Jpmorgan Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Pany
JUSMX Fund  USD 21.09  0.11  0.52%   
The current 90-days correlation between Jpmorgan Small Pany and Blackrock Financial Institutions is -0.31 (i.e., Very 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

Very poor diversification

The correlation between Jpmorgan Small Pany and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Pany 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 Small Pany. 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 population.

Moving together with Jpmorgan Mutual Fund

  0.73SRJIX Jpmorgan SmartretirementPairCorr
  0.72SRJQX Jpmorgan SmartretirementPairCorr
  0.72SRJPX Jpmorgan SmartretirementPairCorr
  0.72SRJSX Jpmorgan SmartretirementPairCorr
  0.73SRJYX Jpmorgan SmartretirementPairCorr
  0.71SRJZX Jpmorgan SmartretirementPairCorr
  0.61SRJCX Jpmorgan SmartretirementPairCorr
  0.72SRJAX Jpmorgan SmartretirementPairCorr
  0.92OSGCX Jpmorgan Small CapPairCorr
  0.92OSGIX Jpmorgan Mid CapPairCorr
  0.7JPBRX Jpmorgan Smartretirement*PairCorr
  0.66JPDVX Jpmorgan DiversifiedPairCorr
  0.85JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.71JPHCX Jpmorgan Floating RatePairCorr
  0.9JPIVX Jpmorgan Intrepid ValuePairCorr
  0.99OSVCX Jpmorgan Small CapPairCorr
  0.71JPHSX Jpmorgan Floating RatePairCorr
  0.74JPHRX Jpmorgan Floating RatePairCorr
  0.93JPPEX Jpmorgan Mid CapPairCorr
  0.69JPRRX Jpmorgan SmartretirementPairCorr
  0.77JPTBX Jpmorgan Smartretirement*PairCorr
  0.7JPTKX Jpmorgan Smartretirement*PairCorr
  0.69JPTLX Jpmorgan SmartretirementPairCorr
  0.7JPSRX Jpmorgan Smartretirement*PairCorr
  0.71JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.61OBBCX Jpmorgan Mortgage-backedPairCorr
  0.6OBDCX Jpmorgan E PlusPairCorr
  0.36JPICX Jpmorgan California TaxPairCorr
  0.33OSTAX Jpmorgan Short-intermediaPairCorr
  0.31OSTCX Jpmorgan Short DurationPairCorr
  0.62OBOCX Jpmorgan E BondPairCorr
  0.62PGBOX Jpmorgan E BondPairCorr
  0.4JPVZX Jpmorgan InternationalPairCorr
  0.4STMCX Jpmorgan Short-intermediaPairCorr
  0.39JPVRX Jpmorgan InternationalPairCorr

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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