Jpmorgan Value Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Value Advantage
JVACX Fund  USD 37.87  0.15  0.39%   
The current 90-days correlation between Jpmorgan Value Advantage and Jpmorgan Growth Advantage is 0.61 (i.e., Poor diversification). The correlation of Jpmorgan Value 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 Value Correlation With Market

Poor diversification

The correlation between Jpmorgan Value Advantage 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 Value Advantage 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 Value Advantage. 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

  0.9SRJIX Jpmorgan SmartretirementPairCorr
  0.91SRJQX Jpmorgan SmartretirementPairCorr
  0.91SRJPX Jpmorgan SmartretirementPairCorr
  0.91SRJSX Jpmorgan SmartretirementPairCorr
  0.9SRJYX Jpmorgan SmartretirementPairCorr
  0.91SRJZX Jpmorgan SmartretirementPairCorr
  0.91SRJCX Jpmorgan SmartretirementPairCorr
  0.78SRJAX Jpmorgan SmartretirementPairCorr
  0.9JPDVX Jpmorgan DiversifiedPairCorr
  0.86JSMYX Jpmorgan SmartretirementPairCorr
  0.74JSTKX Jpmorgan Smartretirement*PairCorr
  0.93JTSQX Jp Morgan SmartretirementPairCorr
  0.74JTTQX Jpmorgan SmartretirementPairCorr
  0.93JTSIX Jpmorgan SmartretirementPairCorr
  1.0JVARX Jpmorgan Value AdvantagePairCorr
  1.0JVASX Jpmorgan Value AdvantagePairCorr
  0.95OIEPX Jpmorgan Equity IncomePairCorr
  0.94JLVZX Jpmorgan Large CapPairCorr
  0.86GAOCX Jpmorgan Global AlloPairCorr
  0.91JNTEX Jpmorgan Smartretirement*PairCorr
  0.91JNYAX Jpmorgan Smartretirement*PairCorr
  0.95VVIAX Vanguard Value IndexPairCorr
  0.79DOXGX Dodge Cox StockPairCorr
  0.87AFMFX American MutualPairCorr
  0.87FFMMX American Funds AmericanPairCorr
  0.87FFFMX American Funds AmericanPairCorr
  0.88AMRMX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.89AMFCX American MutualPairCorr
  0.87DODGX Dodge Stock FundPairCorr
  0.95VIVAX Vanguard Value IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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