Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2045
JSASX Fund  USD 22.21  0.13  0.59%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.21 (i.e., Modest diversification). 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

Modest diversification

The correlation between Jpmorgan Smartretirement 2045 and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2045 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 2045. 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

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.94SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.94SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  0.79OSGIX Jpmorgan Mid CapPairCorr
  0.8JPBRX Jpmorgan Smartretirement*PairCorr
  0.61JPDCX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.82JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.65OSTAX Jpmorgan Short-intermediaPairCorr
  0.81JPIVX Jpmorgan Intrepid ValuePairCorr
  0.84OSVCX Jpmorgan Small CapPairCorr
  0.8OBBCX Jpmorgan Mortgage-backedPairCorr
  0.71JPICX Jpmorgan California TaxPairCorr
  0.82OBDCX Jpmorgan E PlusPairCorr
  0.8JPPEX Jpmorgan Mid CapPairCorr
  0.82JPRRX Jpmorgan SmartretirementPairCorr
  0.78JPTBX Jpmorgan Smartretirement*PairCorr
  0.8JPTKX Jpmorgan Smartretirement*PairCorr
  0.81JPTLX Jpmorgan Smartretirement*PairCorr
  0.8JPSRX Jpmorgan Smartretirement*PairCorr
  0.82OBOCX Jpmorgan E BondPairCorr
  0.8JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.31JPHRX Jpmorgan Floating RatePairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.12 
SRJQX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.79 
(1.08)
 3.17 
SRJPX  0.43 (0.06) 0.00 (0.20) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.06) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.03)
 3.11 
SRJYX  0.44 (0.05) 0.00 (0.19) 0.00 
 0.00 
 0.83 
(1.08)
 3.11 
SRJZX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.84 
(1.10)
 3.06 
SRJCX  0.43 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.80 
(1.10)
 3.14 
SRJAX  0.43 (0.06) 0.00 (0.35) 0.00 
 0.00 
 0.79 
(1.09)
 3.15 
OSGCX  0.91  0.06  0.04  0.17  1.19 
(0.96)
 1.79 
(1.68)
 8.94 
OSGIX  1.01 (0.04) 0.00 (0.06) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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