Jp Morgan Correlations

Mutual Funds . USA . 
Fund . Jp Morgan Smartretirement
JTSQX Fund  USD 22.73  0.23  1.00%   
The current 90-days correlation between Jp Morgan Smartretirement and Ab Bond Inflation is -0.04 (i.e., Good diversification). The correlation of Jp Morgan 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.

Jp Morgan Correlation With Market

Good diversification

The correlation between Jp Morgan Smartretirement and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jp Morgan Smartretirement 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 Jp Morgan Smartretirement. 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 JTSQX Mutual Fund

  0.87SRJIX Jpmorgan SmartretirementPairCorr
  0.87SRJQX Jpmorgan SmartretirementPairCorr
  0.87SRJPX Jpmorgan SmartretirementPairCorr
  0.87SRJSX Jpmorgan SmartretirementPairCorr
  0.87SRJYX Jpmorgan SmartretirementPairCorr
  0.87SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.88SRJAX Jpmorgan SmartretirementPairCorr
  0.87JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPHAX Jpmorgan Floating RatePairCorr
  0.68JPHCX Jpmorgan Floating RatePairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.79JPHSX Jpmorgan Floating RatePairCorr
  0.71JPHRX Jpmorgan Floating RatePairCorr
  0.64JPPEX Jpmorgan Mid CapPairCorr
  0.87JPRRX Jpmorgan SmartretirementPairCorr
  0.88JPTBX Jpmorgan Smartretirement*PairCorr
  0.87JPTKX Jpmorgan SmartretirementPairCorr
  0.87JPTLX Jpmorgan SmartretirementPairCorr
  0.87JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between JTSQX Mutual Fund performing well and Jp Morgan 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 Jp Morgan'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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