Jpmorgan Small Correlations

JGSMX Fund

USD 24.34 0.10 0.41%

The current 90-days correlation between Jpmorgan Small Cap and Blackrock Inflation Protected is 0.08 (i.e., Significant diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Very poor diversification

The correlation between Jpmorgan Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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 population.

Moving together with Jpmorgan Mutual Fund

0.7	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.7	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.7	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.71	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.68	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.69	SRJAX	Jpmorgan Smartretirement	Pair Corr
1.0	OSGCX	Jpmorgan Small Cap	Pair Corr
0.96	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.68	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.63	JPDVX	Jpmorgan Diversified	Pair Corr
0.88	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.79	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.8	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.93	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.98	OSVCX	Jpmorgan Small Cap	Pair Corr
0.81	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.8	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.96	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.67	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.76	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.68	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.67	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.68	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.69	JPYRX	Jpmorgan Smartretirement*	Pair Corr

Moving against Jpmorgan Mutual Fund

0.66	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.66	OBDCX	Jpmorgan E Plus	Pair Corr
0.44	OSTAX	Jpmorgan Short-intermedia	Pair Corr
0.44	OSTCX	Jpmorgan Short Duration	Pair Corr
0.36	JPICX	Jpmorgan California Tax	Pair Corr
0.33	OSTSX	Jpmorgan Short-intermedia	Pair Corr
0.67	OBOCX	Jpmorgan E Bond	Pair Corr
0.67	PGBOX	Jpmorgan E Bond	Pair Corr
0.56	JPVZX	Jpmorgan International	Pair Corr
0.55	JPVRX	Jpmorgan International	Pair Corr
0.49	STMCX	Jpmorgan Short-intermedia	Pair Corr

Related Correlations Analysis

	BPRIX	QMHIX	QCILIX	FIFGX	WAFAX	FIBLX	GPMFX
BPRIX		0.05	0.98	-0.02	0.99	0.98	0.77	BPRIX
QMHIX	0.05		0.21	0.07	0.06	0.15	0.4	QMHIX
QCILIX	0.98	0.21		0.01	0.97	0.99	0.8	QCILIX
FIFGX	-0.02	0.07	0.01		-0.11	0.02	-0.37	FIFGX
WAFAX	0.99	0.06	0.97	-0.11		0.98	0.82	WAFAX
FIBLX	0.98	0.15	0.99	0.02	0.98		0.78	FIBLX
GPMFX	0.77	0.4	0.8	-0.37	0.82	0.78		GPMFX
	BPRIX	QMHIX	QCILIX	FIFGX	WAFAX	FIBLX	GPMFX

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

WAFAX	+ 0.99	BPRIX
FIBLX	+ 0.99	QCILIX
QCILIX	+ 0.98	BPRIX
FIBLX	+ 0.98	BPRIX
FIBLX	+ 0.98	WAFAX
WAFAX	+ 0.97	QCILIX

High negative correlations

GPMFX	- 0.37	FIFGX
WAFAX	- 0.11	FIFGX
FIFGX	- 0.02	BPRIX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Small 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 Small'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
BPRIX	0.21	(0.02)	0.00	(1.67)	0.00	0.00	0.40	(0.51)	1.11
QMHIX	0.60	(0.04)	(0.12)	0.05	0.80	(0.58)	1.21	(1.11)	3.83
QCILIX	0.15	(0.01)	(0.65)	(0.94)	0.20	(0.15)	0.27	(0.32)	0.87
FIFGX	0.90	0.01	(0.10)	0.01	1.18	(0.91)	1.72	(1.98)	4.96
WAFAX	0.24	(0.02)	0.00	(1.06)	0.00	0.00	0.42	(0.53)	1.26
FIBLX	0.21	(0.01)	0.00	(1.13)	0.00	0.00	0.32	(0.43)	1.26
GPMFX	0.42	(0.09)	0.00	(0.11)	0.00	0.00	0.75	(0.89)	2.31

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