Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2030
JSMQX Fund  USD 20.19  0.04  0.20%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is -0.2 (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

Very poor diversification

The correlation between Jpmorgan Smartretirement 2030 and DJI is 0.86 (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 2030 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 2030. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with JPMORGAN Mutual Fund

  0.73SRJIX Jpmorgan SmartretirementPairCorr
  0.73SRJQX Jpmorgan SmartretirementPairCorr
  0.73SRJPX Jpmorgan SmartretirementPairCorr
  0.73SRJSX Jpmorgan SmartretirementPairCorr
  0.73SRJYX Jpmorgan SmartretirementPairCorr
  0.73SRJZX Jpmorgan SmartretirementPairCorr
  0.73SRJCX Jpmorgan SmartretirementPairCorr
  0.73SRJAX Jpmorgan SmartretirementPairCorr
  0.88OSGIX Jpmorgan Mid CapPairCorr
  1.0JPBRX Jpmorgan SmartretirementPairCorr
  0.96JPDAX Jpmorgan Preferred AndPairCorr
  0.96JPDCX Jpmorgan Preferred AndPairCorr
  0.95JPDIX Jpmorgan Preferred AndPairCorr
  0.95JPDRX Jpmorgan Preferred AndPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.86JPHAX Jpmorgan Floating RatePairCorr
  0.86JPHCX Jpmorgan Floating RatePairCorr
  0.96OSTAX Jpmorgan Short-intermediaPairCorr
  0.93OSTCX Jpmorgan Short DurationPairCorr
  0.94OSVCX Jpmorgan Small CapPairCorr
  0.88JPHSX Jpmorgan Floating RatePairCorr
  0.89JPHRX Jpmorgan Floating RatePairCorr
  0.95OSTSX Jpmorgan Short-intermediaPairCorr
  0.82OBBCX Jpmorgan Mortgage-backedPairCorr
  0.7JPICX Jpmorgan California TaxPairCorr
  0.88OBDCX Jpmorgan E PlusPairCorr
  0.94JPPEX Jpmorgan Mid CapPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan SmartretirementPairCorr
  1.0JPTKX Jpmorgan SmartretirementPairCorr
  1.0JPTLX Jpmorgan SmartretirementPairCorr
  1.0JPSRX Jpmorgan Smartretirement*PairCorr
  0.92JPVRX Jpmorgan InternationalPairCorr
  0.91JPVZX Jpmorgan InternationalPairCorr
  0.87OBOCX Jpmorgan E BondPairCorr
  1.0JPYRX Jpmorgan Smartretirement*PairCorr
  0.97EMREX Jpmorgan Trust IvPairCorr

Moving against JPMORGAN Mutual Fund

  0.66JPIVX Jpmorgan Intrepid ValuePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.36  0.10 (0.02)(0.47) 0.26 
(0.41)
 0.88 
(0.61)
 1.88 
SRJQX  0.35  0.10 (0.03)(0.49) 0.24 
(0.41)
 0.88 
(0.61)
 1.88 
SRJPX  0.35  0.09 (0.03)(0.48) 0.25 
(0.40)
 0.90 
(0.62)
 1.87 
SRJSX  0.35  0.10 (0.03)(0.49) 0.25 
(0.41)
 0.88 
(0.61)
 1.84 
SRJYX  0.36  0.10 (0.02)(0.49) 0.24 
(0.41)
 0.88 
(0.58)
 1.88 
SRJZX  0.36  0.09 (0.03)(0.47) 0.25 
(0.40)
 0.90 
(0.57)
 1.87 
SRJCX  0.36  0.09 (0.03)(0.46) 0.26 
(0.40)
 0.86 
(0.59)
 1.89 
SRJAX  0.36  0.09 (0.03)(0.48) 0.28 
(0.40)
 0.89 
(0.61)
 1.86 
OSGCX  0.88  0.17  0.03 (0.29) 0.82 
(1.03)
 1.93 
(1.38)
 4.68 
OSGIX  0.72  0.02  0.00  0.11  0.60 
(0.81)
 1.47 
(1.13)
 2.99 

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