Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTBX Fund  USD 35.71  0.15  0.42%   
The current 90-days correlation between Jpmorgan Smartretirement* and T Rowe Price is -0.02 (i.e., Good diversification). The correlation of Jpmorgan Smartretirement* 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 Smartretirement* Correlation With Market

Good diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

  1.0VFFVX Vanguard Target RetiPairCorr
  1.0FAJTX American Funds 2055PairCorr
  0.93AAMTX American Funds 2055PairCorr
  0.93CCJTX American Funds 2055PairCorr
  1.0FTYPX Fidelity Freedom IndexPairCorr
  1.0TRJMX T Rowe PricePairCorr
  1.0FDEEX Fidelity Freedom 2055PairCorr
  1.0FCTKX Fidelity Freedom 2055PairCorr
  1.0FDEWX Fidelity Freedom IndexPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.92VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.9AMFCX American MutualPairCorr
  0.98ASIYX Invesco Asia PacificPairCorr
  1.0AOGIX One Choice PortfolioPairCorr
  0.98DCLVX Dunham Large CapPairCorr
  0.93CVTCX Calamos Growth IncomePairCorr
  0.98CGTRX Columbia Select LargePairCorr
  1.0PRCOX T Rowe PricePairCorr
  0.99IVNQX Invesco Nasdaq 100PairCorr
  0.9FCLKX Fidelity Large CapPairCorr
  0.91SGTRX Columbia Seligman GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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