Jpmorgan Floating Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Floating Rate
JPHSX Fund  USD 8.01  0.01  0.12%   
The current 90-days correlation between Jpmorgan Floating Rate and Western Asset Municipal is 0.02 (i.e., Significant 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

Significant diversification

The correlation between Jpmorgan Floating Rate and DJI is 0.07 (i.e., Significant 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.85SRJIX Jpmorgan SmartretirementPairCorr
  0.87SRJQX Jpmorgan SmartretirementPairCorr
  0.86SRJPX Jpmorgan SmartretirementPairCorr
  0.85SRJSX Jpmorgan SmartretirementPairCorr
  0.85SRJYX Jpmorgan SmartretirementPairCorr
  0.85SRJZX Jpmorgan SmartretirementPairCorr
  0.85SRJCX Jpmorgan SmartretirementPairCorr
  0.87SRJAX Jpmorgan SmartretirementPairCorr
  0.84OSGCX Jpmorgan Small CapPairCorr
  0.86OSGIX Jpmorgan Mid CapPairCorr
  0.86JPBRX Jpmorgan Smartretirement*PairCorr
  0.86JPDAX Jpmorgan Preferred AndPairCorr
  0.87JPDCX Jpmorgan Preferred AndPairCorr
  0.86JPDIX Jpmorgan Preferred AndPairCorr
  0.86JPDRX Jpmorgan Preferred AndPairCorr
  0.86JPDVX Jpmorgan DiversifiedPairCorr
  0.9JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.98JPHAX Jpmorgan Floating RatePairCorr
  0.96JPHCX Jpmorgan Floating RatePairCorr
  0.72OSTAX Jpmorgan Short-intermediaPairCorr
  0.76OSTCX Jpmorgan Short DurationPairCorr
  0.77OSVCX Jpmorgan Small CapPairCorr
  0.96JPHRX Jpmorgan Floating RatePairCorr
  0.72OSTSX Jpmorgan Short-intermediaPairCorr
  0.88JPICX Jpmorgan California TaxPairCorr
  0.79OBDCX Jpmorgan E PlusPairCorr
  0.64JPPEX Jpmorgan Mid CapPairCorr
  0.86JPRRX Jpmorgan SmartretirementPairCorr
  0.86JPTBX Jpmorgan Smartretirement*PairCorr
  0.86JPTKX Jpmorgan Smartretirement*PairCorr
  0.86JPTLX Jpmorgan Smartretirement*PairCorr
  0.86JPSRX Jpmorgan Smartretirement*PairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.86JPYRX Jpmorgan Smartretirement*PairCorr
  0.9EMREX Jpmorgan Trust IvPairCorr
  0.9EMRSX Jpmorgan Emerging MarketsPairCorr
  0.78PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis


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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