Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Mid
PECAX Fund  USD 16.93  0.08  0.47%   
The current 90-days correlation between Jpmorgan Intrepid Mid and Jpmorgan Smartretirement 2035 is 0.75 (i.e., Poor diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Weak diversification

The correlation between Jpmorgan Intrepid Mid and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Mid 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 Intrepid Mid. 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

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.88SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.82SRJAX Jpmorgan SmartretirementPairCorr
  0.82OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.83JPBRX Jpmorgan Smartretirement*PairCorr
  0.81JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.82JPIVX Jpmorgan Intrepid ValuePairCorr
  0.9OSVCX Jpmorgan Small CapPairCorr
  0.64OBBCX Jpmorgan Mortgage-backedPairCorr
  0.62JPICX Jpmorgan California TaxPairCorr
  0.65OBDCX Jpmorgan E PlusPairCorr
  0.97JPPEX Jpmorgan Mid CapPairCorr
  0.84JPRRX Jpmorgan SmartretirementPairCorr
  0.83JPTBX Jpmorgan Smartretirement*PairCorr
  0.83JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPTLX Jpmorgan Smartretirement*PairCorr
  0.83JPSRX Jpmorgan Smartretirement*PairCorr
  0.83JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Intrepid 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 Intrepid'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 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.12 
SRJQX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.08)
 3.17 
SRJPX  0.43 (0.06) 0.00 (0.20) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.11 
SRJYX  0.44 (0.05) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.08)
 3.11 
SRJZX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.84 
(1.10)
 3.06 
SRJCX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.80 
(1.10)
 3.14 
SRJAX  0.43 (0.06) 0.00 (0.35) 0.00 
 0.00 
 0.79 
(1.09)
 3.15 
OSGCX  0.91  0.06  0.04  0.17  1.19 
(0.96)
 1.79 
(1.68)
 8.94 
OSGIX  1.01 (0.04) 0.00 (0.06) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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