Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JBYSX Fund  USD 23.43  0.06  0.26%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement 2035 is 0.9 (i.e., Almost no 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 weak diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.83SRJIX Jpmorgan SmartretirementPairCorr
  0.82SRJQX Jpmorgan SmartretirementPairCorr
  0.82SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.81SRJZX Jpmorgan SmartretirementPairCorr
  0.81SRJCX Jpmorgan SmartretirementPairCorr
  0.82SRJAX Jpmorgan SmartretirementPairCorr
  0.75OSGCX Jpmorgan Small CapPairCorr
  0.73OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan SmartretirementPairCorr
  0.75JPDAX Jpmorgan Preferred AndPairCorr
  0.76JPDCX Jpmorgan Preferred AndPairCorr
  0.75JPDIX Jpmorgan Preferred AndPairCorr
  0.75JPDRX Jpmorgan Preferred AndPairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.84JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.79OSTAX Jpmorgan Short InterPairCorr
  0.76OSTSX Jpmorgan Short InterPairCorr
  0.81OBBCX Jpmorgan MortgagePairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.82OBDCX Jpmorgan E PlusPairCorr
  0.74JPPEX Jpmorgan Mid CapPairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.98JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan Smartretirement*PairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.62JPVRX Jpmorgan InternationalPairCorr
  0.61JPVZX Jpmorgan InternationalPairCorr
  0.75OBOCX Jpmorgan E BondPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.43 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.88 
(1.03)
 3.12 
SRJQX  0.43 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.93 
(1.08)
 3.17 
SRJPX  0.43 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.84 
(1.03)
 3.11 
SRJYX  0.43 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.84 
(1.08)
 3.11 
SRJZX  0.43 (0.05) 0.00 (0.10) 0.00 
 0.00 
 0.85 
(1.10)
 3.06 
SRJCX  0.43 (0.05) 0.00 (0.11) 0.00 
 0.00 
 0.90 
(1.10)
 3.14 
SRJAX  0.43 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.88 
(1.09)
 3.15 
OSGCX  0.92  0.07  0.04  0.20  1.16 
(0.97)
 1.79 
(1.68)
 8.94 
OSGIX  1.02 (0.01)(0.01) 0.03  2.07 
(0.89)
 1.79 
(1.75)
 11.84 

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