JPMorgan Core Correlations

JCOR Etf

28.68 0.30 1.04%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Core Active moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JPMorgan Core Correlation With Market

Very weak diversification

The correlation between JPMorgan Core Active and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Core Active and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JPMorgan Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Core Active to buy it.

Moving together with JPMorgan Etf

0.64	ZSP	BMO SP 500	Pair Corr
0.65	VFV	Vanguard SP 500	Pair Corr
0.65	CBCX	CI Galaxy Blockchain	Pair Corr
0.68	TPU	TD Equity Index	Pair Corr
0.64	TGGR	TD Active Global	Pair Corr

Moving against JPMorgan Etf

0.33	ZUB	BMO Equal Weight	Pair Corr
0.63	BITI	BetaPro Inverse Bitcoin	Pair Corr
0.41	RQO	RBC Target 2026	Pair Corr
0.32	BNC	Purpose Canadian Fin	Pair Corr

Related Correlations Analysis

	SPXI	GDXD	CNDI	XMTM	ZZZD	LEAD	HBLK	JAPN	PBI	NRGU
SPXI		0.52	0.62	-0.5	-0.24	-0.3	-0.08	-0.53	-0.68	-0.04	SPXI
GDXD	0.52		0.85	0.35	-0.43	0.58	0.52	-0.79	-0.15	-0.58	GDXD
CNDI	0.62	0.85		0.09	-0.34	0.31	0.24	-0.95	-0.38	-0.33	CNDI
XMTM	-0.5	0.35	0.09		-0.08	0.79	0.65	-0.08	0.46	-0.38	XMTM
ZZZD	-0.24	-0.43	-0.34	-0.08		-0.26	-0.41	0.34	0.0	0.46	ZZZD
LEAD	-0.3	0.58	0.31	0.79	-0.26		0.65	-0.32	0.53	-0.68	LEAD
HBLK	-0.08	0.52	0.24	0.65	-0.41	0.65		-0.13	0.29	-0.34	HBLK
JAPN	-0.53	-0.79	-0.95	-0.08	0.34	-0.32	-0.13		0.29	0.37	JAPN
PBI	-0.68	-0.15	-0.38	0.46	0.0	0.53	0.29	0.29		-0.22	PBI
NRGU	-0.04	-0.58	-0.33	-0.38	0.46	-0.68	-0.34	0.37	-0.22		NRGU
	SPXI	GDXD	CNDI	XMTM	ZZZD	LEAD	HBLK	JAPN	PBI	NRGU

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CNDI	+ 0.85	GDXD
LEAD	+ 0.79	XMTM
HBLK	+ 0.65	XMTM
HBLK	+ 0.65	LEAD
CNDI	+ 0.62	SPXI
LEAD	+ 0.58	GDXD

High negative correlations

JAPN	- 0.95	CNDI
JAPN	- 0.79	GDXD
NRGU	- 0.68	LEAD
PBI	- 0.68	SPXI
NRGU	- 0.58	GDXD
JAPN	- 0.53	SPXI

JPMorgan Core Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Core ETF 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
SPXI	0.55	(0.04)	0.00	(0.60)	0.00	0.00	1.16	(1.11)	3.12
GDXD	3.16	(1.14)	0.00	(9.76)	0.00	0.00	7.58	(7.58)	23.26
CNDI	0.54	(0.14)	0.00	0.88	0.00	0.00	0.98	(1.08)	3.10
XMTM	0.80	(0.04)	0.00	0.25	0.00	0.00	1.59	(2.05)	4.78
ZZZD	0.40	0.05	(0.08)	1.33	0.41	(0.46)	0.99	(0.75)	3.26
LEAD	0.67	(0.12)	0.00	(0.59)	0.00	0.00	1.44	(2.01)	5.02
HBLK	2.78	(0.43)	0.00	(0.81)	0.00	0.00	6.02	(5.95)	15.02
JAPN	0.61	0.23	0.24	1.29	0.16	(0.78)	1.53	(1.00)	3.64
PBI	0.60	(0.03)	(0.12)	(0.02)	0.76	(0.63)	1.78	(1.15)	3.81
NRGU	1.99	0.45	0.14	1.48	2.37	(2.12)	4.44	(3.07)	12.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in JPMorgan Core without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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