Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2040
SMTSX Fund  USD 21.74  0.02  0.09%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2030 is 0.99 (i.e., No risk reduction). 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 poor diversification

The correlation between Jpmorgan Smartretirement 2040 and DJI is 0.83 (i.e., Very poor 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 state.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.87SRJAX Jpmorgan SmartretirementPairCorr
  0.65OSGIX Jpmorgan Mid CapPairCorr
  0.85JPDVX Jpmorgan DiversifiedPairCorr
  0.96JRBBX Jpmorgan Smartretirement*PairCorr
  1.0JAAYX Jpmorgan SmartretirementPairCorr
  0.88JAKZX Jpmorgan SmartretirementPairCorr
  0.88JAKYX Jpmorgan SmartretirementPairCorr
  1.0JSAPX Jpmorgan SmartretirementPairCorr
  1.0JSAYX Jpmorgan SmartretirementPairCorr
  0.69JAMCX Jpmorgan Mid CapPairCorr
  1.0JSAAX Jpmorgan SmartretirementPairCorr
  0.74JSIZX Jpmorgan SmartretirementPairCorr
  0.96JSMYX Jpmorgan SmartretirementPairCorr
  0.86JSRSX Jpmorgan SmartretirementPairCorr
  0.89JBBSX Jpmorgan SmartretirementPairCorr
  0.72JSTKX Jpmorgan Smartretirement*PairCorr
  0.61JSVRX Jpmorgan Small CapPairCorr
  0.65SEEGX Jpmorgan Large CapPairCorr
  0.77JBRSX Jpmorgan SmartretirementPairCorr
  1.0JTSQX Jp Morgan SmartretirementPairCorr
  1.0JTSSX Jpmorgan SmartretirementPairCorr
  0.86JTTQX Jpmorgan SmartretirementPairCorr
  0.88JTSIX 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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