Jpmorgan Government Correlations

JGBZX Fund

USD 9.43 0.01 0.11%

The current 90-days correlation between Jpmorgan Government Bond and World Precious Minerals is -0.19 (i.e., Good diversification). The correlation of Jpmorgan Government 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 Government Correlation With Market

Significant diversification

The correlation between Jpmorgan Government Bond and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Government Bond 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 Government Bond. 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 nation.

Moving together with Jpmorgan Mutual Fund

0.81	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.85	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.67	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.64	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.68	JPDAX	Jpmorgan Preferred And	Pair Corr
0.73	JPDCX	Jpmorgan Preferred And	Pair Corr
0.66	JPDIX	Jpmorgan Preferred And	Pair Corr
0.64	JPDRX	Jpmorgan Preferred And	Pair Corr
0.87	JPDVX	Jpmorgan Diversified	Pair Corr
0.73	JPGSX	Jpmorgan Intrepid Growth Potential Growth	Pair Corr
0.67	OSTAX	Jpmorgan Short Inter	Pair Corr
0.62	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.66	OSVCX	Jpmorgan Small Cap	Pair Corr
0.89	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.8	JPICX	Jpmorgan California Tax	Pair Corr
0.91	OBDCX	Jpmorgan E Plus	Pair Corr
0.64	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.66	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.65	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.65	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.91	OBOCX	Jpmorgan E Bond	Pair Corr
0.64	JPYRX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	UNWPX	VGSBX	IOGYX	FGDIX	FRGOX	SGDIX	SPPIX
UNWPX		0.04	0.83	0.87	0.91	0.8	-0.85	UNWPX
VGSBX	0.04		0.46	0.35	0.33	0.48	-0.37	VGSBX
IOGYX	0.83	0.46		0.98	0.97	0.93	-0.98	IOGYX
FGDIX	0.87	0.35	0.98		0.99	0.91	-0.99	FGDIX
FRGOX	0.91	0.33	0.97	0.99		0.94	-0.97	FRGOX
SGDIX	0.8	0.48	0.93	0.91	0.94		-0.9	SGDIX
SPPIX	-0.85	-0.37	-0.98	-0.99	-0.97	-0.9		SPPIX
	UNWPX	VGSBX	IOGYX	FGDIX	FRGOX	SGDIX	SPPIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FRGOX	+ 0.99	FGDIX
FGDIX	+ 0.98	IOGYX
FRGOX	+ 0.97	IOGYX
SGDIX	+ 0.94	FRGOX
SGDIX	+ 0.93	IOGYX
FRGOX	+ 0.91	UNWPX

High negative correlations

SPPIX	- 0.99	FGDIX
SPPIX	- 0.98	IOGYX
SPPIX	- 0.97	FRGOX
SPPIX	- 0.9	SGDIX
SPPIX	- 0.85	UNWPX
SPPIX	- 0.37	VGSBX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Government 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 Government'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
UNWPX	1.26	(0.09)	0.00	(0.46)	0.00	0.00	2.67	(2.50)	6.71
VGSBX	0.24	(0.02)	0.00	4.59	0.00	0.00	0.43	(0.54)	1.83
IOGYX	1.32	(0.13)	0.00	(0.26)	0.00	0.00	2.61	(2.81)	8.99
FGDIX	1.36	(0.09)	0.00	(0.16)	0.00	0.00	2.69	(2.96)	8.02
FRGOX	1.32	(0.14)	0.00	(0.35)	0.00	0.00	2.59	(2.73)	8.02
SGDIX	1.31	(0.15)	0.00	(0.98)	0.00	0.00	2.35	(2.70)	7.56
SPPIX	1.47	0.11	(0.01)	(0.24)	1.95	(1.48)	3.21	(3.35)	10.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC