Jpmorgan Equity Correlations

JUECX Fund

USD 22.29 0.01 0.04%

The current 90-days correlation between Jpmorgan Equity and Rbc Emerging Markets is -0.07 (i.e., Good diversification). The correlation of Jpmorgan Equity 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 Equity Correlation With Market

Good diversification

The correlation between Jpmorgan Equity Fund and DJI is -0.05 (i.e., Good 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

0.82	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.77	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.8	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.84	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.97	OSVCX	Jpmorgan Small Cap	Pair Corr
0.73	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.7	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.81	PGSGX	Jpmorgan Small Cap	Pair Corr

Moving against Jpmorgan Mutual Fund

0.73	OSTCX	Jpmorgan Short Duration	Pair Corr
0.68	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.61	OBDCX	Jpmorgan E Plus	Pair Corr
0.57	OBOCX	Jpmorgan E Bond	Pair Corr
0.46	JPVZX	Jpmorgan International	Pair Corr
0.4	JPDRX	Jpmorgan Preferred And	Pair Corr
0.39	JPDCX	Jpmorgan Preferred And	Pair Corr
0.38	JPDAX	Jpmorgan Preferred And	Pair Corr
0.35	JPDIX	Jpmorgan Preferred And	Pair Corr
0.34	JPICX	Jpmorgan California Tax	Pair Corr
0.68	JSDHX	Jpmorgan Short Duration	Pair Corr
0.68	JSDRX	Jpmorgan Short Duration	Pair Corr
0.66	PGBOX	Jpmorgan E Bond	Pair Corr
0.37	EMREX	Jpmorgan Trust Iv	Pair Corr
0.37	EMRSX	Jpmorgan Emerging Markets	Pair Corr

Related Correlations Analysis

	REMVX	PIEFX	SEDAX	BELSX	FHKFX	VIESX
REMVX		0.99	0.89	0.84	0.98	0.94	REMVX
PIEFX	0.99		0.87	0.82	0.99	0.96	PIEFX
SEDAX	0.89	0.87		0.92	0.85	0.81	SEDAX
BELSX	0.84	0.82	0.92		0.84	0.74	BELSX
FHKFX	0.98	0.99	0.85	0.84		0.95	FHKFX
VIESX	0.94	0.96	0.81	0.74	0.95		VIESX
	REMVX	PIEFX	SEDAX	BELSX	FHKFX	VIESX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Equity 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 Equity'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
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19
BELSX	0.43	0.05	0.20	1.63	0.44	(0.49)	0.92	(0.81)	2.59
FHKFX	0.84	0.08	0.10	0.10	1.07	(0.88)	1.94	(1.91)	5.94
VIESX	0.54	0.02	0.08	0.00	0.71	(0.61)	1.31	(1.56)	3.67

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