Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2020
JTTCX Fund  USD 15.77  0.09  0.57%   
The current 90-days correlation between Jpmorgan Smartretirement and Prudential Core Conservative is 0.38 (i.e., 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

Poor diversification

The correlation between Jpmorgan Smartretirement 2020 and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2020 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 2020. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.89SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.88SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.87SRJCX Jpmorgan SmartretirementPairCorr
  0.8SRJAX Jpmorgan SmartretirementPairCorr
  0.93JPBRX Jpmorgan SmartretirementPairCorr
  0.66JPDAX Jpmorgan Preferred AndPairCorr
  0.64JPDCX Jpmorgan Preferred AndPairCorr
  0.73JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.81JPDVX Jpmorgan DiversifiedPairCorr
  0.73OSTAX Jpmorgan Short-intermediaPairCorr
  0.86JPIVX Jpmorgan Intrepid ValuePairCorr
  0.7OSTSX Jpmorgan Short-intermediaPairCorr
  0.92JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan Smartretirement*PairCorr
  0.93JPTKX Jpmorgan SmartretirementPairCorr
  0.93JPTLX Jpmorgan SmartretirementPairCorr
  0.93JPSRX Jpmorgan Smartretirement*PairCorr
  0.85JPYRX Jpmorgan Smartretirement*PairCorr
  0.69EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY