Jpmorgan International Correlations
| JSEAX Fund | USD 18.93 0.04 0.21% |
The current 90-days correlation between Jpmorgan International and Jpmorgan Emerging Markets is 0.86 (i.e., Very poor diversification). The correlation of Jpmorgan International 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 International Correlation With Market
Very weak diversification
The correlation between Jpmorgan International Equity and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan International Equity and DJI in the same portfolio, assuming nothing else is changed.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
| 0.73 | OBBCX | Jpmorgan Mortgage-backed | PairCorr |
| 0.76 | OBDCX | Jpmorgan E Plus | PairCorr |
| 0.89 | JPVRX | Jpmorgan International | PairCorr |
| 0.97 | JPVZX | Jpmorgan International | PairCorr |
| 0.73 | OBOCX | Jpmorgan E Bond | PairCorr |
Moving against Jpmorgan Mutual Fund
| 0.72 | JPHAX | Jpmorgan Floating Rate | PairCorr |
| 0.64 | OSGIX | Jpmorgan Mid Cap | PairCorr |
| 0.57 | OSGCX | Jpmorgan Small Cap | PairCorr |
| 0.51 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |
| 0.75 | JPHSX | Jpmorgan Floating Rate | PairCorr |
| 0.74 | JPHCX | Jpmorgan Floating Rate | PairCorr |
| 0.74 | JPHRX | Jpmorgan Floating Rate | PairCorr |
| 0.64 | JPPEX | Jpmorgan Mid Cap | PairCorr |
| 0.55 | JPIVX | Jpmorgan Intrepid Value | PairCorr |
| 0.48 | OSVCX | Jpmorgan Small Cap | PairCorr |
| 0.55 | PGSGX | Jpmorgan Small Cap | PairCorr |
Related Correlations Analysis
| -0.09 | 0.21 | 0.25 | 0.51 | JFAMX | ||
| -0.09 | -0.66 | -0.76 | -0.46 | PGBOX | ||
| 0.21 | -0.66 | 0.93 | 0.75 | VSEAX | ||
| 0.25 | -0.76 | 0.93 | 0.79 | JCMAX | ||
| 0.51 | -0.46 | 0.75 | 0.79 | OHYAX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JFAMX | 0.70 | (0.07) | (0.13) | (0.01) | 0.92 | 1.29 | 4.59 | |||
| PGBOX | 0.22 | (0.02) | 0.00 | 0.38 | 0.00 | 0.48 | 1.27 | |||
| VSEAX | 0.72 | 0.10 | (0.01) | 2.14 | 0.72 | 1.61 | 6.47 | |||
| JCMAX | 0.60 | 0.04 | 0.06 | 0.16 | 0.47 | 1.42 | 4.39 | |||
| OHYAX | 0.11 | 0.03 | (0.50) | 10.00 | 0.00 | 0.31 | 0.62 |