Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2030
JSMYX Fund  USD 18.47  0.01  0.05%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.99 (i.e., No risk reduction). 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

Average diversification

The correlation between Jpmorgan Smartretirement 2030 and DJI is 0.19 (i.e., Average 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.95SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.69OSGIX Jpmorgan Mid CapPairCorr
  0.88JPBRX Jpmorgan Smartretirement*PairCorr
  0.81JPDAX Jpmorgan Preferred AndPairCorr
  0.81JPDIX Jpmorgan Preferred AndPairCorr
  0.82JPDRX Jpmorgan Preferred AndPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.63JPHAX Jpmorgan Floating RatePairCorr
  0.65OSTAX Jpmorgan Short-intermediaPairCorr
  0.84JPIVX Jpmorgan Intrepid ValuePairCorr
  0.82OSVCX Jpmorgan Small CapPairCorr
  0.75OBBCX Jpmorgan Mortgage-backedPairCorr
  0.63JPICX Jpmorgan California TaxPairCorr
  0.78OBDCX Jpmorgan E PlusPairCorr
  0.73JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.8JPTBX Jpmorgan Smartretirement*PairCorr
  0.88JPTKX Jpmorgan Smartretirement*PairCorr
  0.87JPTLX Jpmorgan Smartretirement*PairCorr
  0.77JPSRX Jpmorgan Smartretirement*PairCorr
  0.8JPVRX Jpmorgan InternationalPairCorr
  0.79JPVZX Jpmorgan InternationalPairCorr
  0.76OBOCX Jpmorgan E BondPairCorr
  0.88JPYRX Jpmorgan SmartretirementPairCorr
  0.62EMREX Jpmorgan Trust IvPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.46 (0.09) 0.00 (0.56) 0.00 
 0.00 
 0.71 
(1.05)
 3.96 
SRJQX  0.46 (0.09) 0.00 (0.44) 0.00 
 0.00 
 0.71 
(1.05)
 3.82 
SRJPX  0.45 (0.09) 0.00 (0.43) 0.00 
 0.00 
 0.67 
(1.07)
 3.49 
SRJSX  0.46 (0.09) 0.00 (0.55) 0.00 
 0.00 
 0.71 
(1.05)
 3.72 
SRJYX  0.46 (0.09) 0.00 (0.44) 0.00 
 0.00 
 0.71 
(1.10)
 4.00 
SRJZX  0.45 (0.09) 0.00 (0.55) 0.00 
 0.00 
 0.72 
(1.12)
 3.29 
SRJCX  0.45 (0.08) 0.00 (0.41) 0.00 
 0.00 
 0.67 
(1.08)
 3.13 
SRJAX  0.45 (0.09) 0.00 (0.55) 0.00 
 0.00 
 0.66 
(1.06)
 3.61 
OSGCX  0.96  0.07  0.06  0.50  1.23 
(0.98)
 1.88 
(1.67)
 8.87 
OSGIX  1.00 (0.01) 0.00 (0.04) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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