Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Income
JSIQX Fund  USD 16.27  0.07  0.43%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.95 (i.e., Almost no 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

Poor diversification

The correlation between Jpmorgan Smartretirement Incom and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Incom 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 Income. 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.85SRJIX Jpmorgan SmartretirementPairCorr
  0.85SRJQX Jpmorgan SmartretirementPairCorr
  0.86SRJPX Jpmorgan SmartretirementPairCorr
  0.85SRJSX Jpmorgan SmartretirementPairCorr
  0.85SRJYX Jpmorgan SmartretirementPairCorr
  0.86SRJZX Jpmorgan SmartretirementPairCorr
  0.74SRJCX Jpmorgan SmartretirementPairCorr
  0.86SRJAX Jpmorgan SmartretirementPairCorr
  0.88JPBRX Jpmorgan Smartretirement*PairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.76JPRRX Jpmorgan SmartretirementPairCorr
  0.77JPTBX Jpmorgan SmartretirementPairCorr
  0.88JPTKX Jpmorgan SmartretirementPairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.87JPYRX Jpmorgan SmartretirementPairCorr
  0.94OCGCX Jpmorgan InvestorPairCorr
  0.71TXRIX Jpmorgan Tax AwarePairCorr
  0.73TXRAX Jpmorgan Tax AwarePairCorr
  0.95JRBYX Jpmorgan Smartretirement*PairCorr
  0.95JRBBX Jpmorgan Smartretirement*PairCorr
  0.95JRBEX Jpmorgan Smartretirement*PairCorr

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  0.39 (0.03)(0.16) 0.08  0.44 
(0.41)
 0.86 
(0.80)
 2.35 
SRJQX  0.39 (0.03)(0.16) 0.07  0.44 
(0.41)
 0.90 
(0.80)
 2.40 
SRJPX  0.39 (0.03)(0.16) 0.07  0.48 
(0.40)
 0.87 
(0.81)
 2.39 
SRJSX  0.39 (0.03)(0.17) 0.07  0.45 
(0.40)
 0.86 
(0.80)
 2.35 
SRJYX  0.39 (0.03)(0.16) 0.08  0.45 
(0.42)
 0.86 
(0.80)
 2.39 
SRJZX  0.38 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.87 
(0.77)
 2.44 
SRJCX  0.39  0.02 (0.19) 4.12  0.48 
(0.42)
 0.88 
(0.82)
 2.42 
SRJAX  0.39 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.86 
(0.81)
 2.38 
OSGCX  0.90  0.11  0.01  0.76  1.05 
(0.97)
 1.96 
(1.81)
 6.63 
OSGIX  0.73  0.08  0.09  0.20  0.74 
(0.80)
 1.58 
(1.74)
 5.03 

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