Jpmorgan Hedged Correlations

JHQCX Fund

USD 33.04 0.08 0.24%

The current 90-days correlation between Jpmorgan Hedged Equity and Jpmorgan Hedged Equity is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan Hedged 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 Hedged Correlation With Market

Significant diversification

The correlation between Jpmorgan Hedged Equity 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 Hedged Equity 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 Hedged Equity. 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

0.86	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.99	GTENX	Gateway Fund Class	Pair Corr
0.99	GTECX	Gateway Fund Class	Pair Corr
0.91	GTEYX	Gateway Fund Class	Pair Corr
0.99	GATEX	Gateway Fund Class	Pair Corr
0.92	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.92	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.99	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.65	PFN	Pimco Income Strategy	Pair Corr
0.75	XNKGX	Nuveen Georgia Quality	Pair Corr
0.74	XPPRX	Voya Prime Rate	Pair Corr
0.72	PCF	Putnam High Income	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.87	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.73	WMT	Walmart Aggressive Push	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Jpmorgan Mutual Fund

0.64	XNXJX	Nuveen New Jersey	Pair Corr
0.58	XNBHX	Neuberger Berman Int	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.75	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.51	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	JHQRX	JHQAX	JHQPX	LGMAX	JFRNX
JHQRX		0.93	0.0	0.71	0.92	JHQRX
JHQAX	0.93		0.0	0.73	0.98	JHQAX
JHQPX	0.0	0.0		0.0	0.0	JHQPX
LGMAX	0.71	0.73	0.0		0.76	LGMAX
JFRNX	0.92	0.98	0.0	0.76		JFRNX
	JHQRX	JHQAX	JHQPX	LGMAX	JFRNX

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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

JFRNX	+ 0.98	JHQAX
JHQAX	+ 0.93	JHQRX
JFRNX	+ 0.92	JHQRX
JFRNX	+ 0.76	LGMAX
LGMAX	+ 0.73	JHQAX
LGMAX	+ 0.71	JHQRX

High negative correlations

JFRNX	- 0.0	JHQPX
LGMAX	- 0.0	JHQPX
JHQPX	- 0.0	JHQAX
JHQPX	- 0.0	JHQRX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Hedged 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 Hedged'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
JHQRX	0.35	0.07	(0.05)	7.34	0.43	(0.36)	0.90	(0.92)	2.56
JHQAX	0.35	0.01	(0.06)	0.12	0.43	(0.36)	0.91	(0.90)	2.57
JHQPX	0.35	0.07	(0.05)	5.90	0.44	(0.36)	0.90	(0.89)	2.55
LGMAX	0.46	(0.04)	(0.13)	0.03	0.55	(0.49)	1.01	(1.08)	2.65
JFRNX	0.67	0.01	(0.01)	0.11	0.93	(0.65)	1.40	(1.76)	4.63

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