Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JMYAX Fund  USD 34.06  0.15  0.44%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement Blend is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is -0.04 (i.e., Good 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJQX Jpmorgan SmartretirementPairCorr
  0.88SRJPX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.88SRJYX Jpmorgan SmartretirementPairCorr
  0.87SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.87SRJAX Jpmorgan SmartretirementPairCorr
  0.71OSGCX Jpmorgan Small CapPairCorr
  0.73OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan Smartretirement*PairCorr
  0.76JPDAX Jpmorgan Preferred AndPairCorr
  0.77JPDIX Jpmorgan Preferred AndPairCorr
  0.77JPDRX Jpmorgan Preferred AndPairCorr
  0.82JPDVX Jpmorgan DiversifiedPairCorr
  0.82JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.68JPHAX Jpmorgan Floating RatePairCorr
  0.67JPHCX Jpmorgan Floating RatePairCorr
  0.8JPIVX Jpmorgan Intrepid ValuePairCorr
  0.66OSVCX Jpmorgan Small CapPairCorr
  0.66JPHSX Jpmorgan Floating RatePairCorr
  0.68JPHRX Jpmorgan Floating RatePairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr
  0.98JPRRX Jpmorgan SmartretirementPairCorr
  0.9JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan SmartretirementPairCorr
  0.86JPSRX Jpmorgan Smartretirement*PairCorr
  0.99JPYRX Jpmorgan SmartretirementPairCorr
  0.69EMREX Jpmorgan Trust IvPairCorr
  0.7EMRSX Jpmorgan Emerging MarketsPairCorr

Moving against Jpmorgan Mutual Fund

  0.49OBBCX Jpmorgan Mortgage-backedPairCorr
  0.4OBDCX Jpmorgan E PlusPairCorr
  0.49OBOCX Jpmorgan E BondPairCorr
  0.47PGBOX Jpmorgan E BondPairCorr

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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