Jpmorgan Preferred Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Preferred And
JPDAX Fund  USD 9.71  0.01  0.10%   
The current 90-days correlation between Jpmorgan Preferred And and Jpmorgan Smartretirement 2035 is 0.22 (i.e., Modest diversification). The correlation of Jpmorgan Preferred 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 Preferred Correlation With Market

Average diversification

The correlation between Jpmorgan Preferred And and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Preferred And 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 Preferred And. 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

  0.79SRJIX Jpmorgan SmartretirementPairCorr
  0.78SRJQX Jpmorgan SmartretirementPairCorr
  0.78SRJPX Jpmorgan SmartretirementPairCorr
  0.79SRJSX Jpmorgan SmartretirementPairCorr
  0.79SRJYX Jpmorgan SmartretirementPairCorr
  0.78SRJZX Jpmorgan SmartretirementPairCorr
  0.78SRJCX Jpmorgan SmartretirementPairCorr
  0.78SRJAX Jpmorgan SmartretirementPairCorr
  0.79JPBRX Jpmorgan Smartretirement*PairCorr
  0.99JPDIX Jpmorgan Preferred AndPairCorr
  1.0JPDRX Jpmorgan Preferred AndPairCorr
  0.72JPDVX Jpmorgan DiversifiedPairCorr
  0.66JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.78JPRRX Jpmorgan SmartretirementPairCorr
  0.77JPTBX Jpmorgan SmartretirementPairCorr
  0.79JPTKX Jpmorgan SmartretirementPairCorr
  0.78JPTLX Jpmorgan SmartretirementPairCorr
  0.79JPSRX Jpmorgan SmartretirementPairCorr
  0.79JPYRX Jpmorgan SmartretirementPairCorr
  0.67EMREX Jpmorgan Trust IvPairCorr
  0.67EMRSX Jpmorgan Emerging MarketsPairCorr

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 Preferred 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 Preferred'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  0.39 (0.03)(0.16) 0.08  0.44 
(0.41)
 0.86 
(0.80)
 2.35 
SRJQX  0.39 (0.03)(0.16) 0.07  0.44 
(0.41)
 0.90 
(0.80)
 2.40 
SRJPX  0.39 (0.03)(0.16) 0.07  0.48 
(0.40)
 0.87 
(0.81)
 2.39 
SRJSX  0.39 (0.03)(0.17) 0.07  0.45 
(0.40)
 0.86 
(0.80)
 2.35 
SRJYX  0.39 (0.03)(0.16) 0.08  0.45 
(0.42)
 0.86 
(0.80)
 2.39 
SRJZX  0.38 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.87 
(0.77)
 2.44 
SRJCX  0.39 (0.03)(0.17) 0.07  0.47 
(0.43)
 0.88 
(0.82)
 2.42 
SRJAX  0.39 (0.03)(0.17) 0.07  0.47 
(0.41)
 0.86 
(0.81)
 2.38 
OSGCX  0.88 (0.02) 0.02  0.11  1.05 
(0.95)
 1.96 
(1.81)
 6.63 
OSGIX  0.73  0.08  0.09  0.20  0.74 
(0.80)
 1.58 
(1.74)
 5.03 

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