Jpmorgan Short Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Short Intermediate Municipal
OSTAX Fund  USD 10.12  0.01  0.1%   
The current 90-days correlation between Jpmorgan Short Inter and Jpmorgan Smartretirement 2035 is 0.38 (i.e., Weak diversification). The correlation of Jpmorgan Short 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 Short Correlation With Market

Average diversification

The correlation between Jpmorgan Short Intermediate Mu and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Short Intermediate Mu 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 Short Intermediate Municipal. 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

  0.65SRJIX Jpmorgan SmartretirementPairCorr
  0.65SRJQX Jpmorgan SmartretirementPairCorr
  0.64SRJPX Jpmorgan SmartretirementPairCorr
  0.65SRJSX Jpmorgan SmartretirementPairCorr
  0.65SRJYX Jpmorgan SmartretirementPairCorr
  0.63SRJZX Jpmorgan SmartretirementPairCorr
  0.62SRJCX Jpmorgan SmartretirementPairCorr
  0.64SRJAX Jpmorgan SmartretirementPairCorr
  0.85JPBRX Jpmorgan SmartretirementPairCorr
  0.88JPDAX Jpmorgan Preferred AndPairCorr
  0.88JPDCX Jpmorgan Preferred AndPairCorr
  0.9JPDIX Jpmorgan Preferred AndPairCorr
  0.89JPDRX Jpmorgan Preferred AndPairCorr
  0.71JPDVX Jpmorgan DiversifiedPairCorr
  0.98OSTSX Jpmorgan Short-intermediaPairCorr
  0.8OBBCX Jpmorgan Mortgage-backedPairCorr
  0.72JPICX Jpmorgan California TaxPairCorr
  0.8OBDCX Jpmorgan E PlusPairCorr
  0.84JPRRX Jpmorgan SmartretirementPairCorr
  0.83JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPTLX Jpmorgan Smartretirement*PairCorr
  0.85JPSRX Jpmorgan Smartretirement*PairCorr
  0.8JPVRX Jpmorgan InternationalPairCorr
  0.8JPVZX Jpmorgan InternationalPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.85JPYRX Jpmorgan Smartretirement*PairCorr
  0.71EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Short 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 Short'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.43 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.71 
(0.77)
 2.86 
SRJQX  0.43 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.71 
(0.82)
 2.86 
SRJPX  0.43 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.67 
(0.83)
 2.80 
SRJSX  0.43 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.71 
(0.78)
 2.76 
SRJYX  0.44 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.71 
(0.77)
 2.81 
SRJZX  0.44 (0.02) 0.00 (0.06) 0.00 
 0.00 
 0.72 
(0.75)
 2.85 
SRJCX  0.43 (0.02) 0.00 (0.06) 0.00 
 0.00 
 0.67 
(0.84)
 2.88 
SRJAX  0.43 (0.02) 0.00 (0.05) 0.00 
 0.00 
 0.66 
(0.83)
 2.79 
OSGCX  0.92 (0.04) 0.00 (0.05) 0.00 
 0.00 
 1.59 
(1.74)
 6.26 
OSGIX  1.02 (0.07) 0.00 (0.11) 0.00 
 0.00 
 1.76 
(2.07)
 10.36 

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