JPMorgan Value Correlations

Etfs . USA . 
Etf . JPMorgan Value Factor
JVAL Etf  USD 45.56  0.13  0.29%   
The current 90-days correlation between JPMorgan Value Factor and JPMorgan Quality Factor is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Value Factor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JPMorgan Value Correlation With Market

Almost no diversification

The correlation between JPMorgan Value Factor and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Value Factor 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 Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with JPMorgan Etf

  0.97VTV Vanguard Value IndexPairCorr
  0.98VYM Vanguard High DividendPairCorr
  0.98IWD iShares Russell 1000PairCorr
  0.97DGRO iShares Core DividendPairCorr
  0.97IVE iShares SP 500PairCorr
  0.93DVY iShares Select DividendPairCorr
  0.97SPYV SPDR Portfolio SPPairCorr
  0.94FVD First Trust ValuePairCorr
  0.97IUSV iShares Core SPPairCorr
  0.79NOBL ProShares SP 500PairCorr
  0.77NVDL GraniteShares 15x LongPairCorr
  0.77NVDX T Rex 2XPairCorr
  0.78NVDU Direxion Daily NVDAPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.82BITX Volatility Shares TrustPairCorr
  0.81CONL GraniteShares ETF TrustPairCorr
  0.88DAPP VanEck Digital TransPairCorr
  0.87DPST Direxion Daily RegionalPairCorr
  0.89WGMI Valkyrie Bitcoin MinersPairCorr
  0.81HD Home DepotPairCorr
  0.88CVX Chevron Corp Sell-off TrendPairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.84WMT Walmart Aggressive PushPairCorr
  0.85CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.65XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92CSCO Cisco Systems Sell-off TrendPairCorr
  0.81DIS Walt Disney Sell-off TrendPairCorr
  0.79HPQ HP IncPairCorr
  0.75TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against JPMorgan Etf

  0.74MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.65PFE Pfizer Inc Aggressive PushPairCorr
  0.61BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

JPMorgan Value Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Value ETF 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY