Jpmorgan Large Correlations

OLVAX Fund

USD 20.65 0.08 0.39%

The current 90-days correlation between Jpmorgan Large Cap and Jpmorgan Large Cap is 0.48 (i.e., Very weak 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

Weak diversification

The correlation between Jpmorgan Large Cap and DJI is 0.33 (i.e., 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

0.81	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.8	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.74	OSGCX	Jpmorgan Small Cap	Pair Corr
0.95	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.78	JPDVX	Jpmorgan Diversified	Pair Corr
0.85	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.99	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.98	OSVCX	Jpmorgan Small Cap	Pair Corr
0.65	JPICX	Jpmorgan California Tax	Pair Corr
0.97	JPPEX	Jpmorgan Mid Cap	Pair Corr

Moving against JPMORGAN Mutual Fund

0.4	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.35	OSTCX	Jpmorgan Short Duration	Pair Corr
0.33	JPHRX	Jpmorgan Floating Rate	Pair Corr

Related Correlations Analysis

	OLGAX	PGSGX	OSGIX	PECAX	PSOAX
OLGAX		0.64	0.45	0.42	0.28	OLGAX
PGSGX	0.64		0.87	0.87	0.78	PGSGX
OSGIX	0.45	0.87		0.95	0.96	OSGIX
PECAX	0.42	0.87	0.95		0.96	PECAX
PSOAX	0.28	0.78	0.96	0.96		PSOAX
	OLGAX	PGSGX	OSGIX	PECAX	PSOAX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OLGAX	0.86	(0.03)	(0.07)	1.64	(1.98)	5.32
PGSGX	0.94	(0.11)	(0.17)	1.51	(2.55)	5.82
OSGIX	1.09	(0.21)	(0.31)	1.58	(3.04)	10.03
PECAX	0.66	(0.11)	(0.17)	1.33	(1.24)	5.18
PSOAX	0.88	(0.18)	(0.23)	1.42	(2.19)	8.75

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