JPMorgan USD Correlations

JPMB Etf

USD 38.73 0.05 0.13%

The current 90-days correlation between JPMorgan USD Emerging and JPMorgan Fundamental Data is 0.56 (i.e., Very weak diversification). The correlation of JPMorgan USD 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 USD Correlation With Market

Weak diversification

The correlation between JPMorgan USD Emerging and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan USD Emerging 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 USD Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with JPMorgan Etf

0.99	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.97	PCY	Invesco Emerging Markets	Pair Corr
0.86	HYEM	VanEck Emerging Markets	Pair Corr
0.94	EMHY	iShares JP Morgan	Pair Corr
0.96	CEMB	iShares JP Morgan	Pair Corr
0.9	XEMD	Bondbloxx ETF Trust	Pair Corr
0.99	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.94	EMBD	Global X Emerging	Pair Corr
0.94	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.85	EMCB	WisdomTree Emerging	Pair Corr
0.92	WIP	SPDR FTSE International	Pair Corr
0.8	ISHG	iShares 1 3	Pair Corr
0.85	IGOV	iShares International	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.76	MCD	McDonalds	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.89	T	ATT Inc Earnings Call This Week	Pair Corr
0.78	IBM	International Business	Pair Corr
0.87	VZ	Verizon Communications	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.83	KO	Coca Cola	Pair Corr
0.68	MMM	3M Company	Pair Corr

Moving against JPMorgan Etf

0.77	EU	enCore Energy Corp	Pair Corr
0.6	AA	Alcoa Corp	Pair Corr
0.6	MSFT	Microsoft	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.38	AXP	American Express	Pair Corr

Related Correlations Analysis

	MCDS	JPUHF	JAGG	JAVA	JCPB	JCPI	JDOC	JEMA	JEPI
MCDS		-0.4	-0.46	0.81	-0.49	-0.46	0.04	-0.16	0.59	MCDS
JPUHF	-0.4		0.6	0.13	0.71	0.82	0.74	0.63	0.3	JPUHF
JAGG	-0.46	0.6		0.0	0.94	0.89	0.63	0.66	0.29	JAGG
JAVA	0.81	0.13	0.0		0.03	0.11	0.57	0.3	0.9	JAVA
JCPB	-0.49	0.71	0.94	0.03		0.97	0.7	0.68	0.32	JCPB
JCPI	-0.46	0.82	0.89	0.11	0.97		0.78	0.7	0.38	JCPI
JDOC	0.04	0.74	0.63	0.57	0.7	0.78		0.61	0.7	JDOC
JEMA	-0.16	0.63	0.66	0.3	0.68	0.7	0.61		0.54	JEMA
JEPI	0.59	0.3	0.29	0.9	0.32	0.38	0.7	0.54		JEPI
	MCDS	JPUHF	JAGG	JAVA	JCPB	JCPI	JDOC	JEMA	JEPI

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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

JCPI	+ 0.97	JCPB
JCPB	+ 0.94	JAGG
JEPI	+ 0.9	JAVA
JCPI	+ 0.89	JAGG
JCPI	+ 0.82	JPUHF
JAVA	+ 0.81	MCDS

High negative correlations

JCPB	- 0.49	MCDS
JCPI	- 0.46	MCDS
JAGG	- 0.46	MCDS
JPUHF	- 0.4	MCDS
JEMA	- 0.16	MCDS
JAVA	- 0.0	JAGG

JPMorgan USD Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan USD 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 USD'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	(0.07)	0.00	(0.15)	0.00	0.00	1.28	(2.08)	4.01
JPUHF	0.08	0.01	0.26	(0.24)	0.00	(0.27)	0.41	(0.20)	0.96
JAGG	0.25	(0.01)	0.22	0.16	0.29	(0.26)	0.58	(0.42)	1.34
JAVA	0.66	0.00	0.00	(0.08)	0.00	0.00	1.27	(1.57)	3.65
JCPB	0.23	0.01	0.29	0.19	0.23	(0.25)	0.48	(0.39)	1.36
JCPI	0.20	0.02	0.40	0.26	0.14	(0.23)	0.41	(0.36)	1.24
JDOC	0.65	0.06	0.12	0.04	0.74	(0.74)	1.32	(1.19)	4.16
JEMA	0.81	0.07	0.10	0.07	1.06	(0.81)	1.74	(1.78)	5.30
JEPI	0.52	0.01	0.00	(0.07)	0.00	0.00	0.91	(1.23)	2.61

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