Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JOBEX Fund  USD 32.64  0.01  0.03%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement 2035 is 0.99 (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

Poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.77 (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 income.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  1.0SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.88SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.63OSGCX Jpmorgan Small CapPairCorr
  0.74OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan Smartretirement*PairCorr
  0.76JPDAX Jpmorgan Preferred AndPairCorr
  0.76JPDIX Jpmorgan Preferred AndPairCorr
  0.76JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.84JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61JPHAX Jpmorgan Floating RatePairCorr
  0.8JPIVX Jpmorgan Intrepid ValuePairCorr
  0.7OSVCX Jpmorgan Small CapPairCorr
  0.63JPHRX Jpmorgan Floating RatePairCorr
  0.76JPPEX Jpmorgan Mid CapPairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan SmartretirementPairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.66EMREX Jpmorgan Trust IvPairCorr
  0.66EMRSX Jpmorgan Emerging MarketsPairCorr

Moving against Jpmorgan Mutual Fund

  0.39OBBCX Jpmorgan Mortgage-backedPairCorr
  0.36OBDCX Jpmorgan E PlusPairCorr
  0.4OBOCX Jpmorgan E BondPairCorr
  0.38PGBOX Jpmorgan E BondPairCorr

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 
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 
OSGCX  0.91  0.13  0.02  0.81  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
JPBRX  0.40 (0.04)(0.17) 0.04  0.49 
(0.44)
 0.77 
(1.03)
 2.31 
JPDAX  0.11  0.02 (0.57) 0.64  0.00 
(0.18)
 0.31 
(0.21)
 0.62 
JPDIX  0.11  0.02 (0.62) 0.64  0.00 
(0.19)
 0.31 
(0.21)
 0.73 
JPDRX  0.12  0.02 (0.60) 0.49  0.00 
(0.17)
 0.31 
(0.21)
 0.73 

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