Jpmorgan Strategic Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Strategic Income
JSORX Fund  USD 11.45  0.01  0.09%   
The current 90-days correlation between Jpmorgan Strategic Income and Morningstar Global Income is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between Jpmorgan Strategic Income and DJI is 0.86 (i.e., Very poor 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 inflation.

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
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.89OSGCX Jpmorgan Small CapPairCorr
  0.82OSGIX Jpmorgan Mid CapPairCorr
  0.92JPBRX Jpmorgan Smartretirement*PairCorr
  0.95JPDAX Jpmorgan Preferred AndPairCorr
  0.94JPDCX Jpmorgan Preferred AndPairCorr
  0.65JPDIX Jpmorgan Preferred AndPairCorr
  0.94JPDRX Jpmorgan Preferred AndPairCorr
  0.9JPDVX Jpmorgan DiversifiedPairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.95OSTCX Jpmorgan Short DurationPairCorr
  0.93OSVCX Jpmorgan Small CapPairCorr
  0.98OSTSX Jpmorgan Short InterPairCorr
  0.91JPICX Jpmorgan California TaxPairCorr
  0.78OBDCX Jpmorgan E PlusPairCorr
  0.88JPPEX Jpmorgan Mid CapPairCorr
  0.91JPRRX Jpmorgan SmartretirementPairCorr
  0.92JPTBX Jpmorgan Smartretirement*PairCorr
  0.92JPTKX Jpmorgan Smartretirement*PairCorr
  0.92JPTLX Jpmorgan Smartretirement*PairCorr
  0.92JPSRX Jpmorgan Smartretirement*PairCorr
  0.98JPVRX Jpmorgan InternationalPairCorr
  0.98JPVZX Jpmorgan InternationalPairCorr
  0.92JPYRX Jpmorgan Smartretirement*PairCorr
  0.88EMREX Jpmorgan Trust IvPairCorr
  0.89EMRSX Jpmorgan Emerging MarketsPairCorr
  0.67PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis


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.

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