Jpmorgan Smartretirement* Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JTYBX Fund  USD 39.22  0.15  0.38%   
The current 90-days correlation between Jpmorgan Smartretirement* and Blackrock Conservative Prprdptfinstttnl is 0.83 (i.e., Very poor 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

Average diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.12 (i.e., Average 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

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.99SRJQX Jpmorgan SmartretirementPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.99SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.85OSGCX Jpmorgan Small CapPairCorr
  1.0JPBRX Jpmorgan Smartretirement*PairCorr
  0.9JPDAX Jpmorgan Preferred AndPairCorr
  0.9JPDCX Jpmorgan Preferred AndPairCorr
  0.91JPDIX Jpmorgan Preferred AndPairCorr
  0.89JPDRX Jpmorgan Preferred AndPairCorr
  0.99JPDVX Jpmorgan DiversifiedPairCorr
  0.97JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.66OSTCX Jpmorgan Short DurationPairCorr
  0.79OSVCX Jpmorgan Small CapPairCorr
  0.79JPICX Jpmorgan California TaxPairCorr
  0.74OBDCX Jpmorgan E PlusPairCorr
  1.0JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan SmartretirementPairCorr
  1.0JPTKX Jpmorgan Smartretirement*PairCorr
  1.0JPTLX Jpmorgan Smartretirement*PairCorr
  0.9JPSRX Jpmorgan Smartretirement*PairCorr
  0.62JPVRX Jpmorgan InternationalPairCorr
  0.69JPVZX Jpmorgan InternationalPairCorr
  0.69OBOCX Jpmorgan E BondPairCorr
  1.0JPYRX Jpmorgan SmartretirementPairCorr
  0.94EMREX Jpmorgan Trust IvPairCorr
  0.94EMRSX Jpmorgan Emerging MarketsPairCorr
  0.7PGBOX Jpmorgan E BondPairCorr

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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