Jpmorgan Smartretirement Correlations

JNSAX Fund

USD 17.22 0.08 0.46%

The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.97 (i.e., Almost no diversification). 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

Modest diversification

The correlation between Jpmorgan Smartretirement 2025 and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2025 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 2025. 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

0.97	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.97	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.8	JPBRX	Jpmorgan Smartretirement	Pair Corr
0.75	JPDAX	Jpmorgan Preferred And	Pair Corr
0.76	JPDCX	Jpmorgan Preferred And	Pair Corr
0.74	JPDIX	Jpmorgan Preferred And	Pair Corr
0.75	JPDRX	Jpmorgan Preferred And	Pair Corr
0.97	JPDVX	Jpmorgan Diversified	Pair Corr
0.73	OSTAX	Jpmorgan Short Inter	Pair Corr
0.69	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.7	OSVCX	Jpmorgan Small Cap	Pair Corr
0.74	OSTSX	Jpmorgan Short Inter	Pair Corr
0.69	OBBCX	Jpmorgan Mortgage	Pair Corr
0.77	JPICX	Jpmorgan California Tax	Pair Corr
0.72	OBDCX	Jpmorgan E Plus	Pair Corr
0.82	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.71	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.8	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.81	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.8	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.75	JPVRX	Jpmorgan International	Pair Corr
0.74	JPVZX	Jpmorgan International	Pair Corr
0.69	OBOCX	Jpmorgan E Bond	Pair Corr
0.79	JPYRX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX
SRJIX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.52	0.7	SRJIX
SRJQX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.52	0.7	SRJQX
SRJPX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.5	0.69	SRJPX
SRJSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.51	0.7	SRJSX
SRJYX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.53	0.71	SRJYX
SRJZX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.49	0.69	SRJZX
SRJCX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.48	0.68	SRJCX
SRJAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.5	0.69	SRJAX
OSGCX	0.52	0.52	0.5	0.51	0.53	0.49	0.48	0.5		0.88	OSGCX
OSGIX	0.7	0.7	0.69	0.7	0.71	0.69	0.68	0.69	0.88		OSGIX
	SRJIX	SRJQX	SRJPX	SRJSX	SRJYX	SRJZX	SRJCX	SRJAX	OSGCX	OSGIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRJIX	0.40	(0.05)	0.00	(0.38)	0.00	0.00	0.81	(0.80)	3.13
SRJQX	0.40	(0.05)	0.00	(0.38)	0.00	0.00	0.81	(0.80)	3.13
SRJPX	0.40	(0.05)	0.00	(0.41)	0.00	0.00	0.83	(0.81)	3.09
SRJSX	0.40	(0.05)	0.00	(0.39)	0.00	0.00	0.85	(0.80)	3.09
SRJYX	0.40	(0.05)	0.00	(0.42)	0.00	0.00	0.85	(0.80)	3.08
SRJZX	0.40	(0.05)	0.00	(0.42)	0.00	0.00	0.83	(0.77)	3.09
SRJCX	0.40	(0.06)	0.00	(0.43)	0.00	0.00	0.84	(0.82)	3.13
SRJAX	0.40	(0.05)	0.00	(0.39)	0.00	0.00	0.82	(0.81)	3.12
OSGCX	0.94	0.03	0.01	0.11	1.25	(0.95)	1.78	(1.67)	8.87
OSGIX	0.95	(0.03)	0.00	(0.08)	0.00	0.00	1.55	(1.75)	11.84

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Jpmorgan Smartretirement Correlations

Jpmorgan Smartretirement Correlation With Market

Modest diversification

Moving together with Jpmorgan Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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