Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2025
JNSYX Fund  USD 17.27  0.05  0.29%   
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

Poor diversification

The correlation between Jpmorgan Smartretirement 2025 and DJI is 0.69 (i.e., Poor 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 manufacturing.

Moving together with Jpmorgan Mutual Fund

  0.94SRJIX Jpmorgan SmartretirementPairCorr
  0.95SRJQX Jpmorgan SmartretirementPairCorr
  0.95SRJPX Jpmorgan SmartretirementPairCorr
  0.95SRJSX Jpmorgan SmartretirementPairCorr
  0.94SRJYX Jpmorgan SmartretirementPairCorr
  0.95SRJZX Jpmorgan SmartretirementPairCorr
  0.83SRJCX Jpmorgan SmartretirementPairCorr
  0.95SRJAX Jpmorgan SmartretirementPairCorr
  0.85JPBRX Jpmorgan SmartretirementPairCorr
  0.62JPDAX Jpmorgan Preferred AndPairCorr
  0.61JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.62OSTSX Jpmorgan Short InterPairCorr
  0.69JPICX Jpmorgan California TaxPairCorr
  0.87JPRRX Jpmorgan SmartretirementPairCorr
  0.75JPTBX Jpmorgan SmartretirementPairCorr
  0.85JPTKX Jpmorgan SmartretirementPairCorr
  0.86JPTLX Jpmorgan SmartretirementPairCorr
  0.85JPSRX Jpmorgan SmartretirementPairCorr
  0.85JPYRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.86 
(0.80)
 3.51 
SRJQX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.90 
(0.80)
 3.56 
SRJPX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.87 
(0.81)
 3.53 
SRJSX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.86 
(0.80)
 3.52 
SRJYX  0.41 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.86 
(0.80)
 3.51 
SRJZX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.87 
(0.77)
 3.53 
SRJCX  0.41 (0.05) 0.00 (0.56) 0.00 
 0.00 
 0.88 
(0.82)
 3.18 
SRJAX  0.41 (0.06) 0.00 (0.09) 0.00 
 0.00 
 0.86 
(0.81)
 3.50 
OSGCX  0.93  0.02  0.00  0.11  1.21 
(0.97)
 1.90 
(1.67)
 6.63 
OSGIX  0.93 (0.04) 0.00 (0.01) 0.00 
 0.00 
 1.58 
(1.75)
 11.84 

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