Jpmorgan High Correlations

Mutual Funds . USA . 
Fund . Jpmorgan High Yield
JRJKX Fund  USD 6.53  0.01  0.15%   
The current 90-days correlation between Jpmorgan High Yield and Transam Short Term Bond is 0.27 (i.e., Modest diversification). The correlation of Jpmorgan High 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 High Correlation With Market

Modest diversification

The correlation between Jpmorgan High Yield and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan High Yield 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 High Yield. 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 industry.

Moving together with Jpmorgan Mutual Fund

  0.71SRJIX Jpmorgan SmartretirementPairCorr
  0.7SRJQX Jpmorgan SmartretirementPairCorr
  0.69SRJPX Jpmorgan SmartretirementPairCorr
  0.7SRJSX Jpmorgan SmartretirementPairCorr
  0.71SRJYX Jpmorgan SmartretirementPairCorr
  0.69SRJZX Jpmorgan SmartretirementPairCorr
  0.67SRJCX Jpmorgan SmartretirementPairCorr
  0.69SRJAX Jpmorgan SmartretirementPairCorr
  0.71JPBRX Jpmorgan SmartretirementPairCorr
  0.87JPDAX Jpmorgan Preferred AndPairCorr
  0.87JPDCX Jpmorgan Preferred AndPairCorr
  0.87JPDIX Jpmorgan Preferred AndPairCorr
  0.87JPDRX Jpmorgan Preferred AndPairCorr
  0.72JPDVX Jpmorgan DiversifiedPairCorr
  0.75OSTAX Jpmorgan Short-intermediaPairCorr
  0.75OSTCX Jpmorgan Short DurationPairCorr
  0.69JPIVX Jpmorgan Intrepid ValuePairCorr
  0.73OSTSX Jpmorgan Short-intermediaPairCorr
  0.75OBBCX Jpmorgan Mortgage-backedPairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.8OBDCX Jpmorgan E PlusPairCorr
  0.68JPRRX Jpmorgan SmartretirementPairCorr
  0.7JPTKX Jpmorgan SmartretirementPairCorr
  0.69JPTLX Jpmorgan SmartretirementPairCorr
  0.66JPSRX Jpmorgan Smartretirement*PairCorr
  0.65JPVRX Jpmorgan InternationalPairCorr
  0.77JPVZX Jpmorgan InternationalPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.71JPYRX Jpmorgan Smartretirement*PairCorr
  0.74EMREX Jpmorgan Trust IvPairCorr
  0.74EMRSX 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 High 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 High'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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