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.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
0.61 | SRJIX | Jpmorgan Smartretirement | PairCorr |
0.61 | SRJQX | Jpmorgan Smartretirement | PairCorr |
0.61 | SRJPX | Jpmorgan Smartretirement | PairCorr |
0.61 | SRJSX | Jpmorgan Smartretirement | PairCorr |
0.62 | SRJYX | Jpmorgan Smartretirement | PairCorr |
0.82 | OSGCX | Jpmorgan Small Cap | PairCorr |
0.91 | OSGIX | Jpmorgan Mid Cap | PairCorr |
0.81 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |
0.61 | JPHCX | Jpmorgan Floating Rate | PairCorr |
0.95 | JPIVX | Jpmorgan Intrepid Value | PairCorr |
0.98 | OSVCX | Jpmorgan Small Cap | PairCorr |
0.61 | JPHSX | Jpmorgan Floating Rate | PairCorr |
0.91 | JPPEX | Jpmorgan Mid Cap | PairCorr |
Moving against Jpmorgan Mutual Fund
0.44 | OBDCX | Jpmorgan E Plus | PairCorr |
0.39 | OSTCX | Jpmorgan Short Duration | PairCorr |
0.39 | OBBCX | Jpmorgan Mortgage | PairCorr |
0.48 | JPVRX | Jpmorgan International | PairCorr |
0.48 | JPVZX | Jpmorgan International | PairCorr |
0.4 | OBOCX | Jpmorgan E Bond | PairCorr |
0.4 | PGBOX | Jpmorgan E Bond | PairCorr |
0.39 | EMREX | Jpmorgan Trust Iv | PairCorr |
0.35 | EMRSX | Jpmorgan Emerging Markets | PairCorr |
0.31 | STMCX | Jpmorgan Short Inter | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |