Jpmorgan Correlations

Mutual Funds USA . 
Fund . Jpmorgan Research Equity
JEPAX Fund  USD 14.93  0.06  0.40%   
The current 90-days correlation between Jpmorgan Research Equity and Jpmorgan Smartretirement 2035 is 0.73 (i.e., Poor diversification). The correlation of Jpmorgan 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 Correlation With Market

Very poor diversification

The correlation between Jpmorgan Research Equity and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Research Equity 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 Research Equity. 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

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.8SRJSX Jpmorgan SmartretirementPairCorr
  0.81SRJYX Jpmorgan SmartretirementPairCorr
  0.79SRJZX Jpmorgan SmartretirementPairCorr
  0.78SRJCX Jpmorgan SmartretirementPairCorr
  0.79SRJAX Jpmorgan SmartretirementPairCorr
  0.76OSGCX Jpmorgan Small CapPairCorr
  0.88OSGIX Jpmorgan Mid CapPairCorr
  0.79JPBRX Jpmorgan Smartretirement*PairCorr
  0.83JPDAX Jpmorgan Preferred AndPairCorr
  0.85JPDIX Jpmorgan Preferred AndPairCorr
  0.85JPDRX Jpmorgan Preferred AndPairCorr
  0.7JPDVX Jpmorgan DiversifiedPairCorr
  0.91JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.91JPHAX Jpmorgan Floating RatePairCorr
  0.89JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.75OSVCX Jpmorgan Small CapPairCorr
  0.89JPHSX Jpmorgan Floating RatePairCorr
  0.9JPHRX Jpmorgan Floating RatePairCorr
  0.91JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan Smartretirement*PairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.77JPTLX Jpmorgan SmartretirementPairCorr
  0.78JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.63OBBCX Jpmorgan Mortgage-backedPairCorr
  0.6OBDCX Jpmorgan E PlusPairCorr
  0.63OBOCX Jpmorgan E BondPairCorr
  0.61PGBOX Jpmorgan E BondPairCorr
  0.42JPVZX Jpmorgan InternationalPairCorr
  0.4JPVRX Jpmorgan InternationalPairCorr

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 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'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.03)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.51 
SRJQX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.42 
SRJPX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.87 
(0.81)
 2.51 
SRJSX  0.40 (0.04)(0.18) 0.05  0.47 
(0.43)
 0.86 
(0.80)
 2.47 
SRJYX  0.40 (0.04)(0.17) 0.06  0.48 
(0.43)
 0.86 
(0.80)
 2.51 
SRJZX  0.40 (0.04)(0.18) 0.05  0.47 
(0.42)
 0.87 
(0.77)
 2.46 
SRJCX  0.40 (0.04)(0.18) 0.05  0.48 
(0.44)
 0.88 
(0.82)
 2.48 
SRJAX  0.40 (0.04)(0.17) 0.05  0.47 
(0.44)
 0.87 
(0.81)
 2.44 
OSGCX  0.91 (0.02) 0.02  0.10  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
OSGIX  0.76  0.08  0.09  0.19  0.77 
(0.83)
 1.58 
(1.74)
 5.03 

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