JPMorgan Chase Correlations
| JPM-PL Preferred Stock | USD 20.66 0.09 0.44% |
The current 90-days correlation between JPMorgan Chase and JPMorgan Chase Co is 0.94 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Chase moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Chase Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
JPMorgan Chase Correlation With Market
Modest diversification
The correlation between JPMorgan Chase Co and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Chase Co and DJI in the same portfolio, assuming nothing else is changed.
JPMorgan |
The ability to find closely correlated positions to JPMorgan Chase could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Chase when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Chase - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Chase Co to buy it.
Moving together with JPMorgan Preferred Stock
| 0.79 | BML-PJ | Bank of America | PairCorr |
| 0.75 | BML-PL | Bank of America | PairCorr |
| 0.72 | EWBC | East West Bancorp | PairCorr |
| 0.95 | JPM-PK | JPMorgan Chase | PairCorr |
| 0.98 | JPM-PJ | JPMorgan Chase | PairCorr |
| 0.98 | JPM-PM | JPMorgan Chase | PairCorr |
| 0.76 | BAC-PE | Bank of America | PairCorr |
| 0.87 | BAC-PM | Bank of America | PairCorr |
| 0.83 | BAC-PN | Bank of America | PairCorr |
| 0.69 | BAC-PL | Bank of America | PairCorr |
| 0.83 | BAC-PQ | Bank of America | PairCorr |
| 0.84 | BAC-PO | Bank of America | PairCorr |
| 0.82 | BAC-PP | Bank of America | PairCorr |
| 0.92 | BAC-PS | Bank of America | PairCorr |
Moving against JPMorgan Preferred Stock
Related Correlations Analysis
| 0.95 | 0.88 | 0.75 | 0.85 | JPM-PK | ||
| 0.95 | 0.89 | 0.63 | 0.82 | JPM-PM | ||
| 0.88 | 0.89 | 0.68 | 0.89 | WFC-PD | ||
| 0.75 | 0.63 | 0.68 | 0.85 | WFC-PZ | ||
| 0.85 | 0.82 | 0.89 | 0.85 | BAC-PQ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between JPMorgan Preferred Stock performing well and JPMorgan Chase Company 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 Chase'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JPM-PK | 0.68 | (0.04) | 0.00 | (0.13) | 0.00 | 1.38 | 5.08 | |||
| JPM-PM | 0.77 | (0.07) | 0.00 | (0.19) | 0.00 | 1.62 | 5.18 | |||
| WFC-PD | 0.70 | (0.09) | 0.00 | (0.18) | 0.00 | 1.45 | 6.25 | |||
| WFC-PZ | 0.63 | (0.04) | 0.00 | (0.09) | 0.00 | 1.36 | 4.32 | |||
| BAC-PQ | 0.66 | (0.06) | 0.00 | (0.18) | 0.00 | 1.34 | 4.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JPMorgan Chase without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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JPMorgan Chase Corporate Management
| Jennifer Piepszak | CoChief Banking | Profile | |
| Elena Korablina | Co MD | Profile | |
| Jeremy Barnum | Chief Officer | Profile | |
| Reginald JD | CFO Banking | Profile | |
| Stacey Friedman | Exec Counsel | Profile | |
| James Dimon | Chairman CEO | Profile | |
| Mary Erdoes | Chief Management | Profile |