Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2045
JSACX Fund  USD 21.50  0.12  0.56%   
The current 90-days correlation between Jpmorgan Smartretirement and Fidelity Advisor Health is 0.28 (i.e., Modest 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

Weak diversification

The correlation between Jpmorgan Smartretirement 2045 and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2045 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 2045. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.86OSGIX Jpmorgan Mid CapPairCorr
  0.84JPBRX Jpmorgan Smartretirement*PairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.87JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61OSTAX Jpmorgan Short-intermediaPairCorr
  0.89JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.81OBBCX Jpmorgan Mortgage-backedPairCorr
  0.67JPICX Jpmorgan California TaxPairCorr
  0.83OBDCX Jpmorgan E PlusPairCorr
  0.87JPPEX Jpmorgan Mid CapPairCorr
  0.86JPRRX Jpmorgan SmartretirementPairCorr
  0.82JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan Smartretirement*PairCorr
  0.85JPTLX Jpmorgan Smartretirement*PairCorr
  0.85JPSRX Jpmorgan Smartretirement*PairCorr
  0.64JPVRX Jpmorgan InternationalPairCorr
  0.65JPVZX Jpmorgan InternationalPairCorr
  0.79OBOCX Jpmorgan E BondPairCorr
  0.84JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.32JPHAX Jpmorgan Floating RatePairCorr
  0.32JPHSX Jpmorgan Floating RatePairCorr

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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