Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2050
JTSIX Fund  USD 24.03  0.15  0.62%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2040 is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Jpmorgan Smartretirement 2050 and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2050 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 2050. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.97SRJIX Jpmorgan SmartretirementPairCorr
  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  0.97SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.97SRJZX Jpmorgan SmartretirementPairCorr
  0.87SRJCX Jpmorgan SmartretirementPairCorr
  0.97SRJAX Jpmorgan SmartretirementPairCorr
  0.8OSGCX Jpmorgan Small CapPairCorr
  0.81OSGIX Jpmorgan Mid CapPairCorr
  0.82JPBRX Jpmorgan SmartretirementPairCorr
  0.67JPDIX Jpmorgan Preferred AndPairCorr
  0.68JPDRX Jpmorgan Preferred AndPairCorr
  0.91JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.69JPHCX Jpmorgan Floating RatePairCorr
  0.74JPIVX Jpmorgan Intrepid ValuePairCorr
  0.75OSVCX Jpmorgan Small CapPairCorr
  0.68JPHSX Jpmorgan Floating RatePairCorr
  0.66JPHRX Jpmorgan Floating RatePairCorr
  0.83JPPEX Jpmorgan Mid CapPairCorr
  0.95JPRRX Jpmorgan SmartretirementPairCorr
  0.91JPTBX Jpmorgan SmartretirementPairCorr
  0.95JPTKX Jpmorgan SmartretirementPairCorr
  0.95JPTLX Jpmorgan SmartretirementPairCorr
  0.95JPSRX Jpmorgan SmartretirementPairCorr
  0.88JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.4OBBCX Jpmorgan MortgagePairCorr
  0.4OBDCX Jpmorgan E PlusPairCorr
  0.42OBOCX Jpmorgan E BondPairCorr
  0.41PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis

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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.

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