Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2035
SRJAX Fund  USD 19.81  0.17  0.85%   
The current 90-days correlation between Jpmorgan Smartretirement and Oppenheimer International Diversified is 0.79 (i.e., Poor 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

Good diversification

The correlation between Jpmorgan Smartretirement 2035 and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2035 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 2035. 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

  0.89SRJIX Jpmorgan SmartretirementPairCorr
  0.89SRJQX Jpmorgan SmartretirementPairCorr
  0.89SRJPX Jpmorgan SmartretirementPairCorr
  0.89SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.89SRJZX Jpmorgan SmartretirementPairCorr
  0.89SRJCX Jpmorgan SmartretirementPairCorr
  0.89JPBRX Jpmorgan SmartretirementPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.87JPIVX Jpmorgan Intrepid ValuePairCorr
  0.66JPHSX Jpmorgan Floating RatePairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.86JPTBX Jpmorgan Smartretirement*PairCorr
  0.89JPTKX Jpmorgan SmartretirementPairCorr
  0.89JPTLX Jpmorgan SmartretirementPairCorr
  0.89JPSRX Jpmorgan Smartretirement*PairCorr
  0.89JPYRX 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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