Jpmorgan Emerging Correlations

JFAMX Fund

USD 29.95 0.21 0.70%

The current 90-days correlation between Jpmorgan Emerging Markets and Vanguard Emerging Markets is 0.93 (i.e., Almost no 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 population.

Moving together with Jpmorgan Mutual Fund

0.68	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.68	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.68	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.68	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.68	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.64	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.67	JPDAX	Jpmorgan Preferred And	Pair Corr
0.66	JPDIX	Jpmorgan Preferred And	Pair Corr
0.66	JPDRX	Jpmorgan Preferred And	Pair Corr
0.64	JPDVX	Jpmorgan Diversified	Pair Corr
0.65	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.65	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.64	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.69	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.64	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.64	JPYRX	Jpmorgan Smartretirement*	Pair Corr
0.99	EMREX	Jpmorgan Trust Iv	Pair Corr
0.94	EMRSX	Jpmorgan Emerging Markets	Pair Corr

Related Correlations Analysis

	VEMAX	VEIEX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
VEMAX		1.0	-0.42	0.0	-0.5	0.89	0.55	0.37	0.2	-0.31	VEMAX
VEIEX	1.0		-0.42	0.0	-0.5	0.89	0.55	0.37	0.2	-0.31	VEIEX
444859BR2	-0.42	-0.42		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.5	-0.5	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	BRRAY
MSTSX	0.89	0.89	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	MSTSX
LBHIX	0.55	0.55	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	LBHIX
ABHYX	0.37	0.37	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	ABHYX
SCAXF	0.2	0.2	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	SCAXF
VIASP	-0.31	-0.31	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		VIASP
	VEMAX	VEIEX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP

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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

VEIEX	+ 1.0	VEMAX
MSTSX	+ 0.89	VEMAX
MSTSX	+ 0.89	VEIEX
LBHIX	+ 0.67	MSTSX
LBHIX	+ 0.55	VEMAX
LBHIX	+ 0.55	VEIEX

High negative correlations

VIASP	- 0.8	SCAXF
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
BRRAY	- 0.5	VEIEX
BRRAY	- 0.5	VEMAX
MSTSX	- 0.45	BRRAY

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VEMAX	0.71	(0.03)	(0.12)	0.04	0.85	(0.78)	1.57	(1.68)	4.60
VEIEX	0.71	(0.03)	(0.12)	0.04	0.85	(0.78)	1.55	(1.68)	4.60
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18

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