Jpmorgan Strategic Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Strategic Income
JSOZX Fund  USD 11.43  0.05  0.44%   
The current 90-days correlation between Jpmorgan Strategic Income and Ultra Short Fixed Income is 0.11 (i.e., Average diversification). The correlation of Jpmorgan Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Jpmorgan Strategic Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Strategic Income 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 Strategic Income. 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

  0.74OSGCX Jpmorgan Small CapPairCorr
  0.84OSGIX Jpmorgan Mid CapPairCorr
  0.86JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.96JPHAX Jpmorgan Floating RatePairCorr
  0.96JPHCX Jpmorgan Floating RatePairCorr
  0.81JPIVX Jpmorgan Intrepid ValuePairCorr
  0.69OSVCX Jpmorgan Small CapPairCorr
  0.97JPHSX Jpmorgan Floating RatePairCorr
  0.97JPHRX Jpmorgan Floating RatePairCorr
  0.82JPPEX Jpmorgan Mid CapPairCorr
  0.62JPTBX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.84OBBCX Jpmorgan Mortgage-backedPairCorr
  0.83OBDCX Jpmorgan E PlusPairCorr
  0.5OSTAX Jpmorgan Short-intermediaPairCorr
  0.5JPICX Jpmorgan California TaxPairCorr
  0.42OSTCX Jpmorgan Short DurationPairCorr
  0.4OSTSX Jpmorgan Short-intermediaPairCorr
  0.84OBOCX Jpmorgan E BondPairCorr
  0.84PGBOX Jpmorgan E BondPairCorr
  0.68JPVZX Jpmorgan InternationalPairCorr
  0.67JPVRX Jpmorgan InternationalPairCorr
  0.62STMCX Jpmorgan Short-intermediaPairCorr

Related Correlations Analysis

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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   
PATFX
+ 0.96
LTXFX
PBXIX
+ 0.75
SWSFX
HCHYX
+ 0.7
LTXFX
PATFX
+ 0.68
HCHYX
PRVHX
+ 0.54
HCHYX
PRVHX
+ 0.47
SWSFX
  
High negative correlations   
LTXFX
- 0.3
SWSFX
PBXIX
- 0.22
LTXFX
HCHYX
- 0.16
SWSFX
PATFX
- 0.13
SWSFX
PATFX
- 0.06
PBXIX

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Strategic 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 Strategic'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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