Jpmorgan Intrepid Correlations

Mutual Funds USA . 
Fund . Jpmorgan Intrepid European
JFESX Fund  USD 32.57  0.32  0.99%   
The current 90-days correlation between Jpmorgan Intrepid and Jpmorgan Smartretirement 2035 is 0.76 (i.e., Poor diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Very weak diversification

The correlation between Jpmorgan Intrepid European 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 Intrepid European 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 Intrepid European. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.63OSTCX Jpmorgan Short DurationPairCorr
  0.71OBBCX Jpmorgan MortgagePairCorr
  0.73OBDCX Jpmorgan E PlusPairCorr
  0.95JPVRX Jpmorgan InternationalPairCorr
  0.95JPVZX Jpmorgan InternationalPairCorr
  0.73OBOCX Jpmorgan E BondPairCorr

Moving against Jpmorgan Mutual Fund

  0.74OSGIX Jpmorgan Mid CapPairCorr
  0.73JPHAX Jpmorgan Floating RatePairCorr
  0.66OSGCX Jpmorgan Small CapPairCorr
  0.57JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.76JPHSX Jpmorgan Floating RatePairCorr
  0.74JPHCX Jpmorgan Floating RatePairCorr
  0.74JPHRX Jpmorgan Floating RatePairCorr
  0.7JPPEX Jpmorgan Mid CapPairCorr
  0.65JPIVX Jpmorgan Intrepid ValuePairCorr
  0.61OSVCX Jpmorgan Small CapPairCorr
  0.66PGSGX Jpmorgan Small CapPairCorr

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 Intrepid 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 Intrepid'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  0.39 (0.03)(0.16) 0.08  0.44 
(0.41)
 0.86 
(0.80)
 2.35 
SRJQX  0.39 (0.03)(0.16) 0.07  0.44 
(0.41)
 0.90 
(0.80)
 2.40 
SRJPX  0.39 (0.03)(0.16) 0.07  0.48 
(0.40)
 0.87 
(0.81)
 2.39 
SRJSX  0.39 (0.03)(0.17) 0.07  0.45 
(0.40)
 0.86 
(0.80)
 2.35 
SRJYX  0.39 (0.03)(0.16) 0.08  0.45 
(0.42)
 0.86 
(0.80)
 2.39 
SRJZX  0.38 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.87 
(0.77)
 2.44 
SRJCX  0.39 (0.03)(0.17) 0.07  0.47 
(0.43)
 0.88 
(0.82)
 2.42 
SRJAX  0.39 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.86 
(0.81)
 2.38 
OSGCX  0.88 (0.02) 0.02  0.11  1.05 
(0.95)
 1.96 
(1.81)
 6.63 
OSGIX  0.73  0.08  0.09  0.20  0.74 
(0.80)
 1.58 
(1.74)
 5.03 

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