Jpmorgan Growth Correlations

JGVVX Fund  USD 46.29  0.13  0.28%   
The current 90-days correlation between Jpmorgan Growth Advantage and Nuveen Minnesota Municipal is -0.2 (i.e., Good diversification). The correlation of Jpmorgan Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Jpmorgan Growth Advantage and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Growth Advantage 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 Growth Advantage. 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 real.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.8SRJSX Jpmorgan SmartretirementPairCorr
  0.81SRJYX Jpmorgan SmartretirementPairCorr
  0.79SRJZX Jpmorgan SmartretirementPairCorr
  0.78SRJCX Jpmorgan SmartretirementPairCorr
  0.79SRJAX Jpmorgan SmartretirementPairCorr
  0.93OSGCX Jpmorgan Small CapPairCorr
  0.96OSGIX Jpmorgan Mid CapPairCorr
  0.82JPBRX Jpmorgan SmartretirementPairCorr
  0.62JPDIX Jpmorgan Preferred AndPairCorr
  0.62JPDRX Jpmorgan Preferred AndPairCorr
  0.77JPDVX Jpmorgan DiversifiedPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.9JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.9JPHRX Jpmorgan Floating RatePairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.8JPRRX Jpmorgan SmartretirementPairCorr
  0.89JPTBX Jpmorgan Smartretirement*PairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.77JPTLX Jpmorgan Smartretirement*PairCorr
  0.78JPSRX Jpmorgan Smartretirement*PairCorr
  0.79JPYRX Jpmorgan Smartretirement*PairCorr
  0.93PGSGX Jpmorgan Small CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.49OSTCX Jpmorgan Short DurationPairCorr
  0.47JPVZX Jpmorgan InternationalPairCorr
  0.45JPVRX Jpmorgan InternationalPairCorr
  0.4OSTAX Jpmorgan Short InterPairCorr
  0.73OBOCX Jpmorgan E BondPairCorr
  0.73PGBOX Jpmorgan E BondPairCorr
  0.55JSDSX Jpmorgan Short DurationPairCorr
  0.54JSDRX Jpmorgan Short DurationPairCorr
  0.53JSEAX 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 Growth 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 Growth'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.