Jpmorgan Mid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Mid Cap
JMVRX Fund  USD 43.97  0.39  0.89%   
The current 90-days correlation between Jpmorgan Mid Cap and Jpmorgan Smartretirement 2035 is 0.71 (i.e., Poor diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid Cap. 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

  0.76SRJIX Jpmorgan SmartretirementPairCorr
  0.76SRJQX Jpmorgan SmartretirementPairCorr
  0.75SRJPX Jpmorgan SmartretirementPairCorr
  0.76SRJSX Jpmorgan SmartretirementPairCorr
  0.76SRJYX Jpmorgan SmartretirementPairCorr
  0.74SRJZX Jpmorgan SmartretirementPairCorr
  0.73SRJCX Jpmorgan SmartretirementPairCorr
  0.75SRJAX Jpmorgan SmartretirementPairCorr
  0.91OSGCX Jpmorgan Small CapPairCorr
  0.97OSGIX Jpmorgan Mid CapPairCorr
  0.73JPBRX Jpmorgan Smartretirement*PairCorr
  0.62JPDAX Jpmorgan Preferred AndPairCorr
  0.65JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.66JPDVX Jpmorgan DiversifiedPairCorr
  0.94JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.9JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.99JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.9JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.99JPPEX Jpmorgan Mid CapPairCorr
  0.71JPRRX Jpmorgan SmartretirementPairCorr
  0.82JPTBX Jpmorgan Smartretirement*PairCorr
  0.73JPTKX Jpmorgan Smartretirement*PairCorr
  0.72JPTLX Jpmorgan SmartretirementPairCorr
  0.73JPSRX Jpmorgan Smartretirement*PairCorr
  0.74JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.74OBBCX Jpmorgan Mortgage-backedPairCorr
  0.72OBDCX Jpmorgan E PlusPairCorr
  0.37JPICX Jpmorgan California TaxPairCorr
  0.32OSTAX Jpmorgan Short-intermediaPairCorr
  0.75OBOCX Jpmorgan E BondPairCorr
  0.74PGBOX Jpmorgan E BondPairCorr
  0.49JPVZX Jpmorgan InternationalPairCorr
  0.47JPVRX Jpmorgan InternationalPairCorr
  0.44STMCX Jpmorgan Short-intermediaPairCorr

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 Mid 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 Mid'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  0.40 (0.03)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.51 
SRJQX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.42 
SRJPX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.87 
(0.81)
 2.51 
SRJSX  0.40 (0.04)(0.18) 0.05  0.47 
(0.43)
 0.86 
(0.80)
 2.47 
SRJYX  0.40 (0.04)(0.17) 0.06  0.48 
(0.43)
 0.86 
(0.80)
 2.51 
SRJZX  0.40 (0.04)(0.18) 0.05  0.47 
(0.42)
 0.87 
(0.77)
 2.46 
SRJCX  0.40 (0.04)(0.18) 0.05  0.48 
(0.44)
 0.88 
(0.82)
 2.48 
SRJAX  0.40 (0.04)(0.17) 0.05  0.47 
(0.44)
 0.87 
(0.81)
 2.44 
OSGCX  0.91 (0.02) 0.02  0.10  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
OSGIX  0.76  0.08  0.09  0.19  0.77 
(0.83)
 1.58 
(1.74)
 5.03 

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