Jpmorgan Small Correlations

VSEAX Fund

USD 38.77 0.21 0.54%

The current 90-days correlation between Jpmorgan Small Cap and Sterling Capital Short is -0.1 (i.e., Good diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Poor diversification

The correlation between Jpmorgan Small Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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

0.95	JAMCX	Jpmorgan Mid Cap	Pair Corr
0.62	JSBZX	Jpmorgan Trust Iv	Pair Corr
0.98	JSCSX	Jpmorgan Small Pany	Pair Corr
0.63	JTSQX	Jp Morgan Smartretirement	Pair Corr
0.95	JCICX	Jpmorgan Intrepid Growth	Pair Corr
0.96	JUEZX	Jpmorgan Equity	Pair Corr
0.74	JUSPX	Jpmorgan Small Pany	Pair Corr
0.66	JVAAX	Jpmorgan Value Advantage	Pair Corr
0.62	JGAQX	Jpmorgan Value Advantage	Pair Corr
0.96	OLGCX	Jpmorgan Large Cap	Pair Corr
0.96	OLGAX	Jpmorgan Large Cap	Pair Corr

Moving against Jpmorgan Mutual Fund

0.71	JSDCX	Jpmorgan Short Duration	Pair Corr
0.69	HLGAX	Jpmorgan Government Bond	Pair Corr
0.64	JCBPX	Jpmorgan E Bond	Pair Corr
0.55	STMCX	Jpmorgan Short-intermedia	Pair Corr
0.52	JSEAX	Jpmorgan International	Pair Corr
0.48	JPDRX	Jpmorgan Preferred And	Pair Corr
0.42	JEMDX	Jpmorgan Emerging Markets	Pair Corr
0.69	JGBZX	Jpmorgan Government Bond	Pair Corr
0.63	JMSIX	Jpmorgan Income	Pair Corr
0.62	ONIAX	Jpmorgan E Plus	Pair Corr
0.5	JMGLX	Jpmorgan Managed Income	Pair Corr
0.47	JFEIX	Jpmorgan Intrepid	Pair Corr
0.37	USMSX	Jpmorgan Ultra Short	Pair Corr
0.32	JYHRX	Jpmorgan High Yield	Pair Corr

Related Correlations Analysis

	BBSCX	SIGZX	TASTX	AOUNX	NWJVX	SUSAX	FUEMX
BBSCX		0.98	0.99	0.98	0.97	0.98	0.97	BBSCX
SIGZX	0.98		0.98	0.99	0.97	0.99	0.98	SIGZX
TASTX	0.99	0.98		0.99	0.97	0.98	0.96	TASTX
AOUNX	0.98	0.99	0.99		0.97	1.0	0.98	AOUNX
NWJVX	0.97	0.97	0.97	0.97		0.96	0.95	NWJVX
SUSAX	0.98	0.99	0.98	1.0	0.96		0.98	SUSAX
FUEMX	0.97	0.98	0.96	0.98	0.95	0.98		FUEMX
	BBSCX	SIGZX	TASTX	AOUNX	NWJVX	SUSAX	FUEMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Small 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 Small'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBSCX	0.07	0.01	0.53	(0.40)	(0.17)	0.24	(0.12)	0.48
SIGZX	0.06	0.01	0.75	(1.78)	(0.17)	0.10	(0.10)	0.61
TASTX	0.08	0.01	0.63	(0.55)	(0.17)	0.21	(0.10)	0.62
AOUNX	0.05	0.01	0.00	(0.64)	0.00	0.10	(0.10)	0.52
NWJVX	0.08	0.01	0.64	0.99	(0.14)	0.20	(0.10)	0.61
SUSAX	0.06	0.01	0.72	(0.41)	(0.18)	0.10	(0.10)	0.51
FUEMX	0.04	0.00	0.00	(0.29)	0.00	0.10	(0.10)	0.40

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