Jpmorgan E Correlations

Mutual Funds . USA . 
Fund . Jpmorgan E Bond
JCBZX Fund  USD 10.14  0.02  0.20%   
The current 90-days correlation between Jpmorgan E Bond and Jpmorgan Equity Fund is 0.18 (i.e., Average diversification). The correlation of Jpmorgan E 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 E Correlation With Market

Modest diversification

The correlation between Jpmorgan E Bond and DJI is 0.21 (i.e., Modest 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.85SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.84SRJPX Jpmorgan SmartretirementPairCorr
  0.85SRJSX Jpmorgan SmartretirementPairCorr
  0.84SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.85SRJCX Jpmorgan SmartretirementPairCorr
  0.84SRJAX Jpmorgan SmartretirementPairCorr
  0.72OSGIX Jpmorgan Mid CapPairCorr
  0.72JPBRX Jpmorgan SmartretirementPairCorr
  0.85JPDVX Jpmorgan DiversifiedPairCorr
  0.75JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69OSTAX Jpmorgan Short InterPairCorr
  0.67JPIVX Jpmorgan Intrepid ValuePairCorr
  0.69OSVCX Jpmorgan Small CapPairCorr
  0.99OBBCX Jpmorgan MortgagePairCorr
  0.79JPICX Jpmorgan California TaxPairCorr
  0.99OBDCX Jpmorgan E PlusPairCorr
  0.71JPPEX Jpmorgan Mid CapPairCorr
  0.74JPRRX Jpmorgan SmartretirementPairCorr
  0.67JPTBX Jpmorgan Smartretirement*PairCorr
  0.72JPTKX Jpmorgan Smartretirement*PairCorr
  0.73JPTLX Jpmorgan Smartretirement*PairCorr
  0.73JPSRX Jpmorgan Smartretirement*PairCorr
  0.99OBOCX Jpmorgan E BondPairCorr
  0.72JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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