Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2040
SMTCX Fund  USD 21.08  0.15  0.71%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2050 is 0.94 (i.e., Almost no diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Very weak diversification

The correlation between Jpmorgan Smartretirement 2040 and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2040 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Jpmorgan Smartretirement 2040. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.7OSGCX Jpmorgan Small CapPairCorr
  0.83OSGIX Jpmorgan Mid CapPairCorr
  0.83JPBRX Jpmorgan Smartretirement*PairCorr
  0.93JPDVX Jpmorgan DiversifiedPairCorr
  0.77JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.88JPIVX Jpmorgan Intrepid ValuePairCorr
  0.8OSVCX Jpmorgan Small CapPairCorr
  0.69OBBCX Jpmorgan Mortgage-backedPairCorr
  0.78JPICX Jpmorgan California TaxPairCorr
  0.74OBDCX Jpmorgan E PlusPairCorr
  0.86JPPEX Jpmorgan Mid CapPairCorr
  0.85JPRRX Jpmorgan SmartretirementPairCorr
  0.82JPTBX Jpmorgan Smartretirement*PairCorr
  0.83JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPTLX Jpmorgan Smartretirement*PairCorr
  0.83JPSRX Jpmorgan Smartretirement*PairCorr
  0.73OBOCX Jpmorgan E BondPairCorr
  0.82JPYRX 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 Smartretirement 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 Smartretirement'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.

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