Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUESX Fund  USD 27.27  0.18  0.66%   
The current 90-days correlation between Jpmorgan Equity and Vanguard Total Stock is 0.98 (i.e., Almost no 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

Very poor diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.85 (i.e., Very poor 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 state.

Moving together with Jpmorgan Mutual Fund

  0.82SRJIX Jpmorgan SmartretirementPairCorr
  0.82SRJQX Jpmorgan SmartretirementPairCorr
  0.81SRJPX Jpmorgan SmartretirementPairCorr
  0.82SRJSX Jpmorgan SmartretirementPairCorr
  0.83SRJYX Jpmorgan SmartretirementPairCorr
  0.8SRJZX Jpmorgan SmartretirementPairCorr
  0.79SRJCX Jpmorgan SmartretirementPairCorr
  0.81SRJAX Jpmorgan SmartretirementPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.97JPIVX Jpmorgan Intrepid ValuePairCorr
  0.74JPSRX Jpmorgan Smartretirement*PairCorr
  0.62JRBEX Jpmorgan Smartretirement*PairCorr
  0.86JSBPX Jpmorgan Trust IvPairCorr
  0.88JSOAX Jpmorgan Strategic IncomePairCorr
  0.87JSOCX Jpmorgan Strategic IncomePairCorr
  0.88JSORX Jpmorgan Strategic IncomePairCorr
  0.87JSOSX Jpmorgan Strategic IncomePairCorr
  0.87JSOZX Jpmorgan Strategic IncomePairCorr
  0.9JTSQX Jp Morgan SmartretirementPairCorr
  1.0JUEMX Jpmorgan EquityPairCorr
  0.88JUSMX Jpmorgan Small PanyPairCorr
  0.96JDEUX Jpmorgan DisciplinedPairCorr
  0.93VSNGX Jpmorgan Mid CapPairCorr
  0.92JVAAX Jpmorgan Value AdvantagePairCorr
  0.92JVACX Jpmorgan Value AdvantagePairCorr
  0.92JVAIX Jpmorgan Value AdvantagePairCorr
  0.92JVARX Jpmorgan Value AdvantagePairCorr
  0.92JVASX Jpmorgan Value AdvantagePairCorr
  0.93JVAYX Jpmorgan Value AdvantagePairCorr
  0.85OHYAX Jpmorgan High YieldPairCorr
  0.96OIERX Jpmorgan Equity IncomePairCorr
  0.96OINCX Jpmorgan Equity IncomePairCorr

Moving against Jpmorgan Mutual Fund

  0.77JCBUX Jpmorgan E BondPairCorr
  0.73JCPUX Jpmorgan E PlusPairCorr
  0.52STMCX Jpmorgan Short-intermediaPairCorr
  0.49JIESX Jpmorgan InternationalPairCorr
  0.33IUENX Jpmorgan InternationalPairCorr

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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY