Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPYRX Fund  USD 29.92  0.03  0.10%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement Blend is 1.0 (i.e., No risk reduction). 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

Very weak diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.54 (i.e., Very weak 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

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.82SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.81SRJZX Jpmorgan SmartretirementPairCorr
  0.8SRJCX Jpmorgan SmartretirementPairCorr
  0.82SRJAX Jpmorgan SmartretirementPairCorr
  0.62OSGCX Jpmorgan Small CapPairCorr
  1.0JPBRX Jpmorgan Smartretirement*PairCorr
  0.81JPDAX Jpmorgan Preferred AndPairCorr
  0.82JPDIX Jpmorgan Preferred AndPairCorr
  0.8JPDRX Jpmorgan Preferred AndPairCorr
  0.8JPDVX Jpmorgan DiversifiedPairCorr
  0.86OSTAX Jpmorgan Short-intermediaPairCorr
  0.86OSTSX Jpmorgan Short-intermediaPairCorr
  0.8OBBCX Jpmorgan Mortgage-backedPairCorr
  0.62JPICX Jpmorgan California TaxPairCorr
  0.81OBDCX Jpmorgan E PlusPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan Smartretirement*PairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.8JPVRX Jpmorgan InternationalPairCorr
  0.8JPVZX Jpmorgan InternationalPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.84EMREX Jpmorgan Trust IvPairCorr
  0.84EMRSX Jpmorgan Emerging MarketsPairCorr

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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