Jpmorgan Smartretirement Correlations

JFFIX Fund

USD 29.07 0.16 0.55%

The current 90-days correlation between Jpmorgan Smartretirement and Small Cap Stock is 0.12 (i.e., Average diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement 2055 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2055 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 Smartretirement 2055. 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

0.98	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.9	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.8	OSGCX	Jpmorgan Small Cap	Pair Corr
0.83	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.9	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.69	JPDAX	Jpmorgan Preferred And	Pair Corr
0.75	JPDIX	Jpmorgan Preferred And	Pair Corr
0.71	JPDRX	Jpmorgan Preferred And	Pair Corr
0.92	JPDVX	Jpmorgan Diversified	Pair Corr
0.87	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.71	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.7	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.85	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.81	OSVCX	Jpmorgan Small Cap	Pair Corr
0.69	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.71	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.83	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.95	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.93	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.96	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.9	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.96	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.96	JPYRX	Jpmorgan Smartretirement	Pair Corr

Moving against Jpmorgan Mutual Fund

0.46	OBBCX	Jpmorgan Mortgage	Pair Corr
0.44	OBDCX	Jpmorgan E Plus	Pair Corr
0.33	OSTCX	Jpmorgan Short Duration	Pair Corr
0.48	OBOCX	Jpmorgan E Bond	Pair Corr
0.46	PGBOX	Jpmorgan E Bond	Pair Corr

Related Correlations Analysis

	USCAX	SIGWX	DTICX	XWDIX	XHNWX	JDJRX	TBDQX
USCAX		0.99	-0.19	-0.48	0.25	-0.08	0.87	USCAX
SIGWX	0.99		-0.23	-0.55	0.22	-0.13	0.89	SIGWX
DTICX	-0.19	-0.23		0.75	0.68	0.58	-0.28	DTICX
XWDIX	-0.48	-0.55	0.75		0.46	0.5	-0.59	XWDIX
XHNWX	0.25	0.22	0.68	0.46		0.33	0.1	XHNWX
JDJRX	-0.08	-0.13	0.58	0.5	0.33		-0.07	JDJRX
TBDQX	0.87	0.89	-0.28	-0.59	0.1	-0.07		TBDQX
	USCAX	SIGWX	DTICX	XWDIX	XHNWX	JDJRX	TBDQX

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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

SIGWX	+ 0.99	USCAX
TBDQX	+ 0.89	SIGWX
TBDQX	+ 0.87	USCAX
XWDIX	+ 0.75	DTICX
XHNWX	+ 0.68	DTICX
JDJRX	+ 0.58	DTICX

High negative correlations

TBDQX	- 0.59	XWDIX
XWDIX	- 0.55	SIGWX
XWDIX	- 0.48	USCAX
TBDQX	- 0.28	DTICX
DTICX	- 0.23	SIGWX
DTICX	- 0.19	USCAX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Smartretirement 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 Smartretirement'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
USCAX	0.87	0.13	0.05	0.63	0.72	(1.00)	2.07	(1.49)	7.45
SIGWX	0.68	0.14	0.06	0.70	0.59	(0.81)	1.53	(1.10)	7.02
DTICX	0.06	(0.01)	(0.74)	(0.36)	0.07	(0.14)	0.13	(0.13)	0.51
XWDIX	0.17	0.00	0.00	0.00	0.00	0.00	0.32	(0.38)	1.39
XHNWX	0.14	0.00	(0.31)	0.12	0.22	(0.16)	0.23	(0.46)	1.38
JDJRX	0.44	0.04	(0.12)	(0.56)	0.49	(0.47)	1.00	(0.88)	2.54
TBDQX	0.70	0.11	0.07	0.25	0.70	(0.70)	1.67	(1.47)	5.04

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