Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JIYBX Fund  USD 19.05  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 0.64 (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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

  0.84SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.85SRJPX Jpmorgan SmartretirementPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.84SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.72SRJCX Jpmorgan SmartretirementPairCorr
  0.85SRJAX Jpmorgan SmartretirementPairCorr
  0.87JPBRX Jpmorgan Smartretirement*PairCorr
  0.68JPDAX Jpmorgan Preferred AndPairCorr
  0.65JPDIX Jpmorgan Preferred AndPairCorr
  0.66JPDRX Jpmorgan Preferred AndPairCorr
  0.91JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.76JPTBX Jpmorgan Smartretirement*PairCorr
  0.87JPTKX Jpmorgan Smartretirement*PairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.88JPSRX Jpmorgan Smartretirement*PairCorr
  0.87JPYRX Jpmorgan SmartretirementPairCorr
  0.65EMREX Jpmorgan Trust IvPairCorr
  0.66EMRSX 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 

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