Jpmorgan Core Correlations

WOBDX Fund

USD 10.23 0.05 0.49%

The current 90-days correlation between Jpmorgan E Bond and Bbh Intermediate Municipal is -0.12 (i.e., Good 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 Bond and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan E Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Jpmorgan E Bond. 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 unemployment.

Moving together with Jpmorgan Mutual Fund

0.77	OSTAX	Jpmorgan Short-intermedia	Pair Corr
0.78	OSTCX	Jpmorgan Short Duration	Pair Corr
0.7	OSTSX	Jpmorgan Short-intermedia	Pair Corr
1.0	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.79	JPICX	Jpmorgan California Tax	Pair Corr
1.0	OBDCX	Jpmorgan E Plus	Pair Corr
0.7	JPVRX	Jpmorgan International	Pair Corr
1.0	OBOCX	Jpmorgan E Bond	Pair Corr
1.0	PGBOX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.82	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.82	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.82	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.76	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.75	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.74	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.74	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.67	OSGCX	Jpmorgan Small Cap	Pair Corr
0.47	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.35	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.35	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.34	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.34	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.34	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.34	JPTKX	Jpmorgan Smartretirement*	Pair Corr
0.34	JPSRX	Jpmorgan Smartretirement*	Pair Corr
0.33	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.33	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.32	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.31	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.31	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.72	JAMCX	Jpmorgan Mid Cap	Pair Corr
0.67	PGSGX	Jpmorgan Small Cap	Pair Corr
0.52	JAKQX	Jpmorgan Smartretirement	Pair Corr
0.52	JAKSX	Jpmorgan Smartretirement	Pair Corr
0.5	JAKCX	Jpmorgan Smartretirement	Pair Corr
0.5	JSAIX	Jpmorgan Smartretirement	Pair Corr
0.49	JSAPX	Jpmorgan Smartretirement	Pair Corr
0.49	JSASX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	BBINX	ASCLX	VEIEX	PRVBX	USCBX	MDMTX	MBSAX
BBINX		-0.32	0.18	0.23	0.82	0.87	0.77	BBINX
ASCLX	-0.32		0.46	0.49	-0.17	-0.59	-0.04	ASCLX
VEIEX	0.18	0.46		0.67	0.02	-0.22	0.15	VEIEX
PRVBX	0.23	0.49	0.67		0.18	-0.19	0.44	PRVBX
USCBX	0.82	-0.17	0.02	0.18		0.75	0.77	USCBX
MDMTX	0.87	-0.59	-0.22	-0.19	0.75		0.65	MDMTX
MBSAX	0.77	-0.04	0.15	0.44	0.77	0.65		MBSAX
	BBINX	ASCLX	VEIEX	PRVBX	USCBX	MDMTX	MBSAX

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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

MDMTX	+ 0.87	BBINX
USCBX	+ 0.82	BBINX
MBSAX	+ 0.77	BBINX
MBSAX	+ 0.77	USCBX
MDMTX	+ 0.75	USCBX
PRVBX	+ 0.67	VEIEX

High negative correlations

MDMTX	- 0.59	ASCLX
ASCLX	- 0.32	BBINX
MDMTX	- 0.22	VEIEX
MDMTX	- 0.19	PRVBX
USCBX	- 0.17	ASCLX
MBSAX	- 0.04	ASCLX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.11	(0.01)	(0.43)	(0.13)	0.15	(0.19)	0.29	(0.29)	1.07
ASCLX	0.36	0.00	(0.09)	0.12	0.36	(0.40)	0.77	(0.93)	2.91
VEIEX	0.71	(0.03)	(0.12)	0.04	0.85	(0.78)	1.55	(1.68)	4.60
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
USCBX	0.15	0.02	(0.27)	(0.04)	0.23	(0.23)	0.39	(0.29)	1.74
MDMTX	0.16	(0.01)	(0.33)	(0.23)	0.25	(0.23)	0.38	(0.56)	1.33
MBSAX	0.21	0.00	(0.36)	0.07	0.23	(0.23)	0.37	(0.44)	1.25

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