Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JRBYX Fund  USD 26.98  0.07  0.26%   
The current 90-days correlation between Jpmorgan Smartretirement* and Vanguard Target Retirement is 0.99 (i.e., No risk reduction). The correlation of Jpmorgan Smartretirement* 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 Smartretirement* Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  0.97SRJZX Jpmorgan SmartretirementPairCorr
  0.84SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.98JPBRX Jpmorgan Smartretirement*PairCorr
  0.73JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDIX Jpmorgan Preferred AndPairCorr
  0.76JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.65JPIVX Jpmorgan Intrepid ValuePairCorr
  0.61JPPEX Jpmorgan Mid CapPairCorr
  0.99JPRRX Jpmorgan SmartretirementPairCorr
  0.93JPTBX Jpmorgan Smartretirement*PairCorr
  0.98JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan SmartretirementPairCorr
  0.98JPSRX Jpmorgan Smartretirement*PairCorr
  0.85JPYRX Jpmorgan SmartretirementPairCorr
  0.73EMREX Jpmorgan Trust IvPairCorr
  0.67EMRSX Jpmorgan Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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