Jpmorgan Smartretirement* Correlations

Mutual Funds USA . 
Fund . Jpmorgan Smartretirement Blend
JTTUX Fund  USD 33.82  0.20  0.59%   
The current 90-days correlation between Jpmorgan Smartretirement* and Jpmorgan Smartretirement 2035 is 0.91 (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

Very weak diversification

The correlation between Jpmorgan Smartretirement Blend 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 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 employment.

Moving together with Jpmorgan Mutual Fund

  0.78SRJIX Jpmorgan SmartretirementPairCorr
  0.78SRJQX Jpmorgan SmartretirementPairCorr
  0.77SRJPX Jpmorgan SmartretirementPairCorr
  0.78SRJSX Jpmorgan SmartretirementPairCorr
  0.78SRJYX Jpmorgan SmartretirementPairCorr
  0.76SRJZX Jpmorgan SmartretirementPairCorr
  0.75SRJCX Jpmorgan SmartretirementPairCorr
  0.77SRJAX Jpmorgan SmartretirementPairCorr
  0.84OSGCX Jpmorgan Small CapPairCorr
  0.66OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan Smartretirement*PairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDCX Jpmorgan Preferred AndPairCorr
  0.61JPDIX Jpmorgan Preferred AndPairCorr
  0.62JPDRX Jpmorgan Preferred AndPairCorr
  0.85JPDVX Jpmorgan DiversifiedPairCorr
  0.74JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.65OSTAX Jpmorgan Short InterPairCorr
  0.65OSTSX Jpmorgan Short-intermediaPairCorr
  0.73OBBCX Jpmorgan Mortgage-backedPairCorr
  0.65OBDCX Jpmorgan E PlusPairCorr
  0.68JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan Smartretirement*PairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.66JPVRX Jpmorgan InternationalPairCorr
  0.65OBOCX Jpmorgan E BondPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.43 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.88 
(1.03)
 3.12 
SRJQX  0.44 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.93 
(1.08)
 3.17 
SRJPX  0.43 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.85 
(1.05)
 3.10 
SRJSX  0.43 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.84 
(1.03)
 3.11 
SRJYX  0.44 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.84 
(1.08)
 3.11 
SRJZX  0.44 (0.04) 0.00 (0.06) 0.00 
 0.00 
 0.85 
(1.10)
 3.06 
SRJCX  0.44 (0.04) 0.00 (0.06) 0.00 
 0.00 
 0.90 
(1.10)
 3.14 
SRJAX  0.43 (0.04) 0.00 (0.05) 0.00 
 0.00 
 0.88 
(1.09)
 3.15 
OSGCX  0.96  0.08  0.03  0.24  1.21 
(1.02)
 1.79 
(1.74)
 8.94 
OSGIX  1.08 (0.02)(0.02) 0.04  2.14 
(0.94)
 1.79 
(2.07)
 11.84 

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