Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2040
SMTYX Fund  USD 21.80  0.11  0.50%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2050 is 0.96 (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

Poor diversification

The correlation between Jpmorgan Smartretirement 2040 and DJI is 0.69 (i.e., 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  1.0SRJCX Jpmorgan SmartretirementPairCorr
  0.9SRJAX Jpmorgan SmartretirementPairCorr
  0.7OSGIX Jpmorgan Mid CapPairCorr
  0.93JPBRX Jpmorgan Smartretirement*PairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.62JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.91JPIVX Jpmorgan Intrepid ValuePairCorr
  0.7OSVCX Jpmorgan Small CapPairCorr
  0.61JPHSX Jpmorgan Floating RatePairCorr
  0.75JPPEX Jpmorgan Mid CapPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.93JPTBX Jpmorgan Smartretirement*PairCorr
  0.93JPTKX Jpmorgan Smartretirement*PairCorr
  0.93JPTLX Jpmorgan Smartretirement*PairCorr
  0.93JPSRX Jpmorgan Smartretirement*PairCorr
  0.93JPYRX Jpmorgan Smartretirement*PairCorr

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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