Jpmorgan Mid Correlations

JCMAX Fund  USD 68.95  0.27  0.39%   
The current 90-days correlation between Jpmorgan Mid Cap and Jpmorgan Smartretirement 2035 is 0.8 (i.e., Very poor diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid Cap. 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

  0.77SRJIX Jpmorgan SmartretirementPairCorr
  0.77SRJQX Jpmorgan SmartretirementPairCorr
  0.72SRJPX Jpmorgan SmartretirementPairCorr
  0.76SRJSX Jpmorgan SmartretirementPairCorr
  0.77SRJYX Jpmorgan SmartretirementPairCorr
  0.75SRJZX Jpmorgan SmartretirementPairCorr
  0.7SRJCX Jpmorgan SmartretirementPairCorr
  0.76SRJAX Jpmorgan SmartretirementPairCorr
  0.94OSGCX Jpmorgan Small CapPairCorr
  0.99OSGIX Jpmorgan Mid CapPairCorr
  0.75JPBRX Jpmorgan Smartretirement*PairCorr
  0.7JPDVX Jpmorgan DiversifiedPairCorr
  0.94JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.89JPHAX Jpmorgan Floating RatePairCorr
  0.9JPHCX Jpmorgan Floating RatePairCorr
  0.99JPIVX Jpmorgan Intrepid ValuePairCorr
  0.95OSVCX Jpmorgan Small CapPairCorr
  0.9JPHSX Jpmorgan Floating RatePairCorr
  0.9JPHRX Jpmorgan Floating RatePairCorr
  1.0JPPEX Jpmorgan Mid CapPairCorr
  0.69JPRRX Jpmorgan SmartretirementPairCorr
  0.79JPTBX Jpmorgan Smartretirement*PairCorr
  0.75JPTKX Jpmorgan Smartretirement*PairCorr
  0.74JPTLX Jpmorgan Smartretirement*PairCorr
  0.75JPSRX Jpmorgan Smartretirement*PairCorr
  0.75JPYRX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.71OBBCX Jpmorgan Mortgage-backedPairCorr
  0.7OBDCX Jpmorgan E PlusPairCorr
  0.52OSTCX Jpmorgan Short DurationPairCorr
  0.4OSTAX Jpmorgan Short-intermediaPairCorr
  0.72OBOCX Jpmorgan E BondPairCorr
  0.72PGBOX Jpmorgan E BondPairCorr
  0.58JPVZX Jpmorgan InternationalPairCorr
  0.56JPVRX Jpmorgan InternationalPairCorr
  0.48STMCX Jpmorgan Short-intermediaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Mid 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 Mid'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  0.38 (0.02)(0.13) 0.07  0.47 
 0.86 
 2.35 
SRJQX  0.38 (0.02)(0.13) 0.07  0.47 
 0.90 
 2.40 
SRJPX  0.39  0.04 (0.12) 9.54  0.46 
 0.87 
 2.39 
SRJSX  0.38 (0.02)(0.13) 0.06  0.48 
 0.86 
 2.35 
SRJYX  0.39 (0.02)(0.12) 0.06  0.48 
 0.86 
 2.39 
SRJZX  0.38 (0.02)(0.13) 0.06  0.47 
 0.87 
 2.44 
SRJCX  0.39  0.04 (0.12) 9.94  0.47 
 0.88 
 2.42 
SRJAX  0.38 (0.02)(0.13) 0.06  0.47 
 0.86 
 2.38 
OSGCX  0.88  0.12  0.03  0.75  1.04 
 1.96 
 6.63 
OSGIX  0.72  0.09  0.09  0.18  0.74 
 1.58 
 5.03