| SRJPX Fund | | | USD 20.86 0.01 0.05% |
The current 90-days correlation between Jpmorgan Smartretirement and Vanguard Target Retirement is -0.08 (i.e., Good 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 2035 and DJI is 0.78 (i.e., Poor 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.
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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 american community survey.