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 0.05 (i.e., Significant 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 |
Moving together with Jpmorgan Mutual Fund
0.93 | OSGCX | Jpmorgan Small Cap | PairCorr |
0.96 | OSGIX | Jpmorgan Mid Cap | PairCorr |
0.82 | JPBRX | Jpmorgan Smartretirement | PairCorr |
0.62 | JPDIX | Jpmorgan Preferred And | PairCorr |
0.62 | JPDRX | Jpmorgan Preferred And | PairCorr |
0.77 | JPDVX | Jpmorgan Diversified | PairCorr |
1.0 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |
0.9 | JPHAX | Jpmorgan Floating Rate | PairCorr |
0.91 | JPHCX | Jpmorgan Floating Rate | PairCorr |
0.95 | JPIVX | Jpmorgan Intrepid Value | PairCorr |
0.91 | OSVCX | Jpmorgan Small Cap | PairCorr |
0.9 | JPHRX | Jpmorgan Floating Rate | PairCorr |
0.96 | JPPEX | Jpmorgan Mid Cap | PairCorr |
0.8 | JPRRX | Jpmorgan Smartretirement | PairCorr |
0.89 | JPTBX | Jpmorgan Smartretirement* | PairCorr |
0.78 | JPTKX | Jpmorgan Smartretirement* | PairCorr |
0.77 | JPTLX | Jpmorgan Smartretirement* | PairCorr |
0.78 | JPSRX | Jpmorgan Smartretirement* | PairCorr |
0.79 | JPYRX | Jpmorgan Smartretirement* | PairCorr |
0.93 | PGSGX | Jpmorgan Small Cap | PairCorr |
0.69 | JRBYX | Jpmorgan Smartretirement* | PairCorr |
0.71 | JRBEX | Jpmorgan Smartretirement* | PairCorr |
0.9 | JRJKX | Jpmorgan High Yield | PairCorr |
0.89 | JAABX | Jpmorgan Smartretirement | PairCorr |
0.94 | ODMCX | Jpmorgan Intrepid Mid | PairCorr |
0.89 | JACSX | Jpmorgan Smartretirement | PairCorr |
0.86 | JAKZX | Jpmorgan Smartretirement | PairCorr |
0.87 | JAKYX | Jpmorgan Smartretirement | PairCorr |
Moving against Jpmorgan Mutual Fund
0.49 | OSTCX | Jpmorgan Short Duration | PairCorr |
0.47 | JPVZX | Jpmorgan International | PairCorr |
0.45 | JPVRX | Jpmorgan International | PairCorr |
0.4 | OSTAX | Jpmorgan Short Inter | PairCorr |
0.73 | OBOCX | Jpmorgan E Bond | PairCorr |
0.73 | PGBOX | Jpmorgan E Bond | PairCorr |
0.55 | JSDSX | Jpmorgan Short Duration | PairCorr |
0.54 | JSDRX | Jpmorgan Short Duration | PairCorr |
0.53 | JSEAX | Jpmorgan International | PairCorr |
0.48 | STMCX | Jpmorgan Short-intermedia | PairCorr |
Related Correlations Analysis
0.91 | 0.81 | 0.89 | 0.97 | 0.91 | 0.96 | FYMNX | ||
0.91 | 0.94 | 0.96 | 0.9 | 0.99 | 0.97 | BSNSX | ||
0.81 | 0.94 | 0.93 | 0.77 | 0.94 | 0.92 | OWMBX | ||
0.89 | 0.96 | 0.93 | 0.9 | 0.98 | 0.95 | PATFX | ||
0.97 | 0.9 | 0.77 | 0.9 | 0.91 | 0.94 | FHYVX | ||
0.91 | 0.99 | 0.94 | 0.98 | 0.91 | 0.97 | TMNIX | ||
0.96 | 0.97 | 0.92 | 0.95 | 0.94 | 0.97 | TIMTX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FYMNX | 0.14 | 0.03 | (0.34) | (0.12) | 0.16 | 0.37 | 1.40 | |||
BSNSX | 0.09 | 0.00 | (0.45) | 0.04 | 0.11 | 0.19 | 0.88 | |||
OWMBX | 0.11 | 0.00 | (0.54) | 0.12 | 0.15 | 0.26 | 0.87 | |||
PATFX | 0.15 | 0.02 | (0.27) | (0.05) | 0.23 | 0.44 | 1.69 | |||
FHYVX | 0.17 | 0.03 | (0.24) | (0.11) | 0.22 | 0.44 | 1.88 | |||
TMNIX | 0.15 | 0.01 | (0.29) | (0.02) | 0.24 | 0.37 | 1.65 | |||
TIMTX | 0.15 | 0.02 | (0.33) | (0.06) | 0.20 | 0.37 | 1.40 |