Jpmorgan Correlations

JUSMX Fund

USD 16.39 0.39 2.44%

The current 90-days correlation between Jpmorgan Small Pany and Barings Emerging Markets is 0.28 (i.e., Modest 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

Good diversification

The correlation between Jpmorgan Small Pany and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Pany 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 Small Pany. 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 population.

Moving together with Jpmorgan Mutual Fund

0.63

JPDVX

Jpmorgan Diversified

Pair Corr

Moving against Jpmorgan Mutual Fund

0.66	OSTCX	Jpmorgan Short Duration	Pair Corr
0.59	JSDCX	Jpmorgan Short Duration	Pair Corr
0.58	JSDHX	Jpmorgan Short Duration	Pair Corr

Related Correlations Analysis

	BXECX	HLDAX	EGLNX	ZEMIX	DODEX	XMSDX
BXECX		0.93	0.21	0.81	0.76	0.89	BXECX
HLDAX	0.93		0.17	0.84	0.88	0.89	HLDAX
EGLNX	0.21	0.17		0.19	0.18	0.4	EGLNX
ZEMIX	0.81	0.84	0.19		0.81	0.75	ZEMIX
DODEX	0.76	0.88	0.18	0.81		0.87	DODEX
XMSDX	0.89	0.89	0.4	0.75	0.87		XMSDX
	BXECX	HLDAX	EGLNX	ZEMIX	DODEX	XMSDX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXECX	0.20	0.02	0.48	(0.51)	0.00	(0.31)	0.55	(0.40)	1.21
HLDAX	0.34	0.04	0.31	0.27	0.29	(0.47)	0.68	(0.65)	1.95
EGLNX	1.07	0.14	0.12	0.15	1.43	(1.07)	1.97	(2.00)	6.25
ZEMIX	0.75	0.12	0.17	0.20	0.89	(0.85)	1.70	(1.67)	5.50
DODEX	0.66	0.11	0.19	0.22	0.81	(0.72)	1.47	(1.58)	4.68
XMSDX	0.21	0.04	0.47	0.52	0.08	(0.28)	0.51	(0.38)	1.18

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