Jpmorgan Value Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Value Advantage
JVAAX Fund  USD 43.57  0.40  0.93%   
The current 90-days correlation between Jpmorgan Value Advantage and Jpmorgan Growth Advantage is 0.5 (i.e., Very weak diversification). The correlation of Jpmorgan Value 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 Value Correlation With Market

Almost no diversification

The correlation between Jpmorgan Value Advantage and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Value Advantage 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 Value Advantage. 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

  0.68SRJIX Jpmorgan SmartretirementPairCorr
  0.68SRJQX Jpmorgan SmartretirementPairCorr
  0.67SRJPX Jpmorgan SmartretirementPairCorr
  0.68SRJSX Jpmorgan SmartretirementPairCorr
  0.69SRJYX Jpmorgan SmartretirementPairCorr
  0.66SRJZX Jpmorgan SmartretirementPairCorr
  0.62SRJCX Jpmorgan SmartretirementPairCorr
  0.67SRJAX Jpmorgan SmartretirementPairCorr
  0.88OSGCX Jpmorgan Small CapPairCorr
  0.96OSGIX Jpmorgan Mid CapPairCorr
  0.62JPBRX Jpmorgan Smartretirement*PairCorr
  0.91JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.89JPHAX Jpmorgan Floating RatePairCorr
  0.88JPHCX Jpmorgan Floating RatePairCorr
  0.98JPIVX Jpmorgan Intrepid ValuePairCorr
  0.92OSVCX Jpmorgan Small CapPairCorr
  0.89JPHSX Jpmorgan Floating RatePairCorr
  0.89JPHRX Jpmorgan Floating RatePairCorr
  0.95JPPEX Jpmorgan Mid CapPairCorr
  0.75JPTBX Jpmorgan Smartretirement*PairCorr
  0.62JPTKX Jpmorgan Smartretirement*PairCorr
  0.64JPSRX Jpmorgan Smartretirement*PairCorr
  0.62JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.76OBBCX Jpmorgan Mortgage-backedPairCorr
  0.73OBDCX Jpmorgan E PlusPairCorr
  0.42JPICX Jpmorgan California TaxPairCorr
  0.35OSTAX Jpmorgan Short-intermediaPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.76PGBOX Jpmorgan E BondPairCorr
  0.55JPVZX Jpmorgan InternationalPairCorr
  0.51JPVRX Jpmorgan InternationalPairCorr
  0.45STMCX Jpmorgan Short-intermediaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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