Jpmorgan Smartretirement Correlations

JSMIX Fund  USD 18.86  0.04  0.21%   
The current 90-days correlation between Jpmorgan Smartretirement and Stringer Growth Fund is 0.86 (i.e., Very poor 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 2030 and DJI is 0.41 (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 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.85OSGIX Jpmorgan Mid CapPairCorr
  0.76JPBRX Jpmorgan SmartretirementPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.86JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.89JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.85OBBCX Jpmorgan MortgagePairCorr
  0.66JPICX Jpmorgan California TaxPairCorr
  0.86OBDCX Jpmorgan E PlusPairCorr
  0.86JPPEX Jpmorgan Mid CapPairCorr
  0.79JPRRX Jpmorgan SmartretirementPairCorr
  0.73JPTBX Jpmorgan Smartretirement*PairCorr
  0.77JPTKX Jpmorgan Smartretirement*PairCorr
  0.78JPTLX Jpmorgan Smartretirement*PairCorr
  0.77JPSRX Jpmorgan Smartretirement*PairCorr
  0.62JPVRX Jpmorgan InternationalPairCorr
  0.63JPVZX Jpmorgan InternationalPairCorr
  0.88OBOCX Jpmorgan E BondPairCorr
  0.76JPYRX Jpmorgan Smartretirement*PairCorr
  0.62EMREX Jpmorgan Trust IvPairCorr

Moving against Jpmorgan Mutual Fund

  0.37JPHRX Jpmorgan Floating RatePairCorr
  0.35JPHAX Jpmorgan Floating RatePairCorr
  0.33OSTCX Jpmorgan Short DurationPairCorr
  0.32JPHCX Jpmorgan Floating RatePairCorr
  0.32JPHSX Jpmorgan Floating RatePairCorr

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.