JPM Global Correlations

JEGA Etf

28.92 0.01 0.03%

The current 90-days correlation between JPM Global Equity and Leverage Shares 3x is 0.2 (i.e., Modest diversification). The correlation of JPM Global 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.

JPM Global Correlation With Market

Modest diversification

The correlation between JPM Global Equity and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPM Global Equity and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JPM Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPM Global 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 JPM Global - 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 JPM Global Equity to buy it.

Moving against JPM Etf

0.35

AAVC

Albion Venture Capital

Pair Corr

Related Correlations Analysis

	3PLT	NGSP	3SME	3ARE	3LNG	3CON	SGBP	NVD3	3UBE	QQQ5
3PLT		0.13	0.14	0.96	-0.38	0.93	0.9	0.66	-0.4	0.73	3PLT
NGSP	0.13		-0.12	0.19	0.85	0.09	-0.02	-0.24	-0.12	0.02	NGSP
3SME	0.14	-0.12		0.01	-0.21	0.14	0.39	0.07	-0.23	-0.2	3SME
3ARE	0.96	0.19	0.01		-0.3	0.95	0.81	0.64	-0.38	0.78	3ARE
3LNG	-0.38	0.85	-0.21	-0.3		-0.38	-0.52	-0.59	0.05	-0.36	3LNG
3CON	0.93	0.09	0.14	0.95	-0.38		0.84	0.67	-0.37	0.72	3CON
SGBP	0.9	-0.02	0.39	0.81	-0.52	0.84		0.68	-0.39	0.57	SGBP
NVD3	0.66	-0.24	0.07	0.64	-0.59	0.67	0.68		0.11	0.88	NVD3
3UBE	-0.4	-0.12	-0.23	-0.38	0.05	-0.37	-0.39	0.11		0.11	3UBE
QQQ5	0.73	0.02	-0.2	0.78	-0.36	0.72	0.57	0.88	0.11		QQQ5
	3PLT	NGSP	3SME	3ARE	3LNG	3CON	SGBP	NVD3	3UBE	QQQ5

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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

3ARE	+ 0.96	3PLT
3CON	+ 0.95	3ARE
3CON	+ 0.93	3PLT
SGBP	+ 0.9	3PLT
QQQ5	+ 0.88	NVD3
3LNG	+ 0.85	NGSP

High negative correlations

NVD3	- 0.59	3LNG
SGBP	- 0.52	3LNG
3UBE	- 0.4	3PLT
3UBE	- 0.39	SGBP
3CON	- 0.38	3LNG
3UBE	- 0.38	3ARE

JPM Global Constituents Risk-Adjusted Indicators

There is a big difference between JPM Etf performing well and JPM Global 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 JPM Global'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
3PLT	8.24	4.01	0.49	(1.57)	5.81	(10.23)	20.13	(10.82)	76.95
NGSP	2.30	0.14	0.01	2.29	2.70	(2.40)	6.05	(4.16)	15.34
3SME	2.94	0.15	(0.03)	0.00	4.00	(2.79)	5.63	(6.76)	27.04
3ARE	4.73	1.11	0.19	0.83	5.20	(4.97)	10.60	(9.50)	40.25
3LNG	6.42	0.17	0.01	0.88	7.68	(6.83)	18.04	(9.24)	42.75
3CON	12.24	2.22	0.18	0.85	12.92	(13.77)	29.54	(18.20)	99.07
SGBP	0.33	0.06	(0.17)	(1.82)	0.23	(0.39)	0.98	(0.58)	2.11
NVD3	6.37	0.63	0.07	0.86	8.10	(6.27)	12.94	(12.07)	39.29
3UBE	5.05	0.03	0.00	0.19	8.14	(5.32)	10.10	(9.89)	60.76
QQQ5	3.66	0.24	0.06	0.26	5.26	(3.84)	10.53	(10.08)	29.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in JPM Global 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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