Jpmorgan Equity Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Premium
JEPIX Fund  USD 15.01  0.08  0.54%   
The current 90-days correlation between Jpmorgan Equity Premium and Chartwell Small Cap is 0.66 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jpmorgan Equity Correlation With Market

Very poor diversification

The correlation between Jpmorgan Equity Premium and DJI is 0.83 (i.e., Very poor 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.8SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.78SRJZX Jpmorgan SmartretirementPairCorr
  0.77SRJCX Jpmorgan SmartretirementPairCorr
  0.79SRJAX Jpmorgan SmartretirementPairCorr
  0.76OSGCX Jpmorgan Small CapPairCorr
  0.88OSGIX Jpmorgan Mid CapPairCorr
  0.78JPBRX 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
  0.9JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.75OSVCX Jpmorgan Small CapPairCorr
  0.9JPHSX Jpmorgan Floating RatePairCorr
  0.9JPHRX Jpmorgan Floating RatePairCorr
  0.91JPPEX Jpmorgan Mid CapPairCorr
  0.76JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan Smartretirement*PairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.77JPTLX Jpmorgan SmartretirementPairCorr
  0.78JPSRX Jpmorgan Smartretirement*PairCorr
  0.78JPYRX 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
  0.41JPVRX Jpmorgan InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Equity 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 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.

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