Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKCX Fund  USD 23.51  0.12  0.51%   
The current 90-days correlation between Jpmorgan Smartretirement and T Rowe Price is -0.11 (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

Very poor diversification

The correlation between Jpmorgan Smartretirement 2060 and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2060 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Smartretirement 2060. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.89SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.89SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.67OSGCX Jpmorgan Small CapPairCorr
  0.75OSGIX Jpmorgan Mid CapPairCorr
  0.97JPBRX Jpmorgan Smartretirement*PairCorr
  0.73JPDAX Jpmorgan Preferred AndPairCorr
  0.74JPDIX Jpmorgan Preferred AndPairCorr
  0.74JPDRX Jpmorgan Preferred AndPairCorr
  0.93JPDVX Jpmorgan DiversifiedPairCorr
  0.82JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.67JPHCX Jpmorgan Floating RatePairCorr
  0.86JPIVX Jpmorgan Intrepid ValuePairCorr
  0.75OSVCX Jpmorgan Small CapPairCorr
  0.68JPHSX Jpmorgan Floating RatePairCorr
  0.68JPHRX Jpmorgan Floating RatePairCorr
  0.77JPPEX Jpmorgan Mid CapPairCorr
  0.87JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.87JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan Smartretirement*PairCorr
  0.87JPSRX Jpmorgan Smartretirement*PairCorr
  0.88JPYRX Jpmorgan SmartretirementPairCorr
  0.69EMREX Jpmorgan Trust IvPairCorr
  0.66EMRSX Jpmorgan Emerging MarketsPairCorr

Moving against Jpmorgan Mutual Fund

  0.44OBBCX Jpmorgan Mortgage-backedPairCorr
  0.4OBDCX Jpmorgan E PlusPairCorr
  0.49OBOCX Jpmorgan E BondPairCorr
  0.47PGBOX Jpmorgan E BondPairCorr

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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