Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUEAX Fund  USD 24.07  0.43  1.82%   
The current 90-days correlation between Jpmorgan Equity and Jpmorgan Intrepid Mid is -0.11 (i.e., Good diversification). The correlation of Jpmorgan 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 Correlation With Market

Poor diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Fund 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 Equity Fund. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.88OSGIX Jpmorgan Mid CapPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.81JPHAX Jpmorgan Floating RatePairCorr
  0.84JPHCX Jpmorgan Floating RatePairCorr
  0.88OSVCX Jpmorgan Small CapPairCorr
  0.74JPHRX Jpmorgan Floating RatePairCorr
  0.71JPTBX Jpmorgan Smartretirement*PairCorr
  0.88PGSGX Jpmorgan Small CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.73OSTCX Jpmorgan Short DurationPairCorr
  0.63JPVZX Jpmorgan InternationalPairCorr
  0.6OBBCX Jpmorgan Mortgage-backedPairCorr
  0.57OBOCX Jpmorgan E BondPairCorr
  0.53OBDCX Jpmorgan E PlusPairCorr
  0.39JPDIX Jpmorgan Preferred AndPairCorr
  0.39JPDRX Jpmorgan Preferred AndPairCorr
  0.38JPDCX Jpmorgan Preferred AndPairCorr
  0.37JPDAX Jpmorgan Preferred AndPairCorr
  0.68JSDHX Jpmorgan Short DurationPairCorr
  0.65PGBOX Jpmorgan E BondPairCorr
  0.6JSDRX Jpmorgan Short DurationPairCorr
  0.37EMRSX Jpmorgan Emerging MarketsPairCorr
  0.36EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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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   
PSOAX
+ 0.98
PECAX
PSOAX
+ 0.97
VHIAX
VHIAX
+ 0.95
PECAX
JVAAX
+ 0.78
PECAX
JVAAX
+ 0.72
PSOAX
JVAAX
+ 0.66
VHIAX
  
High negative correlations   
PSOAX
- 0.7
PGBOX
VHIAX
- 0.69
PGBOX
PGBOX
- 0.64
PECAX
JVAAX
- 0.13
PGBOX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan 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'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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