Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JIORX Fund  USD 21.15  0.01  0.05%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.93 (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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.81SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.81SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.82SRJZX Jpmorgan SmartretirementPairCorr
  0.68SRJCX Jpmorgan SmartretirementPairCorr
  0.81SRJAX Jpmorgan SmartretirementPairCorr
  0.84JPBRX Jpmorgan Smartretirement*PairCorr
  0.63JPDAX Jpmorgan Preferred AndPairCorr
  0.61JPDRX Jpmorgan Preferred AndPairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.85JPRRX Jpmorgan SmartretirementPairCorr
  0.71JPTBX Jpmorgan Smartretirement*PairCorr
  0.84JPTKX Jpmorgan Smartretirement*PairCorr
  0.85JPTLX Jpmorgan SmartretirementPairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.83JPYRX Jpmorgan SmartretirementPairCorr
  0.65EMREX Jpmorgan Trust IvPairCorr
  0.65EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.39 (0.04)(0.18) 0.04  0.49 
(0.41)
 0.86 
(0.80)
 2.35 
SRJQX  0.39 (0.04)(0.18) 0.04  0.48 
(0.41)
 0.90 
(0.80)
 2.40 
SRJPX  0.39 (0.04)(0.19) 0.04  0.49 
(0.41)
 0.87 
(0.81)
 2.39 
SRJSX  0.39 (0.04)(0.19) 0.04  0.48 
(0.41)
 0.86 
(0.80)
 2.35 
SRJYX  0.40 (0.04)(0.18) 0.04  0.49 
(0.42)
 0.86 
(0.80)
 2.39 
SRJZX  0.39 (0.04)(0.19) 0.04  0.48 
(0.41)
 0.87 
(0.77)
 2.44 
SRJCX  0.40  0.03 (0.17) 6.45  0.48 
(0.44)
 0.88 
(0.82)
 2.48 
SRJAX  0.39 (0.04)(0.19) 0.04  0.48 
(0.42)
 0.86 
(0.81)
 2.38 
OSGCX  0.91  0.13  0.02  0.81  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
OSGIX  0.75  0.07  0.08  0.18  0.77 
(0.81)
 1.58 
(1.74)
 5.03 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY