Jpmorgan Smartretirement Correlations

JSIIX Fund

USD 16.70 0.06 0.36%

The current 90-days correlation between Jpmorgan Smartretirement and Adams Natural Resources is 0.03 (i.e., Significant 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 Incom and DJI is 0.81 (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 Incom 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 Income. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

0.99	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.99	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.92	OSGCX	Jpmorgan Small Cap	Pair Corr
0.87	OSGIX	Jpmorgan Mid Cap	Pair Corr
1.0	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.97	JPDAX	Jpmorgan Preferred And	Pair Corr
0.97	JPDCX	Jpmorgan Preferred And	Pair Corr
0.96	JPDIX	Jpmorgan Preferred And	Pair Corr
0.98	JPDVX	Jpmorgan Diversified	Pair Corr
0.98	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.71	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.93	OSVCX	Jpmorgan Small Cap	Pair Corr
0.66	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.65	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.82	OBBCX	Jpmorgan Mortgage-backed	Pair Corr
0.7	JPICX	Jpmorgan California Tax	Pair Corr
0.92	OBDCX	Jpmorgan E Plus	Pair Corr
0.93	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.99	JPTBX	Jpmorgan Smartretirement*	Pair Corr
1.0	JPTKX	Jpmorgan Smartretirement*	Pair Corr
1.0	JPTLX	Jpmorgan Smartretirement*	Pair Corr
1.0	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.91	JPVRX	Jpmorgan International	Pair Corr
0.9	JPVZX	Jpmorgan International	Pair Corr
0.89	OBOCX	Jpmorgan E Bond	Pair Corr
1.0	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.96	EMREX	Jpmorgan Trust Iv	Pair Corr
0.97	EMRSX	Jpmorgan Emerging Markets	Pair Corr
0.9	PGBOX	Jpmorgan E Bond	Pair Corr
1.0	OCGCX	Jpmorgan Investor	Pair Corr
0.89	PGSGX	Jpmorgan Small Cap	Pair Corr
0.88	TXRRX	Jpmorgan Tax Aware	Pair Corr
0.95	STMCX	Jpmorgan Short-intermedia	Pair Corr

Moving against Jpmorgan Mutual Fund

0.61

JPIVX

Jpmorgan Intrepid Value

Pair Corr

Related Correlations Analysis

	PEO	CAEIX	ENPSX	SEPIX	IEFCX	GMOWX	FIKAX
PEO		0.61	0.95	0.93	0.96	0.81	0.95	PEO
CAEIX	0.61		0.47	0.71	0.55	0.91	0.61	CAEIX
ENPSX	0.95	0.47		0.91	0.98	0.72	0.97	ENPSX
SEPIX	0.93	0.71	0.91		0.93	0.86	0.92	SEPIX
IEFCX	0.96	0.55	0.98	0.93		0.78	0.98	IEFCX
GMOWX	0.81	0.91	0.72	0.86	0.78		0.82	GMOWX
FIKAX	0.95	0.61	0.97	0.92	0.98	0.82		FIKAX
	PEO	CAEIX	ENPSX	SEPIX	IEFCX	GMOWX	FIKAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEO	0.69	0.16	0.09	1.03	0.63	(0.79)	1.61	(1.37)	4.09
CAEIX	0.67	0.09	0.11	0.21	0.52	(0.80)	1.31	(1.00)	3.91
ENPSX	1.27	0.18	0.08	0.57	1.22	(1.42)	2.58	(2.14)	6.71
SEPIX	0.69	0.08	0.03	0.27	0.66	(0.78)	1.41	(1.35)	4.00
IEFCX	0.80	0.13	0.04	0.71	0.75	(0.89)	1.86	(1.39)	4.11
GMOWX	1.01	0.26	0.15	3.31	0.80	(1.21)	2.50	(1.61)	5.43
FIKAX	0.87	0.15	0.07	0.72	0.78	(1.06)	1.84	(1.33)	4.13

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