Jpmorgan Small Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Small Cap
PGSGX Fund  USD 18.72  0.12  0.64%   
The current 90-days correlation between Jpmorgan Small Cap and Jpmorgan Mid Cap is 0.77 (i.e., Poor diversification). The correlation of Jpmorgan Small 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 Small Correlation With Market

Weak diversification

The correlation between Jpmorgan Small Cap and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Small Cap 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 Small Cap. 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 price.

Moving together with Jpmorgan Mutual Fund

  0.68SRJIX Jpmorgan SmartretirementPairCorr
  0.68SRJQX Jpmorgan SmartretirementPairCorr
  0.67SRJPX Jpmorgan SmartretirementPairCorr
  0.68SRJSX Jpmorgan SmartretirementPairCorr
  0.68SRJYX Jpmorgan SmartretirementPairCorr
  0.66SRJZX Jpmorgan SmartretirementPairCorr
  0.65SRJCX Jpmorgan SmartretirementPairCorr
  1.0OSGCX Jpmorgan Small CapPairCorr
  0.75OSGIX Jpmorgan Mid CapPairCorr
  0.83JPBRX Jpmorgan Smartretirement*PairCorr
  0.63JPDVX Jpmorgan DiversifiedPairCorr
  0.71JPGSX Jpmorgan Intrepid Growth Potential GrowthPairCorr
  0.61OSTAX Jpmorgan Short InterPairCorr
  0.61OSTSX Jpmorgan Short-intermediaPairCorr
  0.78JPPEX Jpmorgan Mid CapPairCorr
  0.83JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan Smartretirement*PairCorr
  0.83JPTKX Jpmorgan Smartretirement*PairCorr
  0.83JPTLX Jpmorgan Smartretirement*PairCorr
  0.83JPSRX Jpmorgan Smartretirement*PairCorr
  0.83JPYRX Jpmorgan Smartretirement*PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PSOAX
+ 0.96
OSGIX
VHIAX
+ 0.94
OSGIX
VHIAX
+ 0.86
PSOAX
VHIAX
+ 0.52
OLGAX
JFAMX
+ 0.35
PSOAX
VHIAX
+ 0.32
JFAMX
  
High negative correlations   
JFAMX
- 0.01
OLGAX

Risk-Adjusted Indicators

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