Jpmorgan Large Correlations

OLGAX Fund

USD 77.15 1.19 1.57%

The current 90-days correlation between Jpmorgan Large Cap and Franklin Adjustable Government is 0.07 (i.e., Significant diversification). The correlation of Jpmorgan Large 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 Large Correlation With Market

Very weak diversification

The correlation between Jpmorgan Large Cap and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Large Cap 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 Large Cap. 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

0.62	OSGCX	Jpmorgan Small Cap	Pair Corr
0.65	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.66	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.71	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.67	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPYRX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	FCSCX	AUNCX	JGIFX	ATOAX	ACASX	SSAGX	VSIGX
FCSCX		0.6	0.18	0.93	0.26	0.99	0.42	FCSCX
AUNCX	0.6		0.73	0.43	0.75	0.53	0.8	AUNCX
JGIFX	0.18	0.73		-0.05	0.9	0.08	0.94	JGIFX
ATOAX	0.93	0.43	-0.05		-0.01	0.96	0.18	ATOAX
ACASX	0.26	0.75	0.9	-0.01		0.16	0.91	ACASX
SSAGX	0.99	0.53	0.08	0.96	0.16		0.33	SSAGX
VSIGX	0.42	0.8	0.94	0.18	0.91	0.33		VSIGX
	FCSCX	AUNCX	JGIFX	ATOAX	ACASX	SSAGX	VSIGX

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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

SSAGX	+ 0.99	FCSCX
SSAGX	+ 0.96	ATOAX
VSIGX	+ 0.94	JGIFX
ATOAX	+ 0.93	FCSCX
VSIGX	+ 0.91	ACASX
ACASX	+ 0.9	JGIFX

High negative correlations

ATOAX	- 0.05	JGIFX
ACASX	- 0.01	ATOAX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Large 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 Large'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
FCSCX	0.06	0.01	0.26	1.14	0.00	(0.20)	0.13	(0.13)	0.67
AUNCX	0.11	0.01	0.10	0.26	0.12	(0.14)	0.28	(0.28)	0.94
JGIFX	0.24	0.01	0.11	(0.25)	0.23	(0.28)	0.52	(0.52)	1.43
ATOAX	0.02	0.00	0.00	(0.36)	0.00	0.00	0.00	0.00	0.30
ACASX	0.29	0.02	0.12	0.23	0.27	(0.36)	0.66	(0.53)	1.87
SSAGX	0.06	0.01	0.34	(1.63)	0.00	(0.17)	0.10	(0.10)	0.51
VSIGX	0.20	0.02	0.18	(0.31)	0.11	(0.27)	0.46	(0.31)	1.28

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