Jpmorgan International Correlations

JPVRX Fund

USD 14.67 0.06 0.41%

The current 90-days correlation between Jpmorgan International and Victory Incore Fund is 0.11 (i.e., Average diversification). The correlation of Jpmorgan International 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 International Correlation With Market

Weak diversification

The correlation between Jpmorgan International Value and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan International Value 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 International Value. 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 metropolitan statistical area.

Moving together with Jpmorgan Mutual Fund

0.64	OSTAX	Jpmorgan Short Inter	Pair Corr
0.7	OBBCX	Jpmorgan Mortgage	Pair Corr
0.72	OBDCX	Jpmorgan E Plus	Pair Corr
1.0	JPVZX	Jpmorgan International	Pair Corr
0.71	OBOCX	Jpmorgan E Bond	Pair Corr

Moving against Jpmorgan Mutual Fund

0.7	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.69	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.68	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.67	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.62	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.59	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.54	OSGCX	Jpmorgan Small Cap	Pair Corr
0.54	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.48	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.47	OSVCX	Jpmorgan Small Cap	Pair Corr
0.54	PGSGX	Jpmorgan Small Cap	Pair Corr
0.48	ODMCX	Jpmorgan Intrepid Mid	Pair Corr
0.33	JRJYX	Jpmorgan High Yield	Pair Corr
0.32	JRJKX	Jpmorgan High Yield	Pair Corr

Related Correlations Analysis

	VFFCX	FALCX	LIOTX	APDTX	VISGX	LANIX
VFFCX		0.0	-0.72	-0.46	-0.61	-0.49	VFFCX
FALCX	0.0		0.0	0.0	0.0	0.0	FALCX
LIOTX	-0.72	0.0		0.88	0.93	0.89	LIOTX
APDTX	-0.46	0.0	0.88		0.91	0.96	APDTX
VISGX	-0.61	0.0	0.93	0.91		0.94	VISGX
LANIX	-0.49	0.0	0.89	0.96	0.94		LANIX
	VFFCX	FALCX	LIOTX	APDTX	VISGX	LANIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LANIX	+ 0.96	APDTX
LANIX	+ 0.94	VISGX
VISGX	+ 0.93	LIOTX
VISGX	+ 0.91	APDTX
LANIX	+ 0.89	LIOTX
APDTX	+ 0.88	LIOTX

High negative correlations

LIOTX	- 0.72	VFFCX
VISGX	- 0.61	VFFCX
LANIX	- 0.49	VFFCX
APDTX	- 0.46	VFFCX
LANIX	- 0.0	FALCX
VISGX	- 0.0	FALCX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan International 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 International'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
VFFCX	0.07	(0.01)	0.00	0.59	0.00	0.00	0.15	(0.15)	0.74
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIOTX	0.64	0.06	0.03	0.21	0.70	(0.75)	1.25	(1.28)	3.54
APDTX	0.78	0.03	0.01	0.16	1.01	(0.78)	1.73	(1.27)	5.07
VISGX	0.83	0.07	0.09	0.17	0.86	(0.96)	1.78	(1.50)	5.31
LANIX	0.50	(0.02)	(0.07)	0.09	0.55	(0.55)	0.99	(0.87)	3.06

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