Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Income
JSIYX Fund  USD 15.42  0.06  0.39%   
The current 90-days correlation between Jpmorgan Smartretirement and Ab High Income is 0.07 (i.e., Significant diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Very weak diversification

The correlation between Jpmorgan Smartretirement Incom and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Incom 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 Smartretirement Income. 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.68SRJIX Jpmorgan SmartretirementPairCorr
  0.93SRJQX Jpmorgan SmartretirementPairCorr
  0.92SRJPX Jpmorgan SmartretirementPairCorr
  0.93SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.92SRJZX Jpmorgan SmartretirementPairCorr
  0.91SRJCX Jpmorgan SmartretirementPairCorr
  0.93SRJAX Jpmorgan SmartretirementPairCorr
  0.63OSGIX Jpmorgan Mid CapPairCorr
  0.95JPBRX Jpmorgan Smartretirement*PairCorr
  0.73JPDIX Jpmorgan Preferred AndPairCorr
  0.64JPDVX Jpmorgan DiversifiedPairCorr
  0.65JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.68JPHAX Jpmorgan Floating RatePairCorr
  0.69JPHCX Jpmorgan Floating RatePairCorr
  0.63OSTAX Jpmorgan Short-intermediaPairCorr
  0.64JPIVX Jpmorgan Intrepid ValuePairCorr
  0.66OSVCX Jpmorgan Small CapPairCorr
  0.66JPHSX Jpmorgan Floating RatePairCorr
  0.66JPHRX Jpmorgan Floating RatePairCorr
  0.71OBBCX Jpmorgan Mortgage-backedPairCorr
  0.63JPICX Jpmorgan California TaxPairCorr
  0.65JPPEX Jpmorgan Mid CapPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.88JPTBX Jpmorgan Smartretirement*PairCorr
  0.95JPTKX Jpmorgan Smartretirement*PairCorr
  0.66JPTLX Jpmorgan Smartretirement*PairCorr
  0.94JPSRX Jpmorgan Smartretirement*PairCorr
  0.7OBOCX Jpmorgan E BondPairCorr
  0.95JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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