Jpmorgan Growth Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Growth Advantage
JGACX Fund  USD 29.83  0.28  0.95%   
The current 90-days correlation between Jpmorgan Growth Advantage and Jpmorgan Smartretirement 2035 is 0.64 (i.e., Poor diversification). The correlation of Jpmorgan Growth 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 Growth Correlation With Market

Modest diversification

The correlation between Jpmorgan Growth Advantage and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Growth Advantage 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 Growth Advantage. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.88SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.89SRJYX Jpmorgan SmartretirementPairCorr
  0.88SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  0.82SRJAX Jpmorgan SmartretirementPairCorr
  0.72OSGCX Jpmorgan Small CapPairCorr
  0.97OSGIX Jpmorgan Mid CapPairCorr
  0.81JPBRX Jpmorgan Smartretirement*PairCorr
  0.81JPDVX Jpmorgan DiversifiedPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61OSTAX Jpmorgan Short-intermediaPairCorr
  0.85JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.64OBBCX Jpmorgan Mortgage-backedPairCorr
  0.65JPICX Jpmorgan California TaxPairCorr
  0.65OBDCX Jpmorgan E PlusPairCorr
  0.95JPPEX Jpmorgan Mid CapPairCorr
  0.82JPRRX Jpmorgan SmartretirementPairCorr
  0.81JPTBX Jpmorgan Smartretirement*PairCorr
  0.81JPTKX Jpmorgan Smartretirement*PairCorr
  0.82JPTLX Jpmorgan Smartretirement*PairCorr
  0.81JPSRX Jpmorgan Smartretirement*PairCorr
  0.81JPYRX Jpmorgan SmartretirementPairCorr

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 Growth 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 Growth'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  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.12 
SRJQX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.08)
 3.17 
SRJPX  0.43 (0.06) 0.00 (0.20) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.11 
SRJYX  0.44 (0.05) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.08)
 3.11 
SRJZX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.84 
(1.10)
 3.06 
SRJCX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.80 
(1.10)
 3.14 
SRJAX  0.43 (0.06) 0.00 (0.35) 0.00 
 0.00 
 0.79 
(1.09)
 3.15 
OSGCX  0.91  0.06  0.04  0.17  1.19 
(0.96)
 1.79 
(1.68)
 8.94 
OSGIX  1.01 (0.04) 0.00 (0.06) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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