JPMorgan Equity Correlations

JEPI Etf

USD 58.94 0.04 0.07%

The current 90-days correlation between JPMorgan Equity Premium and JPMorgan Nasdaq Equity is 0.65 (i.e., Poor diversification). The correlation of JPMorgan Equity 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.

JPMorgan Equity Correlation With Market

Very weak diversification

The correlation between JPMorgan Equity Premium and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Equity Premium 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 Equity Premium. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with JPMorgan Etf

0.94	DIVO	Amplify CWP Enhanced	Pair Corr
0.86	KNG	FT Cboe Vest	Pair Corr
0.85	SIXH	ETC 6 Meridian	Pair Corr
0.74	PMBS	PIMCO Mortgage Backed	Pair Corr
0.75	RFDA	RiverFront Dynamic	Pair Corr
0.85	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.62	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr

Moving against JPMorgan Etf

0.34	DSJA	DSJA	Pair Corr
0.42	BA	Boeing	Pair Corr

Related Correlations Analysis

	JEPQ	QYLD	SCHD	RYLD	XYLD
JEPQ		0.8	-0.23	0.8	0.82	JEPQ
QYLD	0.8		-0.42	0.66	0.95	QYLD
SCHD	-0.23	-0.42		0.27	-0.43	SCHD
RYLD	0.8	0.66	0.27		0.67	RYLD
XYLD	0.82	0.95	-0.43	0.67		XYLD
	JEPQ	QYLD	SCHD	RYLD	XYLD

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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

XYLD	+ 0.95	QYLD
XYLD	+ 0.82	JEPQ
QYLD	+ 0.8	JEPQ
RYLD	+ 0.8	JEPQ
XYLD	+ 0.67	RYLD
RYLD	+ 0.66	QYLD

High negative correlations

XYLD	- 0.43	SCHD
SCHD	- 0.42	QYLD
SCHD	- 0.23	JEPQ

JPMorgan Equity Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Equity 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 Equity'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
JEPQ	0.60	0.10	0.05	0.39	0.71	(0.65)	1.22	(1.48)	4.04
QYLD	0.38	0.08	0.03	0.42	0.49	(0.44)	1.06	(0.71)	3.73
SCHD	0.61	(0.03)	(0.10)	(0.01)	0.76	(0.66)	1.29	(1.06)	4.94
RYLD	0.42	0.08	0.03	0.38	0.59	(0.47)	1.09	(0.60)	5.39
XYLD	0.28	0.11	0.14	0.58	0.00	(0.32)	1.05	(0.61)	2.70

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