Jpmorgan Core Correlations

Mutual Funds . USA . 
Fund . Jpmorgan E Plus
ONIAX Fund  USD 7.19  0.01  0.14%   
The current 90-days correlation between Jpmorgan E Plus and Jpmorgan Smartretirement 2035 is 0.14 (i.e., Average diversification). The correlation of Jpmorgan Core 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 Core Correlation With Market

Good diversification

The correlation between Jpmorgan E Plus and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan E Plus 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 E Plus. 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

  0.71OSTAX Jpmorgan Short-intermediaPairCorr
  0.73OSTCX Jpmorgan Short DurationPairCorr
  0.7OSTSX Jpmorgan Short-intermediaPairCorr
  1.0OBBCX Jpmorgan Mortgage-backedPairCorr
  0.81JPICX Jpmorgan California TaxPairCorr
  0.97OBDCX Jpmorgan E PlusPairCorr
  0.68JPVRX Jpmorgan InternationalPairCorr
  0.73JPVZX Jpmorgan InternationalPairCorr
  1.0OBOCX Jpmorgan E BondPairCorr

Moving against Jpmorgan Mutual Fund

  0.78JPHAX Jpmorgan Floating RatePairCorr
  0.75OSGIX Jpmorgan Mid CapPairCorr
  0.73JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67OSGCX Jpmorgan Small CapPairCorr
  0.79JPHCX Jpmorgan Floating RatePairCorr
  0.79JPHRX Jpmorgan Floating RatePairCorr
  0.77JPHSX Jpmorgan Floating RatePairCorr
  0.74JPPEX Jpmorgan Mid CapPairCorr
  0.71JPIVX Jpmorgan Intrepid ValuePairCorr
  0.59OSVCX Jpmorgan Small CapPairCorr
  0.42JPTBX Jpmorgan Smartretirement*PairCorr
  0.67PGSGX Jpmorgan Small CapPairCorr

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 Core 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 Core'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.03)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.51 
SRJQX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.90 
(0.80)
 2.42 
SRJPX  0.40 (0.04)(0.17) 0.05  0.48 
(0.43)
 0.87 
(0.81)
 2.51 
SRJSX  0.40 (0.04)(0.18) 0.05  0.47 
(0.43)
 0.86 
(0.80)
 2.47 
SRJYX  0.40 (0.04)(0.17) 0.06  0.48 
(0.43)
 0.86 
(0.80)
 2.51 
SRJZX  0.40 (0.04)(0.18) 0.05  0.47 
(0.42)
 0.87 
(0.77)
 2.46 
SRJCX  0.41  0.01 (0.20)(0.58) 0.50 
(0.45)
 0.88 
(0.82)
 2.48 
SRJAX  0.40 (0.04)(0.17) 0.05  0.47 
(0.44)
 0.87 
(0.81)
 2.44 
OSGCX  0.91  0.09 (0.01) 0.92  1.06 
(0.97)
 2.01 
(1.81)
 6.63 
OSGIX  0.76  0.08  0.09  0.19  0.77 
(0.83)
 1.58 
(1.74)
 5.03 

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