Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Growth
JGIRX Fund  USD 85.33  1.01  1.20%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Mfs Institutional International is 0.42 (i.e., Very weak 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 Growth and DJI is 0.47 (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 Growth 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 Growth. 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.78SRJIX Jpmorgan SmartretirementPairCorr
  0.91SRJQX Jpmorgan SmartretirementPairCorr
  0.91SRJPX Jpmorgan SmartretirementPairCorr
  0.91SRJSX Jpmorgan SmartretirementPairCorr
  0.91SRJYX Jpmorgan SmartretirementPairCorr
  0.9SRJZX Jpmorgan SmartretirementPairCorr
  0.9SRJCX Jpmorgan SmartretirementPairCorr
  0.91SRJAX Jpmorgan SmartretirementPairCorr
  0.74OSGCX Jpmorgan Small CapPairCorr
  0.93OSGIX Jpmorgan Mid CapPairCorr
  0.87JPBRX Jpmorgan SmartretirementPairCorr
  0.62JPDCX Jpmorgan Preferred AndPairCorr
  0.78JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.68OSTAX Jpmorgan Short-intermediaPairCorr
  0.8JPIVX Jpmorgan Intrepid ValuePairCorr
  0.87OSVCX Jpmorgan Small CapPairCorr
  0.77OBBCX Jpmorgan MortgagePairCorr
  0.73JPICX Jpmorgan California TaxPairCorr
  0.78OBDCX Jpmorgan E PlusPairCorr
  0.9JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.87JPTBX Jpmorgan SmartretirementPairCorr
  0.88JPTKX Jpmorgan SmartretirementPairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.88JPSRX Jpmorgan SmartretirementPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.87JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

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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.

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