Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2030
JSMQX Fund  USD 18.48  0.02  0.11%   
The current 90-days correlation between Jpmorgan Smartretirement and Western Asset E is 0.11 (i.e., Average 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

Good diversification

The correlation between Jpmorgan Smartretirement 2030 and DJI is -0.15 (i.e., Good 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.86SRJIX Jpmorgan SmartretirementPairCorr
  0.85SRJQX Jpmorgan SmartretirementPairCorr
  0.85SRJPX Jpmorgan SmartretirementPairCorr
  0.85SRJSX Jpmorgan SmartretirementPairCorr
  0.85SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.85SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.85JPBRX Jpmorgan SmartretirementPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.81JPIVX Jpmorgan Intrepid ValuePairCorr
  0.62JPHSX Jpmorgan Floating RatePairCorr
  0.65JPHRX Jpmorgan Floating RatePairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.95JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan SmartretirementPairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.85JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY