Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2020
JTTSX Fund  USD 15.98  0.06  0.38%   
The current 90-days correlation between Jpmorgan Smartretirement and Ab Bond Inflation is 0.63 (i.e., Poor 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 2020 and DJI is 0.43 (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 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 state.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.68OSGCX Jpmorgan Small CapPairCorr
  0.88OSGIX Jpmorgan Mid CapPairCorr
  0.84JPBRX Jpmorgan SmartretirementPairCorr
  0.62JPDAX Jpmorgan Preferred AndPairCorr
  0.67JPDCX Jpmorgan Preferred AndPairCorr
  0.61JPDIX Jpmorgan Preferred AndPairCorr
  0.93JPDVX Jpmorgan DiversifiedPairCorr
  0.89JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67OSTAX Jpmorgan Short InterPairCorr
  0.81JPIVX Jpmorgan Intrepid ValuePairCorr
  0.83OSVCX Jpmorgan Small CapPairCorr
  0.9OBBCX Jpmorgan MortgagePairCorr
  0.71JPICX Jpmorgan California TaxPairCorr
  0.84OBDCX Jpmorgan E PlusPairCorr
  0.88JPPEX Jpmorgan Mid CapPairCorr
  0.87JPRRX Jpmorgan SmartretirementPairCorr
  0.82JPTBX Jpmorgan Smartretirement*PairCorr
  0.85JPTKX Jpmorgan Smartretirement*PairCorr
  0.86JPTLX Jpmorgan Smartretirement*PairCorr
  0.85JPSRX Jpmorgan Smartretirement*PairCorr
  0.9OBOCX Jpmorgan E BondPairCorr
  0.84JPYRX Jpmorgan Smartretirement*PairCorr

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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