Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHQPX Fund  USD 33.63  0.03  0.09%   
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

Weak diversification

The correlation between Jpmorgan Hedged Equity and DJI is 0.3 (i.e., Weak 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 american community survey.

Moving together with Jpmorgan Mutual Fund

  0.85JPBRX Jpmorgan SmartretirementPairCorr
  0.65OSTAX Jpmorgan Short InterPairCorr
  0.86JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.82JRBEX Jpmorgan Smartretirement*PairCorr
  0.86JACSX Jpmorgan SmartretirementPairCorr
  0.8JSSRX Jpmorgan Smartretirement*PairCorr
  0.81JSYRX Jpmorgan SmartretirementPairCorr
  0.81JBSSX Jpmorgan Smartretirement*PairCorr
  0.8JBTUX Jpmorgan SmartretirementPairCorr
  0.82JBYSX Jpmorgan Smartretirement*PairCorr
  0.74JTSQX Jp Morgan SmartretirementPairCorr
  0.78JTTUX Jpmorgan SmartretirementPairCorr
  0.87JTYBX Jpmorgan SmartretirementPairCorr
  0.74JEMDX Jpmorgan Emerging MarketsPairCorr
  0.77JFFSX Jpmorgan SmartretirementPairCorr
  0.79JGSMX Jpmorgan Small CapPairCorr
  0.75JGVVX Jpmorgan Growth Advantage Potential GrowthPairCorr
  0.79JYHRX Jpmorgan High YieldPairCorr
  1.0JHQAX Jpmorgan Hedged EquityPairCorr
  1.0JHQCX Jpmorgan Hedged EquityPairCorr
  1.0JHQRX Jpmorgan Hedged EquityPairCorr

Related Correlations Analysis

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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   
JHQCX
+ 1.0
JHQRX
JHQAX
+ 1.0
JHQRX
JHQAX
+ 1.0
JHQCX
JDCRX
+ 0.93
JFRNX
JFRNX
+ 0.14
JHQCX
JHQAX
+ 0.11
JFRNX
  
High negative correlations   
JDCRX
- 0.01
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.

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