JPMorgan Core Correlations

JCPB Etf

USD 47.77 0.06 0.13%

The current 90-days correlation between JPMorgan Core Plus and Strategy Shares is 0.26 (i.e., Modest 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.

JPMorgan Core Correlation With Market

Modest diversification

The correlation between JPMorgan Core Plus and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JPMorgan Core Plus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JPMorgan Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Core Plus. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with JPMorgan Etf

1.0	IUSB	iShares Core Total	Pair Corr
0.98	FIXD	First Trust TCW	Pair Corr
1.0	FBND	Fidelity Total Bond	Pair Corr
0.94	TOTL	SPDR DoubleLine Total	Pair Corr
0.69	BNDS	Series Portfolios Trust	Pair Corr
1.0	HTRB	Hartford Total Return	Pair Corr
0.71	DRSK	Aptus Defined Risk	Pair Corr
0.99	GTO	Invesco Total Return	Pair Corr
0.99	EUSB	iShares Trust	Pair Corr
0.67	LUX	Tema Global	Pair Corr
0.79	SWP	SWP Growth Income	Pair Corr
0.71	DUKH	Ocean Park High	Pair Corr
0.66	WINN	Harbor Long Term	Pair Corr
0.79	TCAI	Tortoise Capital Series	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.76	INTC	Intel Aggressive Push	Pair Corr
0.8	WMT	Walmart	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.67	AXP	American Express	Pair Corr

Moving against JPMorgan Etf

0.84	FNGD	MicroSectors FANG Index	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.41	HUM	Humana Inc	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.6	PG	Procter Gamble	Pair Corr
0.51	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.4	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.43	0.58	-0.73	0.71	-0.73	0.37	-0.18	-0.73	-0.67	META
MSFT	0.43		0.7	0.02	-0.17	0.06	0.55	0.26	-0.33	-0.18	MSFT
UBER	0.58	0.7		-0.32	0.26	-0.44	0.41	0.39	-0.68	-0.37	UBER
F	-0.73	0.02	-0.32		-0.75	0.79	-0.02	0.27	0.63	0.72	F
T	0.71	-0.17	0.26	-0.75		-0.91	0.0	-0.19	-0.57	-0.5	T
A	-0.73	0.06	-0.44	0.79	-0.91		-0.09	0.13	0.72	0.53	A
CRM	0.37	0.55	0.41	-0.02	0.0	-0.09		-0.11	-0.44	-0.32	CRM
JPM	-0.18	0.26	0.39	0.27	-0.19	0.13	-0.11		-0.21	0.32	JPM
MRK	-0.73	-0.33	-0.68	0.63	-0.57	0.72	-0.44	-0.21		0.56	MRK
XOM	-0.67	-0.18	-0.37	0.72	-0.5	0.53	-0.32	0.32	0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.79	F
XOM	+ 0.72	F
MRK	+ 0.72	A
T	+ 0.71	META
UBER	+ 0.7	MSFT
MRK	+ 0.63	F

High negative correlations

A	- 0.91	T
T	- 0.75	F
MRK	- 0.73	META
A	- 0.73	META
F	- 0.73	META
MRK	- 0.68	UBER

JPMorgan Core Competition Risk-Adjusted Indicators

There is a big difference between JPMorgan Etf performing well and JPMorgan Core ETF 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
META	1.25	(0.32)	0.00	(0.36)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.12)	0.00	(0.13)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.20)	0.00	0.00	3.34	(3.30)	10.91
F	1.45	0.15	0.09	0.12	1.67	(1.64)	3.38	(2.35)	16.30
T	0.99	(0.17)	0.00	(0.42)	0.00	0.00	1.84	(2.32)	6.25
A	1.28	0.34	0.24	0.29	1.08	(1.44)	3.93	(2.15)	11.03
CRM	1.60	(0.14)	0.00	(0.11)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	(0.01)	0.00	0.01	1.32	(0.80)	1.67	(1.91)	5.76
MRK	1.31	0.22	0.16	0.40	1.13	(1.71)	3.84	(2.36)	11.45
XOM	0.92	0.07	0.04	0.38	1.11	(0.87)	1.77	(1.93)	4.63

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