JPMorgan Chase Correlations

JPM Stock

32.56 0.52 1.62%

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

Weak diversification

The correlation between JPMorgan Chase Co and DJI is 0.38 (i.e., Weak 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.

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 Stock

0.74	FFH	Fairfax Financial	Pair Corr
0.69	FFH-PM	Fairfax Financial	Pair Corr
0.84	FFH-PD	Fairfax Financial	Pair Corr
0.91	GS	GOLDMAN SACHS CDR	Pair Corr

Related Correlations Analysis

	BRN-PA	CGI	BCHT	DWS	FINV-P	VZ	CNJ-P	XTRA
BRN-PA		0.34	0.17	-0.2	0.0	-0.24	0.0	0.36	BRN-PA
CGI	0.34		0.01	-0.05	0.0	0.06	0.0	0.83	CGI
BCHT	0.17	0.01		-0.03	0.0	-0.06	0.0	0.07	BCHT
DWS	-0.2	-0.05	-0.03		0.0	0.71	0.0	-0.12	DWS
FINV-P	0.0	0.0	0.0	0.0		0.0	1.0	0.0	FINV-P
VZ	-0.24	0.06	-0.06	0.71	0.0		0.0	-0.03	VZ
CNJ-P	0.0	0.0	0.0	0.0	1.0	0.0		0.0	CNJ-P
XTRA	0.36	0.83	0.07	-0.12	0.0	-0.03	0.0		XTRA
	BRN-PA	CGI	BCHT	DWS	FINV-P	VZ	CNJ-P	XTRA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CNJ-P	+ 1.0	FINV-P
XTRA	+ 0.83	CGI
VZ	+ 0.71	DWS
XTRA	+ 0.36	BRN-PA
CGI	+ 0.34	BRN-PA
BCHT	+ 0.17	BRN-PA

High negative correlations

VZ	- 0.24	BRN-PA
DWS	- 0.2	BRN-PA
XTRA	- 0.12	DWS
VZ	- 0.06	BCHT
DWS	- 0.05	CGI
XTRA	- 0.03	VZ

Risk-Adjusted Indicators

There is a big difference between JPMorgan 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
BRN-PA	0.34	0.01	(0.09)	(0.82)	0.53	(0.47)	0.80	(1.23)	2.92
CGI	0.93	0.03	(0.04)	0.41	1.19	(0.95)	1.76	(2.12)	6.64
BCHT	2.90	(0.25)	0.00	(0.55)	0.00	0.00	5.68	(12.00)	14.04
DWS	3.09	(0.33)	0.00	(0.50)	0.00	0.00	6.67	(6.45)	24.51
FINV-P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VZ	0.91	0.09	(0.01)	(0.39)	1.32	(1.02)	2.17	(2.18)	8.55
CNJ-P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XTRA	2.24	0.18	0.02	(0.48)	2.39	(3.11)	5.17	(4.55)	14.69

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.

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JPMorgan Chase Corporate Management

Elected by the shareholders, the JPMorgan Chase's board of directors comprises two types of representatives: JPMorgan Chase inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JPMorgan. The board's role is to monitor JPMorgan Chase's management team and ensure that shareholders' interests are well served. JPMorgan Chase's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, JPMorgan Chase's outside directors are responsible for providing unbiased perspectives on the board's policies.

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