Jpmorgan Emerging Correlations
| JEMDX Fund | USD 6.28 0.01 0.16% |
The current 90-days correlation between Jpmorgan Emerging Markets and Fidelity Stock Selector is 0.08 (i.e., Significant diversification). The correlation of Jpmorgan Emerging 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 Emerging Correlation With Market
Modest diversification
The correlation between Jpmorgan Emerging Markets and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
| 0.85 | OSTAX | Jpmorgan Short-intermedia | PairCorr |
| 0.79 | OSTCX | Jpmorgan Short Duration | PairCorr |
| 0.79 | OSTSX | Jpmorgan Short-intermedia | PairCorr |
| 0.74 | JPICX | Jpmorgan California Tax | PairCorr |
| 0.65 | OBDCX | Jpmorgan E Plus | 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 Emerging 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 Emerging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLUEX | 0.51 | 0.11 | (0.04) | (3.99) | 0.32 | 1.12 | 3.46 | |||
| LMUSX | 0.62 | 0.03 | 0.02 | 0.15 | 0.72 | 1.52 | 4.15 | |||
| TWQZX | 0.50 | 0.00 | (0.04) | 0.12 | 0.33 | 1.16 | 3.48 | |||
| FMSTX | 0.53 | 0.06 | 0.06 | 0.19 | 0.30 | 1.14 | 3.58 | |||
| LCGFX | 0.73 | 0.00 | (0.01) | 0.12 | 1.01 | 1.71 | 5.22 | |||
| TFCCX | 0.51 | 0.02 | (0.01) | 0.15 | 0.37 | 0.99 | 3.59 | |||
| QCERX | 0.64 | (0.01) | (0.01) | 0.11 | 0.72 | 1.52 | 4.31 |