Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2045
JSASX Fund  USD 23.43  0.05  0.21%   
The current 90-days correlation between Jpmorgan Smartretirement and Multimedia Portfolio Multimedia is -0.09 (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

Poor diversification

The correlation between Jpmorgan Smartretirement 2045 and DJI is 0.76 (i.e., Poor 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 state.

Moving together with Jpmorgan Mutual Fund

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.79OSGCX Jpmorgan Small CapPairCorr
  0.8OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.65JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.69JPDRX Jpmorgan Preferred AndPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.87JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.66JPHAX Jpmorgan Floating RatePairCorr
  0.66JPHCX Jpmorgan Floating RatePairCorr
  0.73JPIVX Jpmorgan Intrepid ValuePairCorr
  0.74OSVCX Jpmorgan Small CapPairCorr
  0.65JPHSX Jpmorgan Floating RatePairCorr
  0.64JPHRX Jpmorgan Floating RatePairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.91JPTBX Jpmorgan SmartretirementPairCorr
  0.96JPTKX Jpmorgan SmartretirementPairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.96JPSRX Jpmorgan SmartretirementPairCorr
  0.88JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.37OBBCX Jpmorgan MortgagePairCorr
  0.37OBDCX Jpmorgan E PlusPairCorr
  0.39OBOCX Jpmorgan E BondPairCorr
  0.37PGBOX Jpmorgan E BondPairCorr

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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