Jpmorgan Short Correlations

JSDHX Fund

USD 9.29 0.01 0.11%

The current 90-days correlation between Jpmorgan Short Duration and Jpmorgan Smartretirement 2035 is 0.3 (i.e., Weak diversification). The correlation of Jpmorgan Short 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 Short Correlation With Market

Significant diversification

The correlation between Jpmorgan Short Duration and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Short Duration 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 Short Duration. 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 rate.

Moving together with Jpmorgan Mutual Fund

0.85	OSTAX	Jpmorgan Short Inter	Pair Corr
0.98	OSTCX	Jpmorgan Short Duration	Pair Corr
0.81	OSTSX	Jpmorgan Short Inter	Pair Corr
0.96	OBBCX	Jpmorgan Mortgage	Pair Corr
0.76	JPICX	Jpmorgan California Tax	Pair Corr
0.93	OBDCX	Jpmorgan E Plus	Pair Corr
0.81	JPVRX	Jpmorgan International	Pair Corr
0.82	JPVZX	Jpmorgan International	Pair Corr
0.96	OBOCX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.74	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.55	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.52	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.45	OSGCX	Jpmorgan Small Cap	Pair Corr
0.74	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.73	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.72	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.55	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.54	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.41	OSVCX	Jpmorgan Small Cap	Pair Corr
0.48	PGSGX	Jpmorgan Small Cap	Pair Corr

Related Correlations Analysis

	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX
SRJIX		1.0	1.0	1.0	1.0	1.0	0.89	1.0	0.73	0.73	SRJIX
SRJQX	1.0		1.0	1.0	1.0	1.0	0.89	1.0	0.73	0.73	SRJQX
SRJPX	1.0	1.0		1.0	1.0	1.0	0.89	1.0	0.72	0.72	SRJPX
SRJSX	1.0	1.0	1.0		1.0	1.0	0.89	1.0	0.73	0.73	SRJSX
SRJYX	1.0	1.0	1.0	1.0		1.0	0.89	1.0	0.74	0.74	SRJYX
SRJZX	1.0	1.0	1.0	1.0	1.0		0.89	1.0	0.71	0.71	SRJZX
SRJCX	0.89	0.89	0.89	0.89	0.89	0.89		0.89	0.72	0.64	SRJCX
SRJAX	1.0	1.0	1.0	1.0	1.0	1.0	0.89		0.72	0.72	SRJAX
OSGCX	0.73	0.73	0.72	0.73	0.74	0.71	0.72	0.72		0.94	OSGCX
OSGIX	0.73	0.73	0.72	0.73	0.74	0.71	0.64	0.72	0.94		OSGIX
	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Short 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 Short'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRJIX	0.35	0.00	(0.13)	0.10	0.33	(0.39)	0.86	(0.66)	2.35
SRJQX	0.36	0.00	(0.13)	0.09	0.33	(0.39)	0.90	(0.71)	2.40
SRJPX	0.35	0.00	(0.13)	0.09	0.33	(0.39)	0.87	(0.68)	2.39
SRJSX	0.35	0.00	(0.13)	0.09	0.33	(0.38)	0.86	(0.67)	2.35
SRJYX	0.36	0.00	(0.12)	0.10	0.34	(0.39)	0.86	(0.66)	2.39
SRJZX	0.35	(0.01)	(0.13)	0.09	0.33	(0.38)	0.87	(0.68)	2.44
SRJCX	0.36	0.05	(0.09)	1.11	0.31	(0.41)	0.88	(0.68)	2.42
SRJAX	0.35	0.00	(0.13)	0.09	0.33	(0.38)	0.86	(0.67)	2.38
OSGCX	0.85	0.16	0.09	0.71	0.81	(0.96)	1.96	(1.59)	6.63
OSGIX	0.86	(0.02)	0.00	0.08	1.79	(0.83)	1.58	(1.74)	5.35

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