Jpmorgan Tax Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Tax Free
RUNFX Fund  USD 10.77  0.01  0.09%   
The current 90-days correlation between Jpmorgan Tax Free and Jpmorgan Smartretirement 2035 is 0.02 (i.e., Significant diversification). The correlation of Jpmorgan Tax 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 Tax Correlation With Market

Significant diversification

The correlation between Jpmorgan Tax Free and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Tax Free 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 Tax Free. 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

  0.66SRJIX Jpmorgan SmartretirementPairCorr
  0.66SRJQX Jpmorgan SmartretirementPairCorr
  0.67SRJPX Jpmorgan SmartretirementPairCorr
  0.67SRJSX Jpmorgan SmartretirementPairCorr
  0.69SRJYX Jpmorgan SmartretirementPairCorr
  0.67SRJZX Jpmorgan SmartretirementPairCorr
  0.68SRJCX Jpmorgan SmartretirementPairCorr
  0.67SRJAX Jpmorgan SmartretirementPairCorr
  0.61JPBRX Jpmorgan SmartretirementPairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.74JPDIX Jpmorgan Preferred AndPairCorr
  0.73JPDRX Jpmorgan Preferred AndPairCorr
  0.73JPDVX Jpmorgan DiversifiedPairCorr
  0.88OSTAX Jpmorgan Short InterPairCorr
  0.95OSTSX Jpmorgan Short-intermediaPairCorr
  0.75OBBCX Jpmorgan Mortgage-backedPairCorr
  0.93JPICX Jpmorgan California TaxPairCorr
  0.81OBDCX Jpmorgan E PlusPairCorr
  0.63JPRRX Jpmorgan SmartretirementPairCorr
  0.62JPTKX Jpmorgan Smartretirement*PairCorr
  0.62JPTLX Jpmorgan Smartretirement*PairCorr
  0.62JPSRX Jpmorgan SmartretirementPairCorr
  0.67JPVRX Jpmorgan InternationalPairCorr
  0.67JPVZX Jpmorgan InternationalPairCorr
  0.74OBOCX Jpmorgan E BondPairCorr
  0.61JPYRX 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 Tax 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 Tax'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  0.45 (0.10) 0.00 (0.65) 0.00 
 0.00 
 0.71 
(1.05)
 3.96 
SRJQX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.82 
SRJPX  0.44 (0.09) 0.00 (0.65) 0.00 
 0.00 
 0.67 
(1.07)
 3.49 
SRJSX  0.45 (0.10) 0.00 (0.64) 0.00 
 0.00 
 0.71 
(1.05)
 3.72 
SRJYX  0.45 (0.12) 0.00 (0.53) 0.00 
 0.00 
 0.62 
(1.10)
 4.00 
SRJZX  0.44 (0.09) 0.00 (0.64) 0.00 
 0.00 
 0.72 
(1.12)
 3.29 
SRJCX  0.44 (0.09) 0.00 (0.63) 0.00 
 0.00 
 0.67 
(1.08)
 3.13 
SRJAX  0.45 (0.10) 0.00 (0.63) 0.00 
 0.00 
 0.66 
(1.06)
 3.61 
OSGCX  0.95  0.06  0.04  0.19  1.24 
(0.96)
 1.88 
(1.67)
 8.87 
OSGIX  0.98 (0.01)(0.01)(0.01) 2.02 
(0.89)
 1.58 
(1.75)
 11.84 

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