Jpmorgan Small Correlations

VSEAX Fund

USD 43.25 0.40 0.93%

The current 90-days correlation between Jpmorgan Small Cap and Wisdomtree Siegel Global is 0.12 (i.e., Average 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

Modest diversification

The correlation between Jpmorgan Small Cap and DJI is 0.26 (i.e., Modest 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 World Market Map 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 nation.

Moving together with Jpmorgan Mutual Fund

0.87	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.87	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.88	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.89	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.83	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.93	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.75	JPDVX	Jpmorgan Diversified	Pair Corr
0.84	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.99	JPIVX	Jpmorgan Intrepid Value	Pair Corr
1.0	OSVCX	Jpmorgan Small Cap	Pair Corr
0.67	OBBCX	Jpmorgan Mortgage	Pair Corr
0.69	OBDCX	Jpmorgan E Plus	Pair Corr
0.92	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.74	OBOCX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.57	OSTCX	Jpmorgan Short Duration	Pair Corr
0.5	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.5	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.49	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.46	JPHCX	Jpmorgan Floating Rate	Pair Corr

Related Correlations Analysis

	EQTYX	SMYIX	RGELX	LFLCX	ANAGX	GAAUX
EQTYX		0.87	0.87	0.85	0.67	0.65	EQTYX
SMYIX	0.87		0.81	0.82	0.69	0.63	SMYIX
RGELX	0.87	0.81		0.85	0.71	0.57	RGELX
LFLCX	0.85	0.82	0.85		0.88	0.59	LFLCX
ANAGX	0.67	0.69	0.71	0.88		0.43	ANAGX
GAAUX	0.65	0.63	0.57	0.59	0.43		GAAUX
	EQTYX	SMYIX	RGELX	LFLCX	ANAGX	GAAUX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EQTYX	0.43	0.00	(0.12)	0.04	0.61	(0.53)	1.04	(0.92)	4.10
SMYIX	0.65	(0.01)	(0.04)	0.08	1.06	(0.61)	1.48	(1.35)	4.86
RGELX	0.58	0.03	(0.06)	(1.11)	0.93	(0.55)	1.33	(1.69)	4.33
LFLCX	0.18	0.00	(0.32)	0.03	0.18	(0.23)	0.44	(0.33)	1.31
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16
GAAUX	0.62	(0.01)	(0.05)	0.07	1.23	(0.63)	1.17	(1.28)	10.86

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