Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JSTKX Fund  USD 20.66  0.07  0.34%   
The current 90-days correlation between Jpmorgan Smartretirement* and Global Technology Portfolio is 0.53 (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

Average diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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 industry.

Moving together with Jpmorgan Mutual Fund

  0.91SRJIX Jpmorgan SmartretirementPairCorr
  0.9SRJQX Jpmorgan SmartretirementPairCorr
  0.9SRJPX Jpmorgan SmartretirementPairCorr
  0.9SRJSX Jpmorgan SmartretirementPairCorr
  0.91SRJYX Jpmorgan SmartretirementPairCorr
  0.89SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.9SRJAX Jpmorgan SmartretirementPairCorr
  0.97JPBRX Jpmorgan Smartretirement*PairCorr
  0.72JPDAX Jpmorgan Preferred AndPairCorr
  0.72JPDIX Jpmorgan Preferred AndPairCorr
  0.72JPDRX Jpmorgan Preferred AndPairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.64OSTAX Jpmorgan Short-intermediaPairCorr
  0.68OSTSX Jpmorgan Short-intermediaPairCorr
  0.64OBBCX Jpmorgan Mortgage-backedPairCorr
  0.68JPICX Jpmorgan California TaxPairCorr
  0.66OBDCX Jpmorgan E PlusPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.9JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan Smartretirement*PairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.63JPVRX Jpmorgan InternationalPairCorr
  0.62JPVZX Jpmorgan InternationalPairCorr
  0.63OBOCX Jpmorgan E BondPairCorr
  0.97JPYRX 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   
VITAX
+ 0.97
JGLTX
DTEYX
+ 0.92
BSTSX
DTEYX
+ 0.9
JGLTX
BSTSX
+ 0.87
JGLTX
DTEYX
+ 0.82
VITAX
BSTSX
+ 0.79
VITAX
  
High negative correlations   
JNGTX
- 0.19
VITAX
JNGTX
- 0.02
JGLTX

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.

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