Jpmorgan Floating Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Floating Rate
JPHSX Fund  USD 8.08  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and Pace Municipal Fixed is -0.2 (i.e., Good diversification). The correlation of Jpmorgan Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Floating Rate 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 Floating Rate. 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 state.

Moving together with Jpmorgan Mutual Fund

  0.79SRJIX Jpmorgan SmartretirementPairCorr
  0.79SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.79SRJSX Jpmorgan SmartretirementPairCorr
  0.79SRJYX Jpmorgan SmartretirementPairCorr
  0.8SRJZX Jpmorgan SmartretirementPairCorr
  0.8SRJCX Jpmorgan SmartretirementPairCorr
  0.79SRJAX Jpmorgan SmartretirementPairCorr
  0.83OSGCX Jpmorgan Small CapPairCorr
  0.74OSGIX Jpmorgan Mid CapPairCorr
  0.79JPBRX Jpmorgan Smartretirement*PairCorr
  0.71JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDCX Jpmorgan Preferred AndPairCorr
  0.71JPDIX Jpmorgan Preferred AndPairCorr
  0.71JPDRX Jpmorgan Preferred AndPairCorr
  0.8JPDVX Jpmorgan DiversifiedPairCorr
  0.73JPGSX Jpmorgan Intrepid GrowthPairCorr
  1.0JPHAX Jpmorgan Floating RatePairCorr
  1.0JPHCX Jpmorgan Floating RatePairCorr
  0.84JPIVX Jpmorgan Intrepid ValuePairCorr
  0.86OSVCX Jpmorgan Small CapPairCorr
  1.0JPHRX Jpmorgan Floating RatePairCorr
  0.84JPPEX Jpmorgan Mid CapPairCorr
  0.79JPRRX Jpmorgan SmartretirementPairCorr
  0.79JPTBX Jpmorgan Smartretirement*PairCorr
  0.79JPTKX Jpmorgan Smartretirement*PairCorr
  0.79JPTLX Jpmorgan Smartretirement*PairCorr
  0.79JPSRX Jpmorgan Smartretirement*PairCorr
  0.74JPVRX Jpmorgan InternationalPairCorr
  0.75JPVZX Jpmorgan InternationalPairCorr
  0.79JPYRX Jpmorgan SmartretirementPairCorr
  0.79EMREX Jpmorgan Trust IvPairCorr

Related Correlations Analysis

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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   
RGVCX
+ 0.74
GSORX
RGVCX
+ 0.49
VSBSX
GSORX
+ 0.42
PCMNX
RGVCX
+ 0.29
PCMNX
GSORX
+ 0.09
VSBSX
  
High negative correlations   
VSBSX
- 0.11
PCMNX

Risk-Adjusted Indicators

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