Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2030
JSMIX Fund  USD 20.05  0.06  0.30%   
The current 90-days correlation between Jpmorgan Smartretirement and Baird Strategic Municipal is 0.16 (i.e., Average 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

Average diversification

The correlation between Jpmorgan Smartretirement 2030 and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2030 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 2030. 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 gross domestic product.

Moving together with Jpmorgan Mutual Fund

  0.88SRJIX Jpmorgan SmartretirementPairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.68SRJCX Jpmorgan SmartretirementPairCorr
  0.9JPBRX Jpmorgan SmartretirementPairCorr
  0.65JPDAX Jpmorgan Preferred AndPairCorr
  0.88JPDVX Jpmorgan DiversifiedPairCorr
  0.64OSVCX Jpmorgan Small CapPairCorr
  0.66JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan SmartretirementPairCorr
  0.65JPSRX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis

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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.

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