Jpmorgan International Correlations

Mutual Funds . USA . 
Fund . Jpmorgan International Equity
JSEAX Fund  USD 19.78  0.21  1.05%   
The current 90-days correlation between Jpmorgan International and Jpmorgan Emerging Markets is 0.67 (i.e., Poor diversification). The correlation of Jpmorgan International 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 International Correlation With Market

Very weak diversification

The correlation between Jpmorgan International Equity and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan International Equity 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 International Equity. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.85JPBRX Jpmorgan Smartretirement*PairCorr
  0.84JPDAX Jpmorgan Preferred AndPairCorr
  0.82JPDCX Jpmorgan Preferred AndPairCorr
  0.84JPDIX Jpmorgan Preferred AndPairCorr
  0.85JPDRX Jpmorgan Preferred AndPairCorr
  0.89OSTAX Jpmorgan Short-intermediaPairCorr
  0.83OSTCX Jpmorgan Short DurationPairCorr
  0.92OSTSX Jpmorgan Short-intermediaPairCorr
  0.69OBBCX Jpmorgan Mortgage-backedPairCorr
  0.69OBDCX Jpmorgan E PlusPairCorr
  0.83JPRRX Jpmorgan SmartretirementPairCorr
  0.83JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan Smartretirement*PairCorr
  0.83JPTLX Jpmorgan Smartretirement*PairCorr
  0.85JPSRX Jpmorgan Smartretirement*PairCorr
  0.98JPVRX Jpmorgan InternationalPairCorr
  0.98JPVZX Jpmorgan InternationalPairCorr
  0.64OBOCX Jpmorgan E BondPairCorr
  0.86JPYRX Jpmorgan SmartretirementPairCorr
  0.86EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JCMAX
+ 0.96
VSEAX
OHYAX
+ 0.84
JFAMX
OHYAX
+ 0.67
PGBOX
PGBOX
+ 0.53
JFAMX
JCMAX
+ 0.47
PGBOX
VSEAX
+ 0.45
PGBOX
  
High negative correlations   
VSEAX
- 0.09
JFAMX
OHYAX
- 0.05
VSEAX

Risk-Adjusted Indicators

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