Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2020
JTTAX Fund  USD 16.69  0.01  0.06%   
The current 90-days correlation between Jpmorgan Smartretirement and Ashmore Emerging Markets is 0.19 (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

Significant diversification

The correlation between Jpmorgan Smartretirement 2020 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2020 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 2020. 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

  0.76SRJIX Jpmorgan SmartretirementPairCorr
  0.76SRJQX Jpmorgan SmartretirementPairCorr
  0.85SRJPX Jpmorgan SmartretirementPairCorr
  0.77SRJSX Jpmorgan SmartretirementPairCorr
  0.76SRJYX Jpmorgan SmartretirementPairCorr
  0.77SRJZX Jpmorgan SmartretirementPairCorr
  0.86SRJCX Jpmorgan SmartretirementPairCorr
  0.77SRJAX Jpmorgan SmartretirementPairCorr
  0.78JPBRX Jpmorgan Smartretirement*PairCorr
  0.73JPDAX Jpmorgan Preferred AndPairCorr
  0.71JPDIX Jpmorgan Preferred AndPairCorr
  0.67JPDRX Jpmorgan Preferred AndPairCorr
  0.82JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPRRX Jpmorgan SmartretirementPairCorr
  0.76JPTBX Jpmorgan Smartretirement*PairCorr
  0.78JPTKX Jpmorgan Smartretirement*PairCorr
  0.79JPTLX Jpmorgan Smartretirement*PairCorr
  0.78JPSRX Jpmorgan Smartretirement*PairCorr
  0.78JPYRX Jpmorgan Smartretirement*PairCorr

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   
SUTXX
+ 0.71
ESDIX
SMAAX
+ 0.56
LDMAX
SUTXX
+ 0.47
LDMAX
LDMAX
+ 0.4
ESDIX
SUTXX
+ 0.29
WGOXX
WGOXX
+ 0.24
ESDIX
  
High negative correlations   
SMAAX
- 0.21
ESDIX
SMAAX
- 0.2
SUTXX

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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