Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTBX Fund  USD 32.69  0.48  1.45%   
The current 90-days correlation between Jpmorgan Smartretirement* and Pimco Inflation Response is 0.12 (i.e., Average 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 -0.12 (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 various price indices.

Moving together with Jpmorgan Mutual Fund

  0.86SRJIX Jpmorgan SmartretirementPairCorr
  0.86SRJQX Jpmorgan SmartretirementPairCorr
  0.86SRJPX Jpmorgan SmartretirementPairCorr
  0.86SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.86SRJZX Jpmorgan SmartretirementPairCorr
  0.86SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.66JPHAX Jpmorgan Floating RatePairCorr
  0.61JPHCX Jpmorgan Floating RatePairCorr
  0.93JPIVX Jpmorgan Intrepid ValuePairCorr
  0.62OSVCX Jpmorgan Small CapPairCorr
  0.74JPHSX Jpmorgan Floating RatePairCorr
  0.7JPHRX Jpmorgan Floating RatePairCorr
  0.72JPPEX Jpmorgan Mid CapPairCorr
  0.98JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTKX Jpmorgan SmartretirementPairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.98JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

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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.

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