Jpmorgan Strategic Correlations

JSORX Fund

USD 11.48 0.01 0.09%

The current 90-days correlation between Jpmorgan Strategic Income and Artisan Small Cap is -0.06 (i.e., Good diversification). The correlation of Jpmorgan Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Jpmorgan Strategic Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Strategic Income 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 Strategic 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

0.73	OSGCX	Jpmorgan Small Cap	Pair Corr
0.89	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.67	JPDAX	Jpmorgan Preferred And	Pair Corr
0.7	JPDIX	Jpmorgan Preferred And	Pair Corr
0.7	JPDRX	Jpmorgan Preferred And	Pair Corr
0.88	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.98	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.97	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.88	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.68	OSVCX	Jpmorgan Small Cap	Pair Corr
0.99	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.98	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.89	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.65	JPTBX	Jpmorgan Smartretirement*	Pair Corr

Moving against Jpmorgan Mutual Fund

0.81	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.79	OBDCX	Jpmorgan E Plus	Pair Corr
0.42	JPICX	Jpmorgan California Tax	Pair Corr
0.38	OSTAX	Jpmorgan Short-intermedia	Pair Corr
0.81	OBOCX	Jpmorgan E Bond	Pair Corr
0.79	PGBOX	Jpmorgan E Bond	Pair Corr
0.67	JPVZX	Jpmorgan International	Pair Corr
0.66	JPVRX	Jpmorgan International	Pair Corr
0.51	STMCX	Jpmorgan Short-intermedia	Pair Corr

Related Correlations Analysis

	ARTSX	TRBCX	MMDEX	TEGAX	PGRTX	RGAEX	CIPMX
ARTSX		0.92	0.91	0.89	0.97	0.93	0.91	ARTSX
TRBCX	0.92		0.99	0.96	0.94	0.99	0.91	TRBCX
MMDEX	0.91	0.99		0.93	0.93	0.99	0.89	MMDEX
TEGAX	0.89	0.96	0.93		0.94	0.96	0.96	TEGAX
PGRTX	0.97	0.94	0.93	0.94		0.95	0.96	PGRTX
RGAEX	0.93	0.99	0.99	0.96	0.95		0.92	RGAEX
CIPMX	0.91	0.91	0.89	0.96	0.96	0.92		CIPMX
	ARTSX	TRBCX	MMDEX	TEGAX	PGRTX	RGAEX	CIPMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Strategic 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 Strategic'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
ARTSX	0.95	0.01	0.03	0.13	1.16	(0.94)	1.98	(1.99)	5.87
TRBCX	0.73	0.00	(0.01)	0.13	0.98	(0.68)	1.66	(2.18)	4.86
MMDEX	0.73	(0.01)	(0.02)	0.11	1.01	(0.70)	1.66	(2.08)	5.19
TEGAX	0.82	0.12	0.15	0.22	0.62	(0.96)	1.98	(1.17)	4.78
PGRTX	0.90	(0.01)	0.03	0.11	1.03	(0.99)	1.96	(1.84)	6.75
RGAEX	0.67	0.02	0.01	0.14	0.85	(0.69)	1.34	(1.66)	4.39
CIPMX	0.66	0.01	0.00	0.14	0.72	(0.70)	1.22	(1.23)	4.05

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