Jpmorgan Strategic Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Strategic Income
JSORX Fund  USD 11.44  0.01  0.09%   
The current 90-days correlation between Jpmorgan Strategic Income and Ab Bond Inflation is 0.24 (i.e., Modest 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 0.84 (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 real.

Moving together with Jpmorgan Mutual Fund

  0.92SRJIX Jpmorgan SmartretirementPairCorr
  0.92SRJQX Jpmorgan SmartretirementPairCorr
  0.92SRJPX Jpmorgan SmartretirementPairCorr
  0.92SRJSX Jpmorgan SmartretirementPairCorr
  0.92SRJYX Jpmorgan SmartretirementPairCorr
  0.92SRJZX Jpmorgan SmartretirementPairCorr
  0.92SRJCX Jpmorgan SmartretirementPairCorr
  0.92SRJAX Jpmorgan SmartretirementPairCorr
  0.78OSGCX Jpmorgan Small CapPairCorr
  0.93JPBRX Jpmorgan Smartretirement*PairCorr
  0.95JPDAX Jpmorgan Preferred AndPairCorr
  0.95JPDCX Jpmorgan Preferred AndPairCorr
  0.95JPDIX Jpmorgan Preferred AndPairCorr
  0.95JPDRX Jpmorgan Preferred AndPairCorr
  0.81JPDVX Jpmorgan DiversifiedPairCorr
  0.97OSTAX Jpmorgan Short InterPairCorr
  0.96OSTCX Jpmorgan Short DurationPairCorr
  0.88OSVCX Jpmorgan Small CapPairCorr
  0.98OSTSX Jpmorgan Short InterPairCorr
  0.92JPICX Jpmorgan California TaxPairCorr
  0.78OBDCX Jpmorgan E PlusPairCorr
  0.89JPPEX Jpmorgan Mid CapPairCorr
  0.93JPRRX Jpmorgan SmartretirementPairCorr
  0.93JPTBX Jpmorgan Smartretirement*PairCorr
  0.93JPTKX Jpmorgan Smartretirement*PairCorr
  0.93JPTLX Jpmorgan Smartretirement*PairCorr
  0.93JPSRX Jpmorgan Smartretirement*PairCorr
  0.96JPVRX Jpmorgan InternationalPairCorr
  0.96JPVZX Jpmorgan InternationalPairCorr
  0.67OBOCX Jpmorgan E BondPairCorr
  0.93JPYRX Jpmorgan Smartretirement*PairCorr
  0.94EMREX Jpmorgan Trust IvPairCorr
  0.94EMRSX Jpmorgan Emerging MarketsPairCorr
  0.71PGBOX Jpmorgan E BondPairCorr

Moving against Jpmorgan Mutual Fund

  0.53JPGSX Jpmorgan Intrepid GrowthPairCorr

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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