Jpmorgan Equity Correlations

OIEQX Fund

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The current 90-days correlation between Jpmorgan Equity Income and Massmutual Premier E is 0.37 (i.e., Weak diversification). The correlation of Jpmorgan Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between Jpmorgan Equity Income and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Equity Income. 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 producer price index.

Moving together with Jpmorgan Mutual Fund

0.84	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.84	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.84	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.84	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.85	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.85	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.77	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.7	OSGCX	Jpmorgan Small Cap	Pair Corr
0.95	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.8	JPDVX	Jpmorgan Diversified	Pair Corr
0.81	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
1.0	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.94	OSVCX	Jpmorgan Small Cap	Pair Corr
0.65	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.66	JPICX	Jpmorgan California Tax	Pair Corr
0.66	OBDCX	Jpmorgan E Plus	Pair Corr
0.97	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.69	OBOCX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.45	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.4	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.39	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.33	JPHCX	Jpmorgan Floating Rate	Pair Corr

Related Correlations Analysis

	MCZRX	RIBRX	ARTFX	PACEX	GHVIX	BXDCX	PRVBX
MCZRX		0.99	0.44	0.78	0.65	0.36	0.62	MCZRX
RIBRX	0.99		0.44	0.74	0.65	0.36	0.62	RIBRX
ARTFX	0.44	0.44		0.79	0.92	0.95	0.91	ARTFX
PACEX	0.78	0.74	0.79		0.88	0.74	0.84	PACEX
GHVIX	0.65	0.65	0.92	0.88		0.84	0.96	GHVIX
BXDCX	0.36	0.36	0.95	0.74	0.84		0.83	BXDCX
PRVBX	0.62	0.62	0.91	0.84	0.96	0.83		PRVBX
	MCZRX	RIBRX	ARTFX	PACEX	GHVIX	BXDCX	PRVBX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MCZRX	0.24	0.02	0.07	0.30	0.21	(0.28)	0.68	(0.45)	1.60
RIBRX	0.24	0.02	0.07	0.27	0.20	(0.32)	0.70	(0.36)	1.65
ARTFX	0.11	0.02	0.10	(1.03)	0.00	(0.21)	0.44	(0.22)	1.22
PACEX	0.12	0.01	0.10	(1.59)	0.00	(0.19)	0.33	(0.22)	0.99
GHVIX	0.15	0.02	0.10	(1.89)	0.07	(0.18)	0.30	(0.30)	0.90
BXDCX	0.08	0.01	0.13	(0.30)	0.00	(0.15)	0.22	(0.11)	0.65
PRVBX	0.10	0.00	0.08	(0.23)	0.00	(0.12)	0.25	(0.17)	0.58

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