Jpmorgan Smartretirement Correlations

JSMZX Fund

USD 18.45 0.10 0.54%

The current 90-days correlation between Jpmorgan Smartretirement and Vanguard Information Technology is -0.09 (i.e., Good 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 -0.04 (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 nation.

Moving together with Jpmorgan Mutual Fund

0.96	VTHRX	Vanguard Target Reti	Pair Corr
0.96	AAETX	American Funds 2030	Pair Corr
0.87	CCETX	American Funds 2030	Pair Corr
0.96	FAETX	American Funds 2030	Pair Corr
0.98	FSNQX	Fidelity Freedom 2030	Pair Corr
0.98	FFFEX	Fidelity Freedom 2030	Pair Corr
0.98	FGTKX	Fidelity Freedom 2030	Pair Corr
0.99	TRFHX	T Rowe Price	Pair Corr
0.99	RRTCX	T Rowe Price	Pair Corr
0.61	CII	Blackrock Enhanced	Pair Corr
0.75	ETY	Eaton Vance Tax	Pair Corr
0.65	NFJ	Virtus Dividend Interest	Pair Corr
0.92	IGFAX	Vy Morgan Stanley	Pair Corr
0.64	MCTAX	Massmutual Retiresmart	Pair Corr
0.96	FCFWX	American Funds Retirement	Pair Corr
0.93	JAAAX	Alternative Asset	Pair Corr
0.71	PDSYX	Principal Diversified	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr

Moving against Jpmorgan Mutual Fund

0.36	IIF	Morgan Stanley India	Pair Corr
0.7	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	VITAX	WFSTX	HTECX	JAGTX	WSTYX	JGLTX	GISTX	MTCCX
VITAX		0.83	0.87	0.9	0.88	0.98	0.92	0.74	VITAX
WFSTX	0.83		0.93	0.82	0.89	0.9	0.94	0.8	WFSTX
HTECX	0.87	0.93		0.88	0.98	0.95	0.97	0.68	HTECX
JAGTX	0.9	0.82	0.88		0.88	0.92	0.9	0.68	JAGTX
WSTYX	0.88	0.89	0.98	0.88		0.95	0.97	0.64	WSTYX
JGLTX	0.98	0.9	0.95	0.92	0.95		0.97	0.74	JGLTX
GISTX	0.92	0.94	0.97	0.9	0.97	0.97		0.72	GISTX
MTCCX	0.74	0.8	0.68	0.68	0.64	0.74	0.72		MTCCX
	VITAX	WFSTX	HTECX	JAGTX	WSTYX	JGLTX	GISTX	MTCCX

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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 Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VITAX	1.34	(0.10)	(0.16)	2.01	(3.34)	7.62
WFSTX	1.02	(0.18)	(0.27)	1.71	(2.75)	7.70
HTECX	1.12	(0.06)	(0.13)	1.51	(3.14)	5.92
JAGTX	1.16	(0.15)	0.48	2.00	(3.18)	6.40
WSTYX	1.35	(0.05)	(0.12)	2.02	(3.59)	7.06
JGLTX	1.18	(0.08)	(0.15)	1.98	(3.11)	6.39
GISTX	1.30	(0.16)	(0.23)	1.77	(3.92)	7.54
MTCCX	1.50	(0.30)	(0.23)	1.75	(3.52)	19.39

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