Jpmorgan International Correlations

Mutual Funds . USA . 
Fund . Jpmorgan International Equity
JSEAX Fund  USD 20.20  0.13  0.65%   
The current 90-days correlation between Jpmorgan International and Jpmorgan Emerging Markets is -0.05 (i.e., Good 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

Good diversification

The correlation between Jpmorgan International Equity and DJI is -0.18 (i.e., Good 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

  0.69JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDCX Jpmorgan Preferred AndPairCorr
  0.72JPDIX Jpmorgan Preferred AndPairCorr
  0.67JPDRX Jpmorgan Preferred AndPairCorr
  0.91OSTAX Jpmorgan Short-intermediaPairCorr
  0.92OSTCX Jpmorgan Short DurationPairCorr
  0.93OSTSX Jpmorgan Short-intermediaPairCorr
  0.75OBBCX Jpmorgan Mortgage-backedPairCorr
  0.63JPICX Jpmorgan California TaxPairCorr
  0.79OBDCX Jpmorgan E PlusPairCorr
  0.98JPVRX Jpmorgan InternationalPairCorr
  0.68JPVZX Jpmorgan InternationalPairCorr
  0.69OBOCX Jpmorgan E BondPairCorr
  0.67EMREX Jpmorgan Trust IvPairCorr

Moving against Jpmorgan Mutual Fund

  0.4JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.39OSGCX Jpmorgan Small CapPairCorr
  0.33OSGIX Jpmorgan Mid CapPairCorr
  0.4OSVCX Jpmorgan Small CapPairCorr
  0.39JPPEX Jpmorgan Mid CapPairCorr
  0.39PGSGX Jpmorgan Small CapPairCorr

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
+ 0.98
VSEAX
OHYAX
+ 0.78
PGBOX
OHYAX
+ 0.7
JFAMX
PGBOX
+ 0.64
JFAMX
  
High negative correlations   
VSEAX
- 0.69
PGBOX
JCMAX
- 0.61
PGBOX
VSEAX
- 0.31
JFAMX
JCMAX
- 0.19
JFAMX
OHYAX
- 0.16
VSEAX
OHYAX
- 0.04
JCMAX

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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