Jpmorgan Mid Correlations

JPPEX Fund

USD 71.07 0.15 0.21%

The current 90-days correlation between Jpmorgan Mid Cap and Champlain Mid Cap is 0.86 (i.e., Very poor diversification). The correlation of Jpmorgan Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Jpmorgan Mid Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Mid Cap 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 Mid Cap. 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 income.

Moving together with Jpmorgan Mutual Fund

0.74	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.74	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.73	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.74	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.75	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.72	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.71	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.73	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.95	OSGCX	Jpmorgan Small Cap	Pair Corr
0.99	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.72	JPBRX	Jpmorgan Smartretirement*	Pair Corr
0.66	JPDVX	Jpmorgan Diversified	Pair Corr
0.94	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.89	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.91	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.99	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.94	OSVCX	Jpmorgan Small Cap	Pair Corr
0.9	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.9	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.7	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.81	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.72	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.71	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.72	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.72	JPYRX	Jpmorgan Smartretirement	Pair Corr

Moving against Jpmorgan Mutual Fund

0.74	OBBCX	Jpmorgan Mortgage	Pair Corr
0.73	OBDCX	Jpmorgan E Plus	Pair Corr
0.42	OSTCX	Jpmorgan Short Duration	Pair Corr
0.4	OSTAX	Jpmorgan Short Inter	Pair Corr
0.36	JPICX	Jpmorgan California Tax	Pair Corr
0.75	OBOCX	Jpmorgan E Bond	Pair Corr
0.75	PGBOX	Jpmorgan E Bond	Pair Corr
0.6	JPVZX	Jpmorgan International	Pair Corr
0.59	JPVRX	Jpmorgan International	Pair Corr
0.5	STMCX	Jpmorgan Short-intermedia	Pair Corr

Related Correlations Analysis

	CIPMX	LANIX	QUAIX	KSCYX	TGVVX	VGIAX	HSUAX
CIPMX		0.92	0.94	0.93	0.92	0.92	0.91	CIPMX
LANIX	0.92		0.97	0.87	0.98	0.98	0.97	LANIX
QUAIX	0.94	0.97		0.89	0.96	0.97	0.96	QUAIX
KSCYX	0.93	0.87	0.89		0.93	0.92	0.92	KSCYX
TGVVX	0.92	0.98	0.96	0.93		0.99	0.98	TGVVX
VGIAX	0.92	0.98	0.97	0.92	0.99		0.98	VGIAX
HSUAX	0.91	0.97	0.96	0.92	0.98	0.98		HSUAX
	CIPMX	LANIX	QUAIX	KSCYX	TGVVX	VGIAX	HSUAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Mid 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 Mid'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
CIPMX	0.66	0.02	0.01	0.14	0.71	(0.70)	1.24	(1.23)	4.05
LANIX	0.50	(0.02)	(0.07)	0.09	0.55	(0.55)	0.99	(0.87)	3.06
QUAIX	0.94	0.02	0.05	0.13	1.03	(1.00)	1.92	(2.14)	6.76
KSCYX	1.28	0.54	0.30	0.63	1.15	(1.49)	3.29	(2.03)	13.94
TGVVX	0.72	0.00	0.00	0.12	1.04	(0.67)	1.47	(1.84)	4.86
VGIAX	0.57	0.00	(0.02)	0.12	0.69	(0.62)	1.25	(1.44)	4.06
HSUAX	0.72	0.05	0.06	0.17	0.71	(0.85)	1.43	(1.41)	4.58

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