JPMorgan Nasdaq Correlations

Etfs . USA . 
Etf . JPMorgan Nasdaq Equity
JEPQ Etf  USD 56.57  0.10  0.18%   
The current 90-days correlation between JPMorgan Nasdaq Equity and JPMorgan Equity Premium is 0.73 (i.e., Poor diversification). The correlation of JPMorgan Nasdaq 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 Nasdaq Correlation With Market

Poor diversification

The correlation between JPMorgan Nasdaq Equity and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Nasdaq 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 Nasdaq Equity. 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

  0.94JEPI JPMorgan Equity PremiumPairCorr
  0.98XYLD Global X SPPairCorr
  0.92DIVO Amplify CWP EnhancedPairCorr
  0.94RYLD Global X RussellPairCorr
  0.98NUSI NEOS ETF TrustPairCorr
  0.83SIXH ETC 6 MeridianPairCorr
  0.97BUYW Main Buywrite ETFPairCorr
  0.93DSJA DSJAPairCorr
  0.89RSPY Tuttle Capital ManagementPairCorr
  0.89MEME Roundhill InvestmentsPairCorr
  0.79ITDD iShares TrustPairCorr
  0.85BTC Grayscale Bitcoin MiniPairCorr
  0.91INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.86BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.78HD Home DepotPairCorr
  0.78T ATT Inc Aggressive PushPairCorr
  0.81DIS Walt DisneyPairCorr
  0.96CSCO Cisco Systems Aggressive PushPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.84HPQ HP IncPairCorr
  0.8TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against JPMorgan Etf

  0.88MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.82JNJ Johnson Johnson Sell-off TrendPairCorr
  0.76BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.65PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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JPMorgan Nasdaq Constituents Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Nasdaq 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 Nasdaq'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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