Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2020
JTTCX Fund  USD 16.36  0.02  0.12%   
The current 90-days correlation between Jpmorgan Smartretirement and Fidelity Managed Retirement is 0.97 (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

Poor diversification

The correlation between Jpmorgan Smartretirement 2020 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2020 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 2020. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.81SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.81SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.82SRJZX Jpmorgan SmartretirementPairCorr
  0.68SRJCX Jpmorgan SmartretirementPairCorr
  0.81SRJAX Jpmorgan SmartretirementPairCorr
  0.69JPBRX Jpmorgan Smartretirement*PairCorr
  0.89JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPRRX Jpmorgan SmartretirementPairCorr
  0.71JPTBX Jpmorgan Smartretirement*PairCorr
  0.8JPTKX Jpmorgan Smartretirement*PairCorr
  0.7JPTLX Jpmorgan SmartretirementPairCorr
  0.84JPSRX Jpmorgan Smartretirement*PairCorr
  0.61JPVRX Jpmorgan InternationalPairCorr
  0.69JPYRX Jpmorgan SmartretirementPairCorr
  0.69EMRSX Jpmorgan Emerging MarketsPairCorr

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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