Jpmorgan Smartretirement* Correlations

JPSRX Fund  USD 29.16  0.30  1.02%   
The current 90-days correlation between Jpmorgan Smartretirement* and Wmcanx is -0.19 (i.e., Good 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

Good diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is -0.13 (i.e., Good 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.87SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.87SRJZX Jpmorgan SmartretirementPairCorr
  0.87SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.88JPBRX Jpmorgan SmartretirementPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.84JPIVX Jpmorgan Intrepid ValuePairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.88JPTKX Jpmorgan SmartretirementPairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.88JPYRX Jpmorgan Smartretirement*PairCorr

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   
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FURYAXWMCANX
FURYAXFFCGX
FBJYGXFSULTX
IAADXFSULTX
  
High negative correlations   
FBJYGXFURYAX
FURYAXFSULTX
FBJYGXFFCGX
FBJYGXWMCANX
FFCGXFSULTX

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.