Jpmorgan Growth Correlations
JGVVX Fund | USD 46.42 0.59 1.29% |
The current 90-days correlation between Jpmorgan Growth Advantage and Nuveen High Income is -0.03 (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 0.6 (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.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
0.75 | OSGCX | Jpmorgan Small Cap | PairCorr |
0.82 | OSGIX | Jpmorgan Mid Cap | PairCorr |
0.79 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |
0.9 | JPHAX | Jpmorgan Floating Rate | PairCorr |
0.9 | JPHCX | Jpmorgan Floating Rate | PairCorr |
0.8 | JPIVX | Jpmorgan Intrepid Value | PairCorr |
0.77 | OSVCX | Jpmorgan Small Cap | PairCorr |
0.9 | JPHSX | Jpmorgan Floating Rate | PairCorr |
0.9 | JPHRX | Jpmorgan Floating Rate | PairCorr |
0.96 | JPPEX | Jpmorgan Mid Cap | PairCorr |
0.77 | JPTLX | Jpmorgan Smartretirement* | PairCorr |
Moving against Jpmorgan Mutual Fund
0.64 | OBDCX | Jpmorgan E Plus | PairCorr |
0.63 | OBBCX | Jpmorgan Mortgage-backed | PairCorr |
0.58 | OSTCX | Jpmorgan Short Duration | PairCorr |
0.46 | OSTAX | Jpmorgan Short-intermedia | PairCorr |
0.39 | OSTSX | Jpmorgan Short-intermedia | PairCorr |
0.38 | JPICX | Jpmorgan California Tax | PairCorr |
0.67 | OBOCX | Jpmorgan E Bond | PairCorr |
0.66 | PGBOX | Jpmorgan E Bond | PairCorr |
0.5 | STMCX | Jpmorgan Short-intermedia | PairCorr |
0.49 | JPVRX | Jpmorgan International | PairCorr |
0.43 | JPVZX | Jpmorgan International | PairCorr |
Related Correlations Analysis
0.73 | 0.83 | 0.93 | 0.83 | 0.87 | 0.74 | FCSIX | ||
0.73 | 0.79 | 0.76 | 0.85 | 0.63 | 0.83 | NEAIX | ||
0.83 | 0.79 | 0.9 | 0.95 | 0.86 | 0.89 | AGTFX | ||
0.93 | 0.76 | 0.9 | 0.86 | 0.93 | 0.79 | PHDTX | ||
0.83 | 0.85 | 0.95 | 0.86 | 0.79 | 0.98 | PARCX | ||
0.87 | 0.63 | 0.86 | 0.93 | 0.79 | 0.7 | SGYAX | ||
0.74 | 0.83 | 0.89 | 0.79 | 0.98 | 0.7 | VGSTX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FCSIX | 0.11 | 0.03 | (0.58) | (14.11) | 0.00 | 0.30 | 0.75 | |||
NEAIX | 1.08 | 0.04 | (0.04) | 0.28 | 1.26 | 2.19 | 6.71 | |||
AGTFX | 0.51 | (0.03) | (0.11) | 0.08 | 0.61 | 1.15 | 3.06 | |||
PHDTX | 0.09 | 0.02 | (0.73) | 2.91 | 0.00 | 0.23 | 0.56 | |||
PARCX | 0.32 | (0.01) | (0.17) | 0.12 | 0.31 | 0.66 | 2.10 | |||
SGYAX | 0.12 | 0.02 | (0.66) | 0.45 | 0.00 | 0.28 | 1.12 | |||
VGSTX | 0.36 | (0.01) | (0.16) | 0.12 | 0.37 | 0.78 | 2.22 |