Jpmorgan Investor Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Investor Growth
JFBUX Fund  USD 19.39  0.07  0.36%   
The current 90-days correlation between Jpmorgan Investor Growth and Dreyfusnewton International Equity is 0.43 (i.e., Very weak diversification). The correlation of Jpmorgan Investor 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 Investor Correlation With Market

Very poor diversification

The correlation between Jpmorgan Investor Growth and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Investor Growth 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 Investor Growth. 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 employment.

Moving together with Jpmorgan Mutual Fund

  0.92SRJIX Jpmorgan SmartretirementPairCorr
  0.92SRJQX Jpmorgan SmartretirementPairCorr
  0.91SRJPX Jpmorgan SmartretirementPairCorr
  0.92SRJSX Jpmorgan SmartretirementPairCorr
  0.93SRJYX Jpmorgan SmartretirementPairCorr
  0.9SRJZX Jpmorgan SmartretirementPairCorr
  0.9SRJCX Jpmorgan SmartretirementPairCorr
  0.91SRJAX Jpmorgan SmartretirementPairCorr
  0.8OSGCX Jpmorgan Small CapPairCorr
  0.86OSGIX Jpmorgan Mid CapPairCorr
  0.89JPBRX Jpmorgan SmartretirementPairCorr
  0.92JPDVX Jpmorgan DiversifiedPairCorr
  0.86JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.69JPIVX Jpmorgan Intrepid ValuePairCorr
  0.8OSVCX Jpmorgan Small CapPairCorr
  0.87JPPEX Jpmorgan Mid CapPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.92JPTBX Jpmorgan SmartretirementPairCorr
  0.89JPTKX Jpmorgan SmartretirementPairCorr
  0.88JPTLX Jpmorgan SmartretirementPairCorr
  0.89JPSRX Jpmorgan SmartretirementPairCorr
  0.89JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DFVEX
+ 0.89
SRFMX
FBMPX
+ 0.81
SRFMX
DODFX
+ 0.78
GMADX
FBMPX
+ 0.78
DFVEX
DODFX
+ 0.76
NIEYX
GMADX
+ 0.52
NIEYX
  
High negative correlations   
FBMPX
- 0.59
DODFX
DFVEX
- 0.46
DODFX
FBMPX
- 0.4
NIEYX
DODFX
- 0.37
SRFMX
FBMPX
- 0.27
GMADX
DFVEX
- 0.14
GMADX

Risk-Adjusted Indicators

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