Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2060
JAKCX Fund  USD 23.86  0.14  0.59%   
The current 90-days correlation between Jpmorgan Smartretirement and American Funds 2060 is 0.98 (i.e., Almost no 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 2060 and DJI is 0.8 (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 2060 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 2060. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.99SRJIX Jpmorgan SmartretirementPairCorr
  0.98SRJQX Jpmorgan SmartretirementPairCorr
  0.98SRJPX Jpmorgan SmartretirementPairCorr
  0.98SRJSX Jpmorgan SmartretirementPairCorr
  0.99SRJYX Jpmorgan SmartretirementPairCorr
  0.98SRJZX Jpmorgan SmartretirementPairCorr
  0.98SRJCX Jpmorgan SmartretirementPairCorr
  0.98SRJAX Jpmorgan SmartretirementPairCorr
  0.76OSGCX Jpmorgan Small CapPairCorr
  0.79OSGIX Jpmorgan Mid CapPairCorr
  0.97JPBRX Jpmorgan Smartretirement*PairCorr
  0.76JPDAX Jpmorgan Preferred AndPairCorr
  0.77JPDIX Jpmorgan Preferred AndPairCorr
  0.77JPDRX Jpmorgan Preferred AndPairCorr
  0.93JPDVX Jpmorgan DiversifiedPairCorr
  0.9JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.71JPHAX Jpmorgan Floating RatePairCorr
  0.7JPHCX Jpmorgan Floating RatePairCorr
  0.86JPIVX Jpmorgan Intrepid ValuePairCorr
  0.76OSVCX Jpmorgan Small CapPairCorr
  0.69JPHSX Jpmorgan Floating RatePairCorr
  0.7JPHRX Jpmorgan Floating RatePairCorr
  0.81JPPEX Jpmorgan Mid CapPairCorr
  0.97JPRRX Jpmorgan SmartretirementPairCorr
  1.0JPTBX Jpmorgan Smartretirement*PairCorr
  0.97JPTKX Jpmorgan Smartretirement*PairCorr
  0.97JPTLX Jpmorgan Smartretirement*PairCorr
  0.97JPSRX Jpmorgan Smartretirement*PairCorr
  0.97JPYRX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.51OBBCX Jpmorgan Mortgage-backedPairCorr
  0.48OBDCX Jpmorgan E PlusPairCorr
  0.52OBOCX Jpmorgan E BondPairCorr
  0.51PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis

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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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