Jpmorgan Hedged Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Hedged Equity
JHQCX Fund  USD 33.70  0.06  0.18%   
The current 90-days correlation between Jpmorgan Hedged Equity and Jpmorgan Hedged Equity is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan Hedged 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 Hedged Correlation With Market

Very good diversification

The correlation between Jpmorgan Hedged Equity and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Hedged Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Hedged Equity. 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 services.

Moving together with Jpmorgan Mutual Fund

  0.96SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.96SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.96SRJZX Jpmorgan SmartretirementPairCorr
  0.95SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.88OSGCX Jpmorgan Small CapPairCorr
  0.87OSGIX Jpmorgan Mid CapPairCorr
  0.96JPBRX Jpmorgan SmartretirementPairCorr
  0.94JPDAX Jpmorgan Preferred AndPairCorr
  0.94JPDCX Jpmorgan Preferred AndPairCorr
  0.94JPDIX Jpmorgan Preferred AndPairCorr
  0.93JPDRX Jpmorgan Preferred AndPairCorr
  0.98JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPHAX Jpmorgan Floating RatePairCorr
  0.84JPHCX Jpmorgan Floating RatePairCorr
  0.95OSTAX Jpmorgan Short-intermediaPairCorr
  0.92OSTCX Jpmorgan Short DurationPairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.87JPHSX Jpmorgan Floating RatePairCorr
  0.86JPHRX Jpmorgan Floating RatePairCorr
  0.95OSTSX Jpmorgan Short-intermediaPairCorr
  0.82OBBCX Jpmorgan Mortgage-backedPairCorr
  0.68JPICX Jpmorgan California TaxPairCorr
  0.85OBDCX Jpmorgan E PlusPairCorr
  0.89JPPEX Jpmorgan Mid CapPairCorr
  0.96JPRRX Jpmorgan SmartretirementPairCorr
  0.96JPTBX Jpmorgan SmartretirementPairCorr
  0.96JPTKX Jpmorgan SmartretirementPairCorr
  0.96JPTLX Jpmorgan SmartretirementPairCorr
  0.96JPSRX Jpmorgan Smartretirement*PairCorr
  0.9JPVRX Jpmorgan InternationalPairCorr
  0.87JPVZX Jpmorgan InternationalPairCorr
  0.83OBOCX Jpmorgan E BondPairCorr
  0.96JPYRX Jpmorgan Smartretirement*PairCorr
  0.96EMREX Jpmorgan Trust IvPairCorr

Moving against Jpmorgan Mutual Fund

  0.68JPIVX Jpmorgan Intrepid ValuePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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