Jpmorgan Strategic Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Strategic Income
JSOZX Fund  USD 11.49  0.01  0.09%   
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

Good diversification

The correlation between Jpmorgan Strategic Income and DJI is -0.08 (i.e., Good 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.8JPHAX Jpmorgan Floating RatePairCorr
  0.78JPHCX Jpmorgan Floating RatePairCorr
  0.81JPHSX Jpmorgan Floating RatePairCorr
  0.81JPHRX Jpmorgan Floating RatePairCorr

Moving against Jpmorgan Mutual Fund

  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.72SRJCX Jpmorgan SmartretirementPairCorr
  0.71SRJPX Jpmorgan SmartretirementPairCorr
  0.71SRJAX Jpmorgan SmartretirementPairCorr
  0.7SRJQX Jpmorgan SmartretirementPairCorr
  0.7SRJSX Jpmorgan SmartretirementPairCorr
  0.7SRJYX Jpmorgan SmartretirementPairCorr
  0.56OSGIX Jpmorgan Mid CapPairCorr
  0.54SRJIX Jpmorgan SmartretirementPairCorr
  0.51JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.47JPDVX Jpmorgan DiversifiedPairCorr
  0.82JPIVX Jpmorgan Intrepid ValuePairCorr
  0.76OSVCX Jpmorgan Small CapPairCorr
  0.56JPPEX Jpmorgan Mid CapPairCorr
  0.55OBDCX Jpmorgan E PlusPairCorr
  0.53OBBCX Jpmorgan MortgagePairCorr
  0.5JPVZX Jpmorgan InternationalPairCorr
  0.47JPVRX Jpmorgan InternationalPairCorr
  0.79EMREX Jpmorgan Trust IvPairCorr
  0.79EMRSX Jpmorgan Emerging MarketsPairCorr
  0.74OCGCX Jpmorgan InvestorPairCorr
  0.65OBOCX Jpmorgan E BondPairCorr
  0.6PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis

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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   
VOLJX
+ 0.9
LMUSX
IAADX
+ 0.85
FFCGX
FFCGX
+ 0.79
LMUSX
FFCGX
+ 0.7
VOLJX
VOLJX
+ 0.6
CCCCX
IAADX
+ 0.58
LMUSX
  
High negative correlations   
CCCCX
- 0.25
FWNHTX
IAADX
- 0.19
CCCCX

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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