Jpmorgan Mid Correlations

JMVRX Fund

USD 38.40 0.25 0.65%

The current 90-days correlation between Jpmorgan Mid Cap and Templeton Global Balanced is -0.05 (i.e., Good diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid 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 real.

Moving together with Jpmorgan Mutual Fund

0.62	OSVCX	Jpmorgan Small Cap	Pair Corr
0.86	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.64	JEPAX	Jpmorgan Research Equity	Pair Corr
0.66	JEPCX	Jpmorgan Research Equity	Pair Corr
0.62	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.72	OIEJX	Jpmorgan Equity Income	Pair Corr

Moving against Jpmorgan Mutual Fund

0.34

EMRSX

Jpmorgan Emerging Markets

Pair Corr

Related Correlations Analysis

	TINCX	DBIWX	TEDIX	PRSAX	FSBKX	TRGLX
TINCX		0.88	0.8	0.79	0.89	0.9	TINCX
DBIWX	0.88		0.91	0.88	0.84	0.89	DBIWX
TEDIX	0.8	0.91		0.68	0.73	0.79	TEDIX
PRSAX	0.79	0.88	0.68		0.81	0.86	PRSAX
FSBKX	0.89	0.84	0.73	0.81		0.85	FSBKX
TRGLX	0.9	0.89	0.79	0.86	0.85		TRGLX
	TINCX	DBIWX	TEDIX	PRSAX	FSBKX	TRGLX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Mid 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 Mid'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
TINCX	0.40	0.05	0.01	0.70	0.40	(0.52)	0.72	(0.73)	2.16
DBIWX	0.30	0.06	0.06	0.45	0.19	(0.35)	0.71	(0.62)	1.61
TEDIX	0.51	0.06	0.03	0.43	0.58	(0.51)	1.09	(1.10)	4.23
PRSAX	0.08	0.01	(0.29)	0.28	0.00	(0.15)	0.20	(0.10)	0.69
FSBKX	0.38	0.02	0.00	0.08	0.49	(0.36)	0.81	(0.88)	2.25
TRGLX	0.80	0.10	0.05	0.82	1.05	(0.79)	1.47	(2.06)	4.61

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