Jpmorgan Investor Correlations

ONGFX Fund

USD 19.13 0.02 0.10%

The current 90-days correlation between Jpmorgan Investor Growth and Fzdaqx is 0.58 (i.e., Very weak diversification). The correlation of Jpmorgan Investor 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 Investor Correlation With Market

Very poor diversification

The correlation between Jpmorgan Investor Growth and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Investor Growth 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 Investor Growth. 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 census.

Moving together with Jpmorgan Mutual Fund

0.91	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.91	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.92	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.91	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.91	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.92	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.93	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.79	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.78	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.9	JPDVX	Jpmorgan Diversified	Pair Corr
0.84	JRBYX	Jpmorgan Smartretirement*	Pair Corr
0.84	JRBBX	Jpmorgan Smartretirement*	Pair Corr
0.96	JAAYX	Jpmorgan Smartretirement	Pair Corr
0.96	JAKZX	Jpmorgan Smartretirement	Pair Corr
0.99	JAKYX	Jpmorgan Smartretirement	Pair Corr
0.96	JSAQX	Jpmorgan Smartretirement	Pair Corr
0.96	JSAPX	Jpmorgan Smartretirement	Pair Corr
0.95	JSAYX	Jpmorgan Smartretirement	Pair Corr
0.84	JAMCX	Jpmorgan Mid Cap	Pair Corr
0.96	JSAAX	Jpmorgan Smartretirement	Pair Corr
0.96	JSACX	Jpmorgan Smartretirement	Pair Corr
0.65	JSCZX	Jpmorgan Small Pany	Pair Corr
0.73	JSERX	Jpmorgan Small Cap	Pair Corr
0.72	JSGZX	Jpmorgan Small Cap	Pair Corr
0.72	JSIZX	Jpmorgan Smartretirement	Pair Corr
0.88	JSMCX	Jpmorgan Smartretirement	Pair Corr
0.99	JSMJX	Jpmorgan Trust Iv	Pair Corr
0.86	JSMNX	Jpmorgan Smartretirement	Pair Corr
0.85	JSMYX	Jpmorgan Smartretirement	Pair Corr
0.7	JSRSX	Jpmorgan Smartretirement	Pair Corr
0.74	JBBSX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	FZDAQX	WMCANX	FMFTX	FTUFOX	RTIUX	CPUCX	FURYAX
FZDAQX		0.56	0.36	0.58	0.37	0.56	0.35	FZDAQX
WMCANX	0.56		0.6	0.03	0.28	0.17	0.87	WMCANX
FMFTX	0.36	0.6		0.24	0.01	0.09	0.42	FMFTX
FTUFOX	0.58	0.03	0.24		0.6	0.83	-0.32	FTUFOX
RTIUX	0.37	0.28	0.01	0.6		0.87	-0.04	RTIUX
CPUCX	0.56	0.17	0.09	0.83	0.87		-0.17	CPUCX
FURYAX	0.35	0.87	0.42	-0.32	-0.04	-0.17		FURYAX
	FZDAQX	WMCANX	FMFTX	FTUFOX	RTIUX	CPUCX	FURYAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FURYAX	+ 0.87	WMCANX
CPUCX	+ 0.87	RTIUX
CPUCX	+ 0.83	FTUFOX
FMFTX	+ 0.6	WMCANX
RTIUX	+ 0.6	FTUFOX
FTUFOX	+ 0.58	FZDAQX

High negative correlations

FURYAX	- 0.32	FTUFOX
FURYAX	- 0.17	CPUCX
FURYAX	- 0.04	RTIUX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Investor 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 Investor'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
FZDAQX	0.11	(0.01)	(0.03)	(0.05)	0.17	(0.15)	0.21	(0.21)	1.03
WMCANX	0.60	0.02	0.02	0.03	0.75	(0.65)	1.37	(1.29)	3.48
FMFTX	0.92	(0.14)	0.00	(5.00)	0.00	0.00	1.43	(2.17)	8.22
FTUFOX	0.10	0.00	0.00	0.13	0.01	(0.10)	0.20	(0.19)	0.60
RTIUX	0.60	0.09	0.09	0.17	0.73	(0.65)	1.47	(1.45)	5.02
CPUCX	0.26	0.00	0.00	0.05	0.26	(0.31)	0.44	(0.54)	1.45
FURYAX	0.69	0.00	(0.01)	0.00	0.80	(0.78)	1.21	(1.39)	2.96

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