Jpmorgan Small Correlations

JSEZX Fund  USD 41.71  0.33  0.78%   
The current 90-days correlation between Jpmorgan Small Cap and Jpmorgan Smartretirement 2035 is 0.53 (i.e., Very weak diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Very weak diversification

The correlation between Jpmorgan Small Cap and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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

  0.61SRJIX Jpmorgan SmartretirementPairCorr
  0.61SRJQX Jpmorgan SmartretirementPairCorr
  0.61SRJPX Jpmorgan SmartretirementPairCorr
  0.61SRJSX Jpmorgan SmartretirementPairCorr
  0.62SRJYX Jpmorgan SmartretirementPairCorr
  0.82OSGCX Jpmorgan Small CapPairCorr
  0.91OSGIX Jpmorgan Mid CapPairCorr
  0.81JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.98OSVCX Jpmorgan Small CapPairCorr
  0.61JPHSX Jpmorgan Floating RatePairCorr
  0.91JPPEX Jpmorgan Mid CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.44OBDCX Jpmorgan E PlusPairCorr
  0.39OSTCX Jpmorgan Short DurationPairCorr
  0.39OBBCX Jpmorgan MortgagePairCorr
  0.48JPVRX Jpmorgan InternationalPairCorr
  0.48JPVZX Jpmorgan InternationalPairCorr
  0.4OBOCX Jpmorgan E BondPairCorr
  0.4PGBOX Jpmorgan E BondPairCorr
  0.39EMREX Jpmorgan Trust IvPairCorr
  0.35EMRSX Jpmorgan Emerging MarketsPairCorr
  0.31STMCX Jpmorgan Short InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.35 (0.01)(0.13) 0.07  0.37 
 0.86 
 2.35 
SRJQX  0.35 (0.01)(0.13) 0.07  0.37 
 0.90 
 2.40 
SRJPX  0.35 (0.01)(0.13) 0.07  0.38 
 0.87 
 2.39 
SRJSX  0.35 (0.01)(0.13) 0.07  0.38 
 0.86 
 2.35 
SRJYX  0.35 (0.01)(0.12) 0.07  0.38 
 0.86 
 2.39 
SRJZX  0.35 (0.01)(0.13) 0.07  0.38 
 0.87 
 2.44 
SRJCX  0.36 (0.01)(0.13) 0.06  0.38 
 0.88 
 2.42 
SRJAX  0.35 (0.01)(0.13) 0.07  0.37 
 0.86 
 2.38 
OSGCX  0.86  0.02  0.05  0.10  0.87 
 1.96 
 6.63 
OSGIX  0.86 (0.03)(0.01) 0.07  1.80 
 1.58 
 11.84