Jpmorgan Intrepid Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Intrepid Growth
JPGSX Fund  USD 90.83  0.15  0.17%   
The current 90-days correlation between Jpmorgan Intrepid Growth and Jpmorgan Value Advantage is 0.5 (i.e., Very weak diversification). The correlation of Jpmorgan Intrepid 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 Intrepid Correlation With Market

Poor diversification

The correlation between Jpmorgan Intrepid Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Intrepid Growth 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 Intrepid Growth. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.82SRJIX Jpmorgan SmartretirementPairCorr
  0.82SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.82SRJYX Jpmorgan SmartretirementPairCorr
  0.8SRJZX Jpmorgan SmartretirementPairCorr
  0.79SRJCX Jpmorgan SmartretirementPairCorr
  0.81SRJAX Jpmorgan SmartretirementPairCorr
  0.86OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.79JPBRX Jpmorgan Smartretirement*PairCorr
  0.67JPDAX Jpmorgan Preferred AndPairCorr
  0.69JPDIX Jpmorgan Preferred AndPairCorr
  0.7JPDRX Jpmorgan Preferred AndPairCorr
  0.71JPDVX Jpmorgan DiversifiedPairCorr
  0.9JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.82OSVCX Jpmorgan Small CapPairCorr
  0.9JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.95JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.88JPTBX Jpmorgan Smartretirement*PairCorr
  0.79JPTKX Jpmorgan Smartretirement*PairCorr
  0.78JPTLX Jpmorgan SmartretirementPairCorr
  0.79JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.77OBBCX Jpmorgan Mortgage-backedPairCorr
  0.74OBDCX Jpmorgan E PlusPairCorr
  0.41JPICX Jpmorgan California TaxPairCorr
  0.35OSTAX Jpmorgan Short-intermediaPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.76PGBOX Jpmorgan E BondPairCorr
  0.48STMCX Jpmorgan Short-intermediaPairCorr
  0.45JPVZX Jpmorgan InternationalPairCorr
  0.43JPVRX Jpmorgan InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Intrepid 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 Intrepid'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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