Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2020
JTTSX Fund  USD 15.91  0.08  0.50%   
The current 90-days correlation between Jpmorgan Smartretirement and Adams Natural Resources is 0.27 (i.e., Modest 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 0.71 (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 state.

Moving together with Jpmorgan Mutual Fund

  0.86SRJIX Jpmorgan SmartretirementPairCorr
  0.86SRJQX Jpmorgan SmartretirementPairCorr
  0.85SRJPX Jpmorgan SmartretirementPairCorr
  0.86SRJSX Jpmorgan SmartretirementPairCorr
  0.86SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.85SRJCX Jpmorgan SmartretirementPairCorr
  0.78SRJAX Jpmorgan SmartretirementPairCorr
  0.92JPBRX Jpmorgan SmartretirementPairCorr
  0.68JPDAX Jpmorgan Preferred AndPairCorr
  0.66JPDCX Jpmorgan Preferred AndPairCorr
  0.76JPDIX Jpmorgan Preferred AndPairCorr
  0.68JPDRX Jpmorgan Preferred AndPairCorr
  0.79JPDVX Jpmorgan DiversifiedPairCorr
  0.75OSTAX Jpmorgan Short-intermediaPairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.73OSTSX Jpmorgan Short-intermediaPairCorr
  0.63OBDCX Jpmorgan E PlusPairCorr
  0.91JPRRX Jpmorgan SmartretirementPairCorr
  0.82JPTBX Jpmorgan Smartretirement*PairCorr
  0.92JPTKX Jpmorgan SmartretirementPairCorr
  0.91JPTLX Jpmorgan SmartretirementPairCorr
  0.92JPSRX Jpmorgan Smartretirement*PairCorr
  0.83JPYRX Jpmorgan Smartretirement*PairCorr
  0.72EMREX Jpmorgan Trust IvPairCorr

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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