Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUEAX Fund  USD 26.82  0.17  0.64%   
The current 90-days correlation between Jpmorgan Equity and Jpmorgan Intrepid Mid is -0.05 (i.e., Good diversification). The correlation of Jpmorgan 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 Correlation With Market

Good diversification

The correlation between Jpmorgan Equity Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Fund 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 Equity Fund. 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 nation.

Moving together with Jpmorgan Mutual Fund

  0.74SRJIX Jpmorgan SmartretirementPairCorr
  0.74SRJQX Jpmorgan SmartretirementPairCorr
  0.73SRJPX Jpmorgan SmartretirementPairCorr
  0.74SRJSX Jpmorgan SmartretirementPairCorr
  0.74SRJYX Jpmorgan SmartretirementPairCorr
  0.72SRJZX Jpmorgan SmartretirementPairCorr
  0.79SRJCX Jpmorgan SmartretirementPairCorr
  0.73SRJAX Jpmorgan SmartretirementPairCorr
  0.87OSGCX Jpmorgan Small CapPairCorr
  0.92OSGIX Jpmorgan Mid CapPairCorr
  0.79JPBRX Jpmorgan Smartretirement*PairCorr
  0.69JPDAX Jpmorgan Preferred AndPairCorr
  0.7JPDIX Jpmorgan Preferred AndPairCorr
  0.7JPDRX Jpmorgan Preferred AndPairCorr
  0.62JPDVX Jpmorgan DiversifiedPairCorr
  0.95JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.91JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.94JPIVX Jpmorgan Intrepid ValuePairCorr
  0.79OSVCX Jpmorgan Small CapPairCorr
  0.9JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.97JPPEX Jpmorgan Mid CapPairCorr
  0.77JPRRX Jpmorgan SmartretirementPairCorr
  0.81JPTBX Jpmorgan Smartretirement*PairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.77JPTLX Jpmorgan SmartretirementPairCorr
  0.7JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.78OBBCX Jpmorgan Mortgage-backedPairCorr
  0.74OBDCX Jpmorgan E PlusPairCorr
  0.42JPICX Jpmorgan California TaxPairCorr
  0.34OSTAX Jpmorgan Short-intermediaPairCorr
  0.78OBOCX Jpmorgan E BondPairCorr
  0.77PGBOX Jpmorgan E BondPairCorr
  0.51JPVZX Jpmorgan InternationalPairCorr
  0.46STMCX Jpmorgan Short-intermediaPairCorr
  0.42JPVRX Jpmorgan InternationalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JVAAX
+ 0.96
PECAX
VHIAX
+ 0.95
PECAX
JVAAX
+ 0.92
VHIAX
JVAAX
+ 0.88
PSOAX
PSOAX
+ 0.87
PECAX
PSOAX
+ 0.81
VHIAX
  
High negative correlations   
JVAAX
- 0.76
PGBOX
VHIAX
- 0.76
PGBOX
PGBOX
- 0.67
PECAX
PSOAX
- 0.62
PGBOX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan 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'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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