Jpmorgan Preferred Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Preferred And
JPDIX Fund  USD 9.59  0.01  0.10%   
The current 90-days correlation between Jpmorgan Preferred And and Jpmorgan Smartretirement 2035 is 0.16 (i.e., Average diversification). The correlation of Jpmorgan Preferred 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 Preferred Correlation With Market

Significant diversification

The correlation between Jpmorgan Preferred And and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Preferred And 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 Preferred And. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.61JPBRX Jpmorgan Smartretirement*PairCorr
  0.87JPDAX Jpmorgan Preferred AndPairCorr
  0.98JPDCX Jpmorgan Preferred AndPairCorr
  0.87JPDRX Jpmorgan Preferred AndPairCorr
  0.61JPDVX Jpmorgan DiversifiedPairCorr
  0.69OSTAX Jpmorgan Short-intermediaPairCorr
  0.66OSTSX Jpmorgan Short-intermediaPairCorr
  0.7JPICX Jpmorgan California TaxPairCorr
  0.61JPTKX Jpmorgan Smartretirement*PairCorr
  0.61JPTLX Jpmorgan Smartretirement*PairCorr
  0.61JPSRX Jpmorgan Smartretirement*PairCorr
  0.61JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Preferred 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 Preferred'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  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.12 
SRJQX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.08)
 3.17 
SRJPX  0.43 (0.06) 0.00 (0.20) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.11 
SRJYX  0.44 (0.05) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.08)
 3.11 
SRJZX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.84 
(1.10)
 3.06 
SRJCX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.80 
(1.10)
 3.14 
SRJAX  0.43 (0.06) 0.00 (0.35) 0.00 
 0.00 
 0.79 
(1.09)
 3.15 
OSGCX  0.91  0.06  0.04  0.17  1.19 
(0.96)
 1.79 
(1.68)
 8.94 
OSGIX  1.01 (0.04) 0.00 (0.06) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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