Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JSTLX Fund  USD 20.28  0.07  0.35%   
The current 90-days correlation between Jpmorgan Smartretirement* and Rbc Global Equity is 0.54 (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 bureau of economic analysis.

Moving together with Jpmorgan Mutual Fund

  0.9SRJIX Jpmorgan SmartretirementPairCorr
  0.9SRJQX Jpmorgan SmartretirementPairCorr
  0.89SRJPX Jpmorgan SmartretirementPairCorr
  0.9SRJSX Jpmorgan SmartretirementPairCorr
  0.91SRJYX Jpmorgan SmartretirementPairCorr
  0.89SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.89SRJAX Jpmorgan SmartretirementPairCorr
  0.97JPBRX Jpmorgan Smartretirement*PairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.7JPDIX Jpmorgan Preferred AndPairCorr
  0.71JPDRX Jpmorgan Preferred AndPairCorr
  0.88JPDVX Jpmorgan DiversifiedPairCorr
  0.62OSTAX Jpmorgan Short-intermediaPairCorr
  0.66OSTSX Jpmorgan Short-intermediaPairCorr
  0.62OBBCX Jpmorgan Mortgage-backedPairCorr
  0.66JPICX Jpmorgan California TaxPairCorr
  0.64OBDCX Jpmorgan E PlusPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.89JPTBX Jpmorgan Smartretirement*PairCorr
  0.96JPTKX Jpmorgan Smartretirement*PairCorr
  0.96JPTLX Jpmorgan Smartretirement*PairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.61JPVRX Jpmorgan InternationalPairCorr
  0.61OBOCX Jpmorgan E BondPairCorr
  0.97JPYRX Jpmorgan SmartretirementPairCorr

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.

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