Jpmorgan Equity Correlations

OGEAX Fund

USD 89.49 1.00 1.13%

The current 90-days correlation between Jpmorgan Equity Index and Adams Natural Resources is 0.18 (i.e., Average 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 Index and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Index and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Equity Index. 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

0.85	OSGCX	Jpmorgan Small Cap	Pair Corr
0.76	JPGSX	Jpmorgan Intrepid Growth	Pair Corr

Moving against Jpmorgan Mutual Fund

0.58	EMREX	Jpmorgan Trust Iv	Pair Corr
0.55	EMRSX	Jpmorgan Emerging Markets	Pair Corr

Related Correlations Analysis

	PEO	BACIX	TREIX	TMCLX	AIWEX	XEMOX
PEO		0.97	-0.11	0.16	0.46	0.22	PEO
BACIX	0.97		-0.14	0.07	0.39	0.13	BACIX
TREIX	-0.11	-0.14		0.34	0.16	0.35	TREIX
TMCLX	0.16	0.07	0.34		0.89	0.98	TMCLX
AIWEX	0.46	0.39	0.16	0.89		0.89	AIWEX
XEMOX	0.22	0.13	0.35	0.98	0.89		XEMOX
	PEO	BACIX	TREIX	TMCLX	AIWEX	XEMOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XEMOX	+ 0.98	TMCLX
BACIX	+ 0.97	PEO
AIWEX	+ 0.89	TMCLX
XEMOX	+ 0.89	AIWEX
AIWEX	+ 0.46	PEO
AIWEX	+ 0.39	BACIX

High negative correlations

TREIX	- 0.14	BACIX
TREIX	- 0.11	PEO

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
PEO	0.67	(0.06)	0.00	(0.58)	0.00	0.00	1.34	(1.72)	4.73
BACIX	0.77	(0.07)	0.00	(0.47)	0.00	0.00	1.21	(1.93)	4.22
TREIX	0.08	(0.02)	0.00	(3.85)	0.00	0.00	0.10	(0.10)	1.79
TMCLX	0.82	0.15	0.13	0.47	0.95	(0.91)	1.81	(1.92)	5.58
AIWEX	0.88	0.11	0.10	0.38	0.96	(1.02)	1.97	(1.67)	7.37
XEMOX	0.86	0.13	0.10	0.39	1.08	(0.97)	2.29	(1.58)	6.88

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