Jpmorgan Floating Correlations

Mutual Funds USA . 
Fund . Jpmorgan Floating Rate
JPHSX Fund  USD 8.57  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and Jpmorgan Smartretirement 2035 is 0.27 (i.e., Modest diversification). The correlation of Jpmorgan Floating 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 Floating Correlation With Market

Modest diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Floating Rate 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 Floating Rate. 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

  0.76OSGCX Jpmorgan Small CapPairCorr
  0.91OSGIX Jpmorgan Mid CapPairCorr
  0.66JPDAX Jpmorgan Preferred AndPairCorr
  0.69JPDIX Jpmorgan Preferred AndPairCorr
  0.69JPDRX Jpmorgan Preferred AndPairCorr
  0.9JPGSX Jpmorgan Intrepid GrowthPairCorr
  1.0JPHAX Jpmorgan Floating RatePairCorr
  0.99JPHCX Jpmorgan Floating RatePairCorr
  0.71OSVCX Jpmorgan Small CapPairCorr
  0.99JPHRX Jpmorgan Floating RatePairCorr
  0.92JPPEX Jpmorgan Mid CapPairCorr
  0.67JPTBX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.81OBBCX Jpmorgan Mortgage-backedPairCorr
  0.79OBDCX Jpmorgan E PlusPairCorr
  0.42JPICX Jpmorgan California TaxPairCorr
  0.39OSTAX Jpmorgan Short-intermediaPairCorr
  0.81OBOCX Jpmorgan E BondPairCorr
  0.8PGBOX Jpmorgan E BondPairCorr
  0.68JPVZX Jpmorgan InternationalPairCorr
  0.66JPVRX Jpmorgan InternationalPairCorr
  0.51STMCX Jpmorgan Short-intermediaPairCorr

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 Floating 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 Floating'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  0.40 (0.03)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.51 
SRJQX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.42 
SRJPX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.87 
(0.81)
 2.51 
SRJSX  0.40 (0.04)(0.18) 0.05  0.47 
(0.43)
 0.86 
(0.80)
 2.47 
SRJYX  0.40 (0.04)(0.17) 0.06  0.48 
(0.43)
 0.86 
(0.80)
 2.51 
SRJZX  0.40 (0.04)(0.18) 0.05  0.47 
(0.42)
 0.87 
(0.77)
 2.46 
SRJCX  0.40 (0.04)(0.18) 0.05  0.48 
(0.44)
 0.88 
(0.82)
 2.48 
SRJAX  0.40 (0.04)(0.17) 0.05  0.47 
(0.44)
 0.87 
(0.81)
 2.44 
OSGCX  0.91 (0.02) 0.02  0.10  1.05 
(0.99)
 2.01 
(1.81)
 6.63 
OSGIX  0.76  0.08  0.09  0.19  0.77 
(0.83)
 1.58 
(1.74)
 5.03 

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