Jpmorgan Smartretirement Correlations

JTTIX Fund

USD 15.67 0.07 0.44%

The current 90-days correlation between Jpmorgan Smartretirement and Davis Government Bond is 0.18 (i.e., Average 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 2020 and DJI is 0.19 (i.e., Average 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

0.89	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.87	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.78	JPDAX	Jpmorgan Preferred And	Pair Corr
0.78	JPDIX	Jpmorgan Preferred And	Pair Corr
0.85	JPDVX	Jpmorgan Diversified	Pair Corr
0.71	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.67	JPICX	Jpmorgan California Tax	Pair Corr
0.82	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.67	PGBOX	Jpmorgan E Bond	Pair Corr
0.92	OCGCX	Jpmorgan Investor	Pair Corr
0.72	TXRCX	Jpmorgan Tax Aware	Pair Corr
0.85	JRBYX	Jpmorgan Smartretirement*	Pair Corr
0.8	JAABX	Jpmorgan Smartretirement	Pair Corr
0.91	JAKAX	Jpmorgan Smartretirement	Pair Corr
0.83	JAKPX	Jpmorgan Smartretirement	Pair Corr
0.64	JAMCX	Jpmorgan Mid Cap	Pair Corr
0.64	JSECX	Jpmorgan Small Cap	Pair Corr
0.66	JSEPX	Jpmorgan Small Cap	Pair Corr
0.98	JSRAX	Jpmorgan Smartretirement	Pair Corr
0.88	JSTLX	Jpmorgan Smartretirement	Pair Corr
0.95	JSTKX	Jpmorgan Smartretirement	Pair Corr
0.88	JSYRX	Jpmorgan Smartretirement	Pair Corr
0.88	JBSRX	Jpmorgan Smartretirement	Pair Corr
0.88	JBTUX	Jpmorgan Smartretirement	Pair Corr
0.94	JBYSX	Jpmorgan Smartretirement*	Pair Corr

Moving against Jpmorgan Mutual Fund

0.49	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.49	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.47	JSORX	Jpmorgan Strategic Income	Pair Corr
0.46	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.46	JSOZX	Jpmorgan Strategic Income	Pair Corr

Related Correlations Analysis

	RFBAX	PBMXX	RYAQX	SMAAX	IVMXX	FCSCX	DNCGX	RGVEX
RFBAX		0.0	-0.52	0.6	0.0	0.64	0.68	0.5	RFBAX
PBMXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PBMXX
RYAQX	-0.52	0.0		-0.38	0.0	-0.42	-0.3	-0.44	RYAQX
SMAAX	0.6	0.0	-0.38		0.0	0.61	0.86	0.86	SMAAX
IVMXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IVMXX
FCSCX	0.64	0.0	-0.42	0.61	0.0		0.62	0.65	FCSCX
DNCGX	0.68	0.0	-0.3	0.86	0.0	0.62		0.88	DNCGX
RGVEX	0.5	0.0	-0.44	0.86	0.0	0.65	0.88		RGVEX
	RFBAX	PBMXX	RYAQX	SMAAX	IVMXX	FCSCX	DNCGX	RGVEX

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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

RGVEX	+ 0.88	DNCGX
DNCGX	+ 0.86	SMAAX
RGVEX	+ 0.86	SMAAX
DNCGX	+ 0.68	RFBAX
RGVEX	+ 0.65	FCSCX
FCSCX	+ 0.64	RFBAX

High negative correlations

RYAQX	- 0.52	RFBAX
RGVEX	- 0.44	RYAQX
FCSCX	- 0.42	RYAQX
SMAAX	- 0.38	RYAQX
DNCGX	- 0.3	RYAQX
RGVEX	- 0.0	IVMXX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RFBAX	0.07	(0.02)	0.00	11.77	0.00	0.00	0.20	(0.20)	0.39
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAQX	0.73	0.05	0.02	(1.76)	1.32	(0.81)	1.52	(1.27)	9.56
SMAAX	0.15	(0.04)	0.00	(1.93)	0.00	0.00	0.20	(0.39)	1.39
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSCX	0.04	(0.02)	0.00	2.63	0.00	0.00	0.13	(0.13)	0.53
DNCGX	0.22	(0.06)	0.00	(1.64)	0.00	0.00	0.40	(0.48)	1.20
RGVEX	0.23	(0.07)	0.00	(6.51)	0.00	0.00	0.43	(0.67)	1.61

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