Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUEPX Fund  USD 25.10  0.06  0.24%   
The current 90-days correlation between Jpmorgan Equity and Jpmorgan Equity Fund is 1.0 (i.e., No risk reduction). 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

Modest diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.28 (i.e., Modest 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 american community survey.

Moving together with Jpmorgan Mutual Fund

  0.91SRJIX Jpmorgan SmartretirementPairCorr
  0.92SRJQX Jpmorgan SmartretirementPairCorr
  0.92SRJPX Jpmorgan SmartretirementPairCorr
  0.92SRJSX Jpmorgan SmartretirementPairCorr
  0.91SRJYX Jpmorgan SmartretirementPairCorr
  0.92SRJZX Jpmorgan SmartretirementPairCorr
  0.92SRJCX Jpmorgan SmartretirementPairCorr
  0.86SRJAX Jpmorgan SmartretirementPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.8JPDVX Jpmorgan DiversifiedPairCorr
  0.92JPGSX Jpmorgan Intrepid Growth Potential GrowthPairCorr
  0.96JPIVX Jpmorgan Intrepid ValuePairCorr
  0.98OSVCX Jpmorgan Small CapPairCorr
  0.7OBBCX Jpmorgan Mortgage-backedPairCorr
  0.72OBDCX Jpmorgan E PlusPairCorr
  0.93JPPEX Jpmorgan Mid CapPairCorr
  0.61JPRRX Jpmorgan SmartretirementPairCorr
  0.76OBOCX Jpmorgan E BondPairCorr

Moving against Jpmorgan Mutual Fund

  0.49OSTCX Jpmorgan Short DurationPairCorr
  0.43JPHRX Jpmorgan Floating RatePairCorr
  0.42JPHAX Jpmorgan Floating RatePairCorr
  0.41JPHSX Jpmorgan Floating RatePairCorr
  0.38JPHCX Jpmorgan Floating RatePairCorr

Related Correlations Analysis

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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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