Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JIJSX Fund  USD 18.93  0.04  0.21%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement Blend is 0.94 (i.e., Almost no diversification). The correlation of Jpmorgan Smartretirement* 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 Smartretirement* Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.84SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.84SRJPX Jpmorgan SmartretirementPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.71SRJCX Jpmorgan SmartretirementPairCorr
  0.84SRJAX Jpmorgan SmartretirementPairCorr
  0.87JPBRX Jpmorgan Smartretirement*PairCorr
  0.63JPDAX Jpmorgan Preferred AndPairCorr
  0.61JPDIX Jpmorgan Preferred AndPairCorr
  0.66JPDRX Jpmorgan Preferred AndPairCorr
  0.9JPDVX Jpmorgan DiversifiedPairCorr
  0.64OSTCX Jpmorgan Short DurationPairCorr
  0.61OSTSX Jpmorgan Short-intermediaPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.76JPTBX Jpmorgan Smartretirement*PairCorr
  0.87JPTKX Jpmorgan Smartretirement*PairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.87JPSRX Jpmorgan Smartretirement*PairCorr
  0.73JPYRX Jpmorgan SmartretirementPairCorr
  0.68EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Smartretirement* 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 Smartretirement*'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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