Jpmorgan Smartretirement Correlations

JSMCX Fund  USD 18.32  0.09  0.49%   
The current 90-days correlation between Jpmorgan Smartretirement and Us Government Securities is 0.48 (i.e., Very weak 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

Significant diversification

The correlation between Jpmorgan Smartretirement 2030 and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2030 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 2030. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.87SRJIX Jpmorgan SmartretirementPairCorr
  0.87SRJQX Jpmorgan SmartretirementPairCorr
  0.87SRJPX Jpmorgan SmartretirementPairCorr
  0.87SRJSX Jpmorgan SmartretirementPairCorr
  0.87SRJYX Jpmorgan SmartretirementPairCorr
  0.78SRJZX Jpmorgan SmartretirementPairCorr
  0.86SRJCX Jpmorgan SmartretirementPairCorr
  0.78SRJAX Jpmorgan SmartretirementPairCorr
  0.65OSGCX Jpmorgan Small CapPairCorr
  0.82OSGIX Jpmorgan Mid CapPairCorr
  0.78JPBRX Jpmorgan Smartretirement*PairCorr
  0.87JPDVX Jpmorgan DiversifiedPairCorr
  0.77JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.9JPIVX Jpmorgan Intrepid Value Potential GrowthPairCorr
  0.82OSVCX Jpmorgan Small CapPairCorr
  0.72OBBCX Jpmorgan Mortgage-backedPairCorr
  0.82JPICX Jpmorgan California TaxPairCorr
  0.77OBDCX Jpmorgan E PlusPairCorr
  0.85JPPEX Jpmorgan Mid CapPairCorr
  0.81JPRRX Jpmorgan SmartretirementPairCorr
  0.77JPTBX Jpmorgan Smartretirement*PairCorr
  0.79JPTKX Jpmorgan Smartretirement*PairCorr
  0.8JPTLX Jpmorgan Smartretirement*PairCorr
  0.79JPSRX Jpmorgan Smartretirement*PairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.78JPYRX Jpmorgan SmartretirementPairCorr

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   
USGFXRGVCX
FHNFXRGVCX
VSIGXRGVCX
USGFXFHNFX
VSIGXUSGFX
VSIGXFHNFX
  
High negative correlations   
WABXXVSIGX
WABXXUSGFX
WABXXFHNFX
WABXXSSAGX
WABXXRGVCX

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.