Jp Morgan Correlations

Mutual Funds . USA . 
Fund . Jp Morgan Core
JPBEX Fund  USD 12.97  0.01  0.08%   
The current 90-days correlation between Jp Morgan Core and Vanguard Total Bond is -0.09 (i.e., Good diversification). The correlation of Jp Morgan 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.

Jp Morgan Correlation With Market

Very weak diversification

The correlation between Jp Morgan Core and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jp Morgan Core 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 Jp Morgan Core. 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 discontinued.

Moving together with JPBEX Mutual Fund

  0.74VTIAX Vanguard Total InterPairCorr
  0.89VBTLX Vanguard Total BondPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.61REMIX Standpoint Multi AssetPairCorr
  0.78NHMFX Nuveen High YieldPairCorr
  0.91PAGEX T Rowe PricePairCorr
  0.8NMAAX Nuveen MassachusettsPairCorr
  0.8PMOTX Putnam Mortgage OpportPairCorr
  0.83TEAFX Tax Exempt BondPairCorr
  0.73FPTPX American Funds ConsePairCorr
  0.66TLVIX Thrivent Large CapPairCorr
  0.62IPFIX Victory IncorePairCorr
  0.89POSAX Global Real EstatePairCorr
  0.64QGRIX Oppenheimer GlobalPairCorr
  0.91PGRKX Global Real EstatePairCorr
  0.65VEITX Vela InternationalPairCorr
  0.67SOAEX Spirit Of AmericaPairCorr
  0.79TSDFX Tiaa Cref ShortPairCorr
  0.86SOAAX Spirit Of AmericaPairCorr
  0.61GMXAX Nationwide Mid CapPairCorr
  0.61TIOTX Tiaa Cref InternationalPairCorr
  0.67NBREX Neuberger Berman MidPairCorr
  0.69VSPVX Vanguard Sp 500PairCorr
  0.66DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between JPBEX Mutual Fund performing well and Jp Morgan 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 Jp Morgan'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
VTSAX  0.56  0.04 (0.05)(0.53) 0.72 
(0.59)
 1.11 
(1.28)
 3.73 
VFIAX  0.54 (0.02)(0.04) 0.05  0.70 
(0.55)
 0.99 
(1.22)
 3.61 
VTSMX  0.56 (0.01)(0.03) 0.05  0.70 
(0.60)
 1.11 
(1.28)
 3.74 
VSTSX  0.56  0.04 (0.05)(0.54) 0.72 
(0.59)
 1.11 
(1.28)
 3.74 
VITSX  0.56 (0.01)(0.03) 0.06  0.70 
(0.60)
 1.11 
(1.28)
 3.73 
VSMPX  0.56 (0.01)(0.03) 0.06  0.70 
(0.60)
 1.11 
(1.28)
 3.73 
VTIAX  0.59  0.14  0.15  0.28  0.48 
(0.65)
 1.47 
(1.18)
 4.10 
VFINX  0.54 (0.02)(0.04) 0.05  0.72 
(0.54)
 1.06 
(1.22)
 3.61 
VFFSX  0.54  0.03 (0.06)(0.34) 0.72 
(0.54)
 0.99 
(1.23)
 3.61 
VBTLX  0.14  0.01 (0.27) 0.16  0.00 
(0.18)
 0.31 
(0.31)
 0.62 

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