairCorr
  0.71SRJCX Jpmorgan SmartretirementPairCorr
  0.73SRJAX Jpmorgan SmartretirementPairCorr
  0.67OSGIX Jpmorgan Mid CapPairCorr
  0.68JPBRX Jpmorgan SmartretirementPairCorr
  0.72JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPHAX Jpmorgan Floating RatePairCorr
  0.93JPHCX Jpmorgan Floating RatePairCorr
  0.76JPIVX Jpmorgan Intrepid ValuePairCorr
  0.63OSVCX Jpmorgan Small CapPairCorr
  0.94JPHRX Jpmorgan Floating RatePairCorr
  0.73JPPEX Jpmorgan Mid CapPairCorr
  0.69JPRRX Jpmorgan SmartretirementPairCorr
  0.73JPTBX Jpmorgan Smartretirement*PairCorr
  0.68JPTKX Jpmorgan SmartretirementPairCorr
  0.68JPTLX Jpmorgan SmartretirementPairCorr
  0.67JPYRX Jpmorgan Smartretirement*PairCorr
  0.66PGSGX Jpmorgan Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Floating 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 Floating'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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