Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JPTKX Fund  USD 33.87  0.03  0.09%   
The current 90-days correlation between Jpmorgan Smartretirement and Qs Growth Fund is 0.98 (i.e., Almost no 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

Very poor diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.84 (i.e., Very poor 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 economic analysis.

Moving together with Jpmorgan Mutual Fund

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.97JPDVX Jpmorgan DiversifiedPairCorr
  0.62JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.7OSTCX Jpmorgan Short DurationPairCorr
  1.0JPTBX Jpmorgan SmartretirementPairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan SmartretirementPairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.7EMREX Jpmorgan Trust IvPairCorr
  0.75PGSGX Jpmorgan Small CapPairCorr
  1.0JRBYX Jpmorgan SmartretirementPairCorr
  1.0JRBBX Jpmorgan SmartretirementPairCorr
  1.0JRBEX Jpmorgan SmartretirementPairCorr
  1.0JRBRX Jpmorgan SmartretirementPairCorr
  0.74JRJKX Jpmorgan High YieldPairCorr
  1.0JACSX Jpmorgan SmartretirementPairCorr
  0.95JAKCX Jpmorgan SmartretirementPairCorr
  0.97JSAYX Jpmorgan SmartretirementPairCorr
  0.65JSDSX Jpmorgan Short DurationPairCorr
  1.0JATQX Jpmorgan SmartretirementPairCorr
  1.0JATPX Jpmorgan SmartretirementPairCorr
  1.0JATUX Jpmorgan SmartretirementPairCorr
  0.71JSGZX Jpmorgan Small CapPairCorr
  0.98JSIIX Jpmorgan SmartretirementPairCorr
  0.98JSIPX Jpmorgan SmartretirementPairCorr
  0.98JSIQX Jpmorgan SmartretirementPairCorr
  0.98JSIYX Jpmorgan SmartretirementPairCorr
  0.98JSIZX Jpmorgan SmartretirementPairCorr
  0.66JSOAX Jpmorgan Strategic IncomePairCorr
  0.72JSOCX Jpmorgan Strategic IncomePairCorr

Related Correlations Analysis


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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