Jpmorgan Mid Correlations

OSGIX Fund

USD 36.78 0.17 0.46%

The current 90-days correlation between Jpmorgan Mid Cap and Cmg Ultra Short is -0.08 (i.e., Good diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Good diversification

The correlation between Jpmorgan Mid Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid 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 Mid 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

0.97	PAMCX	T Rowe Price	Pair Corr
0.79	RRMGX	T Rowe Price	Pair Corr
0.97	TRQZX	T Rowe Price	Pair Corr
0.79	RPMGX	T Rowe Price	Pair Corr
0.98	PRJIX	T Rowe Price	Pair Corr
0.79	PRNHX	T Rowe Price	Pair Corr
0.98	TRUZX	T Rowe Price	Pair Corr
0.85	PCBIX	Midcap Fund Institutional	Pair Corr
0.85	PEMGX	Midcap Fund Class	Pair Corr
0.86	PMBCX	Midcap Fund Class	Pair Corr
0.95	CISGX	Touchstone Sands Capital	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.89	AXP	American Express	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.7	BA	Boeing	Pair Corr

Moving against Jpmorgan Mutual Fund

0.56	UGPIX	Ultrachina Profund	Pair Corr
0.45	UGPSX	Ultrachina Profund	Pair Corr
0.38	PMPIX	Precious Metals Ultr	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.5	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	CMGUX	TAAQX	TASTX	ATOAX	DMBAX	SUSAX
CMGUX		0.96	0.96	0.99	0.93	0.99	CMGUX
TAAQX	0.96		1.0	0.95	0.94	0.99	TAAQX
TASTX	0.96	1.0		0.96	0.95	0.99	TASTX
ATOAX	0.99	0.95	0.96		0.91	0.98	ATOAX
DMBAX	0.93	0.94	0.95	0.91		0.94	DMBAX
SUSAX	0.99	0.99	0.99	0.98	0.94		SUSAX
	CMGUX	TAAQX	TASTX	ATOAX	DMBAX	SUSAX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Mid 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 Mid'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMGUX	0.04	0.00	0.00	0.00	0.00	0.11	0.00	0.54
TAAQX	0.09	0.02	0.66	1.93	(0.15)	0.21	(0.10)	0.62
TASTX	0.08	0.02	0.64	0.93	(0.17)	0.21	(0.10)	0.62
ATOAX	0.02	0.00	0.00	0.19	0.00	0.00	0.00	0.30
DMBAX	0.06	0.00	0.54	(0.07)	(0.10)	0.16	(0.08)	0.31
SUSAX	0.06	0.01	0.72	1.31	(0.18)	0.10	(0.10)	0.51

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