Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JMYAX Fund  USD 33.77  0.25  0.75%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement Blend is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Average diversification

The correlation between Jpmorgan Smartretirement Blend and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Smartretirement Blend. 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

  0.64SRJIX Jpmorgan SmartretirementPairCorr
  0.64SRJQX Jpmorgan SmartretirementPairCorr
  0.63SRJPX Jpmorgan Smartretirement Potential GrowthPairCorr
  0.64SRJSX Jpmorgan SmartretirementPairCorr
  0.65SRJYX Jpmorgan Smartretirement Potential GrowthPairCorr
  0.62SRJZX Jpmorgan Smartretirement Potential GrowthPairCorr
  0.79SRJCX Jpmorgan SmartretirementPairCorr
  0.63SRJAX Jpmorgan SmartretirementPairCorr
  0.76OSGCX Jpmorgan Small CapPairCorr
  0.98JPBRX Jpmorgan SmartretirementPairCorr
  0.72JPDVX Jpmorgan DiversifiedPairCorr
  0.68JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.82JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan SmartretirementPairCorr
  0.83JPTKX Jpmorgan SmartretirementPairCorr
  0.83JPTLX Jpmorgan SmartretirementPairCorr
  0.83JPSRX Jpmorgan SmartretirementPairCorr
  0.84JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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