Jpmorgan Smartretirement* Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement Blend
JTYBX Fund  USD 34.41  0.01  0.03%   
The current 90-days correlation between Jpmorgan Smartretirement* and Vanguard Target Retirement is 0.99 (i.e., No risk reduction). 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 Blend and DJI is 0.78 (i.e., Poor 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 labor statistics.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.75OSGCX Jpmorgan Small CapPairCorr
  0.79OSGIX Jpmorgan Mid CapPairCorr
  0.98JPBRX Jpmorgan Smartretirement*PairCorr
  0.77JPDAX Jpmorgan Preferred AndPairCorr
  0.77JPDIX Jpmorgan Preferred AndPairCorr
  0.78JPDRX Jpmorgan Preferred AndPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7JPHAX Jpmorgan Floating RatePairCorr
  0.7JPHCX Jpmorgan Floating RatePairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.75OSVCX Jpmorgan Small CapPairCorr
  0.68JPHSX Jpmorgan Floating RatePairCorr
  0.7JPHRX Jpmorgan Floating RatePairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan SmartretirementPairCorr
  0.98JPTKX Jpmorgan SmartretirementPairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan SmartretirementPairCorr
  0.98JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.49OBBCX Jpmorgan MortgagePairCorr
  0.47OBDCX Jpmorgan E PlusPairCorr
  0.51OBOCX Jpmorgan E BondPairCorr
  0.49PGBOX Jpmorgan E BondPairCorr

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.

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