Jpmorgan Equity Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Index
OGFAX Fund  USD 101.20  0.03  0.03%   
The current 90-days correlation between Jpmorgan Equity Index and Allianzgi Convertible Income is 0.77 (i.e., Poor diversification). The correlation of Jpmorgan Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Jpmorgan Equity Index and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Equity Index. 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

  0.98SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.98SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.94SRJAX Jpmorgan SmartretirementPairCorr
  0.91OSGCX Jpmorgan Small CapPairCorr
  0.67OSGIX Jpmorgan Mid Cap Potential GrowthPairCorr
  0.99JPBRX Jpmorgan Smartretirement*PairCorr
  0.94JPDAX Jpmorgan Preferred AndPairCorr
  0.94JPDCX Jpmorgan Preferred AndPairCorr
  0.93JPDIX Jpmorgan Preferred AndPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.99JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.83JPHCX Jpmorgan Floating RatePairCorr
  0.84OSVCX Jpmorgan Small CapPairCorr
  0.87JPHSX Jpmorgan Floating RatePairCorr
  0.87JPHRX Jpmorgan Floating RatePairCorr
  0.92JPICX Jpmorgan California TaxPairCorr
  0.83OBDCX Jpmorgan E PlusPairCorr
  0.92JPRRX Jpmorgan SmartretirementPairCorr
  0.99JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.99JPTLX Jpmorgan Smartretirement*PairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.79OBOCX Jpmorgan E BondPairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr
  0.95EMREX Jpmorgan Trust IvPairCorr
  0.98EMRSX Jpmorgan Emerging MarketsPairCorr
  0.84PGBOX Jpmorgan E BondPairCorr
  0.89PGSGX Jpmorgan Small CapPairCorr
  0.91TXRRX Jpmorgan Tax AwarePairCorr
  0.9TXRIX Jpmorgan Tax AwarePairCorr
  0.98JRBYX Jpmorgan Smartretirement*PairCorr
  0.98JRBBX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.77ODMCX Jpmorgan Intrepid MidPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Equity 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 Equity'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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