Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2050
JTSCX Fund  USD 22.54  0.16  0.71%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.93 (i.e., Almost no 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

Very poor diversification

The correlation between Jpmorgan Smartretirement 2050 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2050 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 2050. 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 main economic indicators.

Moving together with Jpmorgan Mutual Fund

  0.92SRJIX Jpmorgan SmartretirementPairCorr
  0.83SRJQX Jpmorgan SmartretirementPairCorr
  0.83SRJPX Jpmorgan SmartretirementPairCorr
  0.92SRJSX Jpmorgan SmartretirementPairCorr
  0.84SRJYX Jpmorgan SmartretirementPairCorr
  0.9SRJZX Jpmorgan SmartretirementPairCorr
  0.82SRJCX Jpmorgan SmartretirementPairCorr
  0.91SRJAX Jpmorgan SmartretirementPairCorr
  0.66OSGCX Jpmorgan Small CapPairCorr
  0.75OSGIX Jpmorgan Mid CapPairCorr
  0.94JPBRX Jpmorgan SmartretirementPairCorr
  0.94JPDVX Jpmorgan DiversifiedPairCorr
  0.79JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.61JPIVX Jpmorgan Intrepid ValuePairCorr
  0.72OSVCX Jpmorgan Small CapPairCorr
  0.77JPPEX Jpmorgan Mid CapPairCorr
  0.94JPRRX Jpmorgan SmartretirementPairCorr
  0.95JPTBX Jpmorgan SmartretirementPairCorr
  0.94JPTKX Jpmorgan SmartretirementPairCorr
  0.94JPTLX Jpmorgan SmartretirementPairCorr
  0.94JPSRX Jpmorgan SmartretirementPairCorr
  0.78JPYRX Jpmorgan SmartretirementPairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRJIX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.81 
(0.80)
 3.13 
SRJQX  0.40 (0.05) 0.00 (0.43) 0.00 
 0.00 
 0.81 
(0.80)
 3.13 
SRJPX  0.40 (0.05) 0.00 (0.47) 0.00 
 0.00 
 0.83 
(0.81)
 3.09 
SRJSX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.85 
(0.80)
 3.09 
SRJYX  0.40 (0.05) 0.00 (0.48) 0.00 
 0.00 
 0.85 
(0.80)
 3.08 
SRJZX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.83 
(0.77)
 3.09 
SRJCX  0.40 (0.05) 0.00 (0.50) 0.00 
 0.00 
 0.84 
(0.82)
 3.13 
SRJAX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.82 
(0.81)
 3.12 
OSGCX  0.92  0.00 (0.02) 0.05  1.22 
(0.94)
 1.78 
(1.67)
 8.87 
OSGIX  0.93 (0.05)(0.02) 0.00  2.00 
(0.84)
 1.55 
(1.75)
 11.84 

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