Jpmorgan Emerging Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Emerging Markets
JEMSX Fund  USD 30.97  0.22  0.71%   
The current 90-days correlation between Jpmorgan Emerging Markets and Jpmorgan International Value is 0.78 (i.e., Poor 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

Very weak diversification

The correlation between Jpmorgan Emerging Markets and DJI is 0.4 (i.e., Very weak 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Emerging Markets. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.71SRJIX Jpmorgan SmartretirementPairCorr
  0.71SRJQX Jpmorgan SmartretirementPairCorr
  0.72SRJPX Jpmorgan SmartretirementPairCorr
  0.72SRJSX Jpmorgan SmartretirementPairCorr
  0.71SRJYX Jpmorgan SmartretirementPairCorr
  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.66SRJCX Jpmorgan SmartretirementPairCorr
  0.72SRJAX Jpmorgan SmartretirementPairCorr
  0.72JPBRX Jpmorgan Smartretirement*PairCorr
  0.66JPDAX Jpmorgan Preferred AndPairCorr
  0.65JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.68JPDVX Jpmorgan DiversifiedPairCorr
  0.73JPRRX Jpmorgan SmartretirementPairCorr
  0.69JPTBX Jpmorgan Smartretirement*PairCorr
  0.72JPTKX Jpmorgan Smartretirement*PairCorr
  0.73JPTLX Jpmorgan SmartretirementPairCorr
  0.72JPSRX Jpmorgan Smartretirement*PairCorr
  0.72JPYRX Jpmorgan SmartretirementPairCorr
  0.99EMREX Jpmorgan Trust IvPairCorr
  0.99EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

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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   
VSNGX
+ 0.96
JUESX
OHYFX
+ 0.83
JUESX
OHYFX
+ 0.8
VSNGX
BMCIX
+ 0.67
JUESX
BMCIX
+ 0.66
VSNGX
BMCIX
+ 0.52
OHYFX
  
High negative correlations   
VSNGX
- 0.55
JIESX
JUESX
- 0.47
JIESX
OHYFX
- 0.34
JIESX

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.

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