Jpmorgan Equity Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUEZX Fund  USD 26.62  0.15  0.56%   
The current 90-days correlation between Jpmorgan Equity and Vanguard Total Stock is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.06 (i.e., Significant 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

  0.77SRJIX Jpmorgan SmartretirementPairCorr
  0.77SRJQX Jpmorgan SmartretirementPairCorr
  0.77SRJPX Jpmorgan SmartretirementPairCorr
  0.77SRJSX Jpmorgan SmartretirementPairCorr
  0.78SRJYX Jpmorgan SmartretirementPairCorr
  0.76SRJZX Jpmorgan SmartretirementPairCorr
  0.81SRJCX Jpmorgan SmartretirementPairCorr
  0.76SRJAX Jpmorgan SmartretirementPairCorr
  0.92OSGCX Jpmorgan Small CapPairCorr
  0.92OSGIX Jpmorgan Mid CapPairCorr
  0.61JPDIX Jpmorgan Preferred AndPairCorr
  0.61JPDRX Jpmorgan Preferred AndPairCorr
  0.69JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.91JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.93JPIVX Jpmorgan Intrepid ValuePairCorr
  0.86OSVCX Jpmorgan Small CapPairCorr
  0.91JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.72JPRRX Jpmorgan SmartretirementPairCorr
  0.89JPTBX Jpmorgan SmartretirementPairCorr
  0.74JPTKX Jpmorgan SmartretirementPairCorr
  0.79JPTLX Jpmorgan SmartretirementPairCorr
  0.74JPSRX Jpmorgan SmartretirementPairCorr
  0.75JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.72OBBCX Jpmorgan MortgagePairCorr
  0.7OBDCX Jpmorgan E PlusPairCorr
  0.58OSTCX Jpmorgan Short DurationPairCorr
  0.41OSTAX Jpmorgan Short InterPairCorr
  0.31OSTSX Jpmorgan Short InterPairCorr
  0.73OBOCX Jpmorgan E BondPairCorr
  0.72PGBOX Jpmorgan E BondPairCorr
  0.52JPVZX Jpmorgan InternationalPairCorr
  0.51JPVRX Jpmorgan InternationalPairCorr
  0.5STMCX Jpmorgan Short InterPairCorr

Related Correlations Analysis

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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.

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