Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2050
JTSYX Fund  USD 23.09  0.14  0.61%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2040 is 0.94 (i.e., Almost no 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

Weak diversification

The correlation between Jpmorgan Smartretirement 2050 and DJI is 0.36 (i.e., Weak 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.95SRJIX Jpmorgan SmartretirementPairCorr
  0.95SRJQX Jpmorgan SmartretirementPairCorr
  0.94SRJPX Jpmorgan SmartretirementPairCorr
  0.94SRJSX Jpmorgan SmartretirementPairCorr
  0.95SRJYX Jpmorgan SmartretirementPairCorr
  0.94SRJZX Jpmorgan SmartretirementPairCorr
  0.94SRJCX Jpmorgan SmartretirementPairCorr
  0.88SRJAX Jpmorgan SmartretirementPairCorr
  0.7OSGCX Jpmorgan Small CapPairCorr
  0.84OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan Smartretirement*PairCorr
  0.66JPDAX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.9JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69OSTAX Jpmorgan Short-intermediaPairCorr
  0.74JPIVX Jpmorgan Intrepid ValuePairCorr
  0.81OSVCX Jpmorgan Small CapPairCorr
  0.62OSTSX Jpmorgan Short-intermediaPairCorr
  0.79OBBCX Jpmorgan Mortgage-backedPairCorr
  0.72JPICX Jpmorgan California TaxPairCorr
  0.8OBDCX Jpmorgan E PlusPairCorr
  0.85JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  0.96JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan Smartretirement*PairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.72OBOCX Jpmorgan E BondPairCorr
  0.96JPYRX Jpmorgan SmartretirementPairCorr

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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