Jpmorgan Smartretirement Correlations

JSYRX Fund

USD 20.58 0.01 0.05%

The current 90-days correlation between Jpmorgan Smartretirement and Aqr Diversified Arbitrage is 0.01 (i.e., Significant 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

Very weak diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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

0.83	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.81	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.82	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.74	OSGCX	Jpmorgan Small Cap	Pair Corr
0.73	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.99	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.75	JPDAX	Jpmorgan Preferred And	Pair Corr
0.76	JPDCX	Jpmorgan Preferred And	Pair Corr
0.75	JPDIX	Jpmorgan Preferred And	Pair Corr
0.75	JPDRX	Jpmorgan Preferred And	Pair Corr
0.89	JPDVX	Jpmorgan Diversified	Pair Corr
0.83	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.8	OSTAX	Jpmorgan Short Inter	Pair Corr
0.76	OSTSX	Jpmorgan Short Inter	Pair Corr
0.83	OBBCX	Jpmorgan Mortgage	Pair Corr
0.74	JPICX	Jpmorgan California Tax	Pair Corr
0.83	OBDCX	Jpmorgan E Plus	Pair Corr
0.74	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.99	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.98	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.99	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.99	JPTLX	Jpmorgan Smartretirement*	Pair Corr
0.99	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.62	JPVRX	Jpmorgan International	Pair Corr
0.62	JPVZX	Jpmorgan International	Pair Corr
0.76	OBOCX	Jpmorgan E Bond	Pair Corr
0.99	JPYRX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	QDARX	DLTZX	GABSX	SWSSX	DSCPX	XACVX	MBLAX
QDARX		-0.19	-0.2	-0.49	-0.6	-0.62	-0.29	QDARX
DLTZX	-0.19		-0.19	0.22	0.2	0.53	0.12	DLTZX
GABSX	-0.2	-0.19		0.74	0.75	0.54	0.89	GABSX
SWSSX	-0.49	0.22	0.74		0.97	0.87	0.85	SWSSX
DSCPX	-0.6	0.2	0.75	0.97		0.87	0.85	DSCPX
XACVX	-0.62	0.53	0.54	0.87	0.87		0.73	XACVX
MBLAX	-0.29	0.12	0.89	0.85	0.85	0.73		MBLAX
	QDARX	DLTZX	GABSX	SWSSX	DSCPX	XACVX	MBLAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DSCPX	+ 0.97	SWSSX
MBLAX	+ 0.89	GABSX
XACVX	+ 0.87	SWSSX
XACVX	+ 0.87	DSCPX
MBLAX	+ 0.85	SWSSX
MBLAX	+ 0.85	DSCPX

High negative correlations

XACVX	- 0.62	QDARX
DSCPX	- 0.6	QDARX
SWSSX	- 0.49	QDARX
MBLAX	- 0.29	QDARX
GABSX	- 0.2	QDARX
GABSX	- 0.19	DLTZX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QDARX	0.10	(0.01)	0.00	2.44	0.00	0.00	0.25	(0.25)	0.74
DLTZX	0.08	0.00	(0.26)	0.06	0.00	(0.20)	0.26	(0.13)	0.64
GABSX	0.84	(0.09)	0.00	(0.13)	0.00	0.00	1.60	(1.38)	9.00
SWSSX	0.94	0.00	(0.02)	0.06	1.18	(1.00)	1.84	(1.63)	10.26
DSCPX	0.77	(0.01)	(0.03)	0.03	0.98	(0.88)	1.60	(1.30)	8.80
XACVX	0.69	0.05	0.02	0.16	0.96	(0.72)	1.43	(1.36)	5.43
MBLAX	0.23	(0.02)	0.00	(0.08)	0.00	0.00	0.46	(0.31)	1.79

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC