Jpmorgan Smartretirement* Correlations

JIYBX Fund

USD 18.52 0.12 0.64%

The current 90-days correlation between Jpmorgan Smartretirement* and Nuveen Small Cap is 0.63 (i.e., Poor 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

Weak diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.39 (i.e., Weak 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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

0.89	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.89	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.89	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.87	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.98	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.88	JPDIX	Jpmorgan Preferred And	Pair Corr
0.9	JPDVX	Jpmorgan Diversified	Pair Corr
0.91	OSTAX	Jpmorgan Short-intermedia	Pair Corr
0.71	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.85	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.7	JPICX	Jpmorgan California Tax	Pair Corr
0.87	OBDCX	Jpmorgan E Plus	Pair Corr
0.98	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.98	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.98	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.98	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.82	JPVRX	Jpmorgan International	Pair Corr
0.83	JPVZX	Jpmorgan International	Pair Corr
0.98	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.87	EMREX	Jpmorgan Trust Iv	Pair Corr
0.87	EMRSX	Jpmorgan Emerging Markets	Pair Corr
0.85	PGBOX	Jpmorgan E Bond	Pair Corr
0.84	OCGCX	Jpmorgan Investor	Pair Corr
0.89	TXRRX	Jpmorgan Tax Aware	Pair Corr
0.88	TXRCX	Jpmorgan Tax Aware	Pair Corr
0.89	TXRAX	Jpmorgan Tax Aware	Pair Corr
0.92	JRBYX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	FRMPX	TVOYX	ESCIX	FCSGX	QUAIX	ARTSX
FRMPX		0.7	-0.11	0.58	0.62	0.63	FRMPX
TVOYX	0.7		0.07	0.86	0.83	0.91	TVOYX
ESCIX	-0.11	0.07		0.04	-0.11	-0.08	ESCIX
FCSGX	0.58	0.86	0.04		0.95	0.86	FCSGX
QUAIX	0.62	0.83	-0.11	0.95		0.88	QUAIX
ARTSX	0.63	0.91	-0.08	0.86	0.88		ARTSX
	FRMPX	TVOYX	ESCIX	FCSGX	QUAIX	ARTSX

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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

QUAIX	+ 0.95	FCSGX
ARTSX	+ 0.91	TVOYX
ARTSX	+ 0.88	QUAIX
FCSGX	+ 0.86	TVOYX
ARTSX	+ 0.86	FCSGX
QUAIX	+ 0.83	TVOYX

High negative correlations

QUAIX	- 0.11	ESCIX
ESCIX	- 0.11	FRMPX
ARTSX	- 0.08	ESCIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRMPX	0.95	(0.11)	0.00	(0.15)	0.00	0.00	1.64	(1.93)	6.07
TVOYX	0.70	(0.11)	0.00	(0.17)	0.00	0.00	1.20	(1.59)	4.23
ESCIX	0.68	0.03	0.05	0.14	0.96	(0.70)	1.22	(1.88)	4.06
FCSGX	0.90	(0.17)	0.00	(0.25)	0.00	0.00	1.45	(1.80)	5.02
QUAIX	1.10	(0.19)	0.00	(0.22)	0.00	0.00	1.55	(2.21)	6.18
ARTSX	1.05	(0.20)	0.00	(0.27)	0.00	0.00	1.54	(2.76)	6.80

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