Jpmorgan Trust Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Trust Iv
EMREX Fund  USD 16.87  0.01  0.06%   
The current 90-days correlation between Jpmorgan Trust Iv and Jpmorgan Smartretirement 2035 is 0.7 (i.e., Poor diversification). The correlation of Jpmorgan Trust 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 Trust Correlation With Market

Weak diversification

The correlation between Jpmorgan Trust Iv and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Trust Iv and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Jpmorgan Trust Iv. 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 income.

Moving together with Jpmorgan Mutual Fund

  0.7SRJIX Jpmorgan SmartretirementPairCorr
  0.7SRJQX Jpmorgan SmartretirementPairCorr
  0.7SRJPX Jpmorgan SmartretirementPairCorr
  0.7SRJSX Jpmorgan SmartretirementPairCorr
  0.69SRJYX Jpmorgan SmartretirementPairCorr
  0.7SRJZX Jpmorgan SmartretirementPairCorr
  0.71SRJCX Jpmorgan SmartretirementPairCorr
  0.7SRJAX Jpmorgan SmartretirementPairCorr
  0.71JPBRX Jpmorgan Smartretirement*PairCorr
  0.64JPDAX Jpmorgan Preferred AndPairCorr
  0.63JPDIX Jpmorgan Preferred AndPairCorr
  0.64JPDRX Jpmorgan Preferred AndPairCorr
  0.67JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPRRX Jpmorgan SmartretirementPairCorr
  0.66JPTBX Jpmorgan Smartretirement*PairCorr
  0.71JPTKX Jpmorgan Smartretirement*PairCorr
  0.71JPTLX Jpmorgan SmartretirementPairCorr
  0.71JPSRX Jpmorgan Smartretirement*PairCorr
  0.71JPYRX Jpmorgan SmartretirementPairCorr
  1.0EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Trust 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 Trust'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.03)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.51 
SRJQX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.42 
SRJPX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.87 
(0.81)
 2.51 
SRJSX  0.40 (0.04)(0.18) 0.05  0.47 
(0.43)
 0.86 
(0.80)
 2.47 
SRJYX  0.40 (0.04)(0.17) 0.06  0.48 
(0.43)
 0.86 
(0.80)
 2.51 
SRJZX  0.40 (0.04)(0.18) 0.05  0.47 
(0.42)
 0.87 
(0.77)
 2.46 
SRJCX  0.40 (0.04)(0.18) 0.05  0.48 
(0.44)
 0.88 
(0.82)
 2.48 
SRJAX  0.40 (0.04)(0.17) 0.05  0.47 
(0.44)
 0.87 
(0.81)
 2.44 
OSGCX  0.91 (0.02) 0.02  0.10  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
OSGIX  0.76  0.08  0.09  0.19  0.77 
(0.83)
 1.58 
(1.74)
 5.03 

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