Jpmorgan International Correlations

JPVZX Fund

USD 19.53 0.08 0.41%

The current 90-days correlation between Jpmorgan International and Stone Ridge Diversified is -0.23 (i.e., Very good diversification). The correlation of Jpmorgan International 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 International Correlation With Market

Poor diversification

The correlation between Jpmorgan International Value and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan International Value 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 International Value. 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 nation.

Moving together with Jpmorgan Mutual Fund

0.65	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.62	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.72	JPDAX	Jpmorgan Preferred And	Pair Corr
0.79	JPDCX	Jpmorgan Preferred And	Pair Corr
0.76	JPDIX	Jpmorgan Preferred And	Pair Corr
0.76	JPDRX	Jpmorgan Preferred And	Pair Corr
0.65	OSTCX	Jpmorgan Short Duration	Pair Corr
0.62	JPICX	Jpmorgan California Tax	Pair Corr
0.71	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.61	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.62	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.61	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.62	JPSRX	Jpmorgan Smartretirement	Pair Corr
1.0	JPVRX	Jpmorgan International	Pair Corr
0.62	JPYRX	Jpmorgan Smartretirement	Pair Corr

Moving against Jpmorgan Mutual Fund

0.41

OSGIX

Jpmorgan Mid Cap

Pair Corr

Related Correlations Analysis

	SRDAX	STARX	OPTCX	FTHNX	SWSSX	NQQQX	PRNHX
SRDAX		0.12	0.57	0.13	0.09	0.37	0.13	SRDAX
STARX	0.12		0.81	0.75	0.88	0.77	0.91	STARX
OPTCX	0.57	0.81		0.64	0.69	0.81	0.76	OPTCX
FTHNX	0.13	0.75	0.64		0.8	0.36	0.69	FTHNX
SWSSX	0.09	0.88	0.69	0.8		0.61	0.95	SWSSX
NQQQX	0.37	0.77	0.81	0.36	0.61		0.73	NQQQX
PRNHX	0.13	0.91	0.76	0.69	0.95	0.73		PRNHX
	SRDAX	STARX	OPTCX	FTHNX	SWSSX	NQQQX	PRNHX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan International 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 International'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
SRDAX	0.16	0.02	(0.20)	(0.19)	0.11	(0.19)	0.28	(0.38)	0.94
STARX	0.36	(0.01)	(0.07)	0.04	0.52	(0.36)	0.78	(0.85)	2.18
OPTCX	0.17	0.00	(0.25)	0.06	0.10	(0.22)	0.40	(0.30)	0.91
FTHNX	0.73	(0.06)	(0.05)	0.02	0.93	(0.74)	1.59	(1.34)	4.10
SWSSX	1.00	(0.03)	0.00	0.05	1.31	(0.99)	2.15	(2.11)	5.53
NQQQX	0.82	0.17	0.08	(5.75)	1.06	(0.89)	2.19	(2.05)	4.77
PRNHX	0.88	(0.02)	0.00	0.05	1.19	(0.91)	1.80	(2.02)	5.73

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