Jpmorgan Core Correlations

JCBPX Fund

USD 10.27 0.04 0.39%

The current 90-days correlation between Jpmorgan E Bond and Jpmorgan Smartretirement 2035 is 0.09 (i.e., Significant diversification). The correlation of Jpmorgan Core 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 Core Correlation With Market

Good diversification

The correlation between Jpmorgan E Bond and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan E Bond 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 E Bond. 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.

Moving together with Jpmorgan Mutual Fund

0.82	OSTCX	Jpmorgan Short Duration	Pair Corr
0.72	OSTSX	Jpmorgan Short Inter	Pair Corr
1.0	OBBCX	Jpmorgan Mortgage	Pair Corr
0.79	JPICX	Jpmorgan California Tax	Pair Corr
0.71	JPVRX	Jpmorgan International	Pair Corr
1.0	OBOCX	Jpmorgan E Bond	Pair Corr
1.0	PGBOX	Jpmorgan E Bond	Pair Corr
0.87	STMCX	Jpmorgan Short-intermedia	Pair Corr

Moving against Jpmorgan Mutual Fund

0.85	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.84	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.77	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.74	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.74	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.73	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.66	OSGCX	Jpmorgan Small Cap	Pair Corr
0.61	OSVCX	Jpmorgan Small Cap	Pair Corr
0.48	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.36	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.36	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.36	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.35	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.35	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.34	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.34	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.33	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.32	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.31	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.31	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.71	JAMCX	Jpmorgan Mid Cap	Pair Corr
0.67	PGSGX	Jpmorgan Small Cap	Pair Corr
0.64	ODMCX	Jpmorgan Intrepid Mid	Pair Corr
0.64	JSEZX	Jpmorgan Small Cap	Pair Corr
0.64	JSECX	Jpmorgan Small Cap	Pair Corr
0.64	JSERX	Jpmorgan Small Cap	Pair Corr
0.64	JSEQX	Jpmorgan Small Cap	Pair Corr
0.61	JSCSX	Jpmorgan Small Pany	Pair Corr
0.6	JSCZX	Jpmorgan Small Pany	Pair Corr
0.53	JAKYX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX
SRJIX		1.0	1.0	1.0	1.0	1.0	0.89	1.0	0.65	0.73	SRJIX
SRJQX	1.0		1.0	1.0	1.0	1.0	0.89	1.0	0.65	0.72	SRJQX
SRJPX	1.0	1.0		1.0	1.0	1.0	0.89	1.0	0.64	0.72	SRJPX
SRJSX	1.0	1.0	1.0		1.0	1.0	0.89	1.0	0.65	0.72	SRJSX
SRJYX	1.0	1.0	1.0	1.0		1.0	0.89	1.0	0.66	0.73	SRJYX
SRJZX	1.0	1.0	1.0	1.0	1.0		0.89	1.0	0.63	0.71	SRJZX
SRJCX	0.89	0.89	0.89	0.89	0.89	0.89		0.89	0.66	0.64	SRJCX
SRJAX	1.0	1.0	1.0	1.0	1.0	1.0	0.89		0.64	0.71	SRJAX
OSGCX	0.65	0.65	0.64	0.65	0.66	0.63	0.66	0.64		0.93	OSGCX
OSGIX	0.73	0.72	0.72	0.72	0.73	0.71	0.64	0.71	0.93		OSGIX
	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Core 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 Core'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRJIX	0.39	(0.03)	(0.16)	0.08	0.44	(0.41)	0.86	(0.80)	2.35
SRJQX	0.39	(0.03)	(0.16)	0.07	0.44	(0.41)	0.90	(0.80)	2.40
SRJPX	0.39	(0.03)	(0.16)	0.07	0.48	(0.40)	0.87	(0.81)	2.39
SRJSX	0.39	(0.03)	(0.17)	0.07	0.45	(0.40)	0.86	(0.80)	2.35
SRJYX	0.39	(0.03)	(0.16)	0.08	0.45	(0.42)	0.86	(0.80)	2.39
SRJZX	0.38	(0.03)	(0.17)	0.07	0.47	(0.41)	0.87	(0.77)	2.44
SRJCX	0.39	0.02	(0.19)	4.12	0.48	(0.42)	0.88	(0.82)	2.42
SRJAX	0.39	(0.03)	(0.17)	0.07	0.47	(0.41)	0.86	(0.81)	2.38
OSGCX	0.90	0.11	0.01	0.76	1.05	(0.97)	1.96	(1.81)	6.63
OSGIX	0.73	0.08	0.09	0.20	0.74	(0.80)	1.58	(1.74)	5.03

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