Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement Blend
JTYBX Fund  USD 33.89  0.14  0.41%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2035 is 0.11 (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 Blend and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement Blend 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 Blend. 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 bureau of labor statistics.

Moving together with Jpmorgan Mutual Fund

  0.63SRJIX Jpmorgan SmartretirementPairCorr
  0.79SRJQX Jpmorgan SmartretirementPairCorr
  0.78SRJPX Jpmorgan SmartretirementPairCorr
  0.63SRJSX Jpmorgan SmartretirementPairCorr
  0.8SRJYX Jpmorgan SmartretirementPairCorr
  0.61SRJZX Jpmorgan SmartretirementPairCorr
  0.76SRJCX Jpmorgan SmartretirementPairCorr
  0.62SRJAX Jpmorgan SmartretirementPairCorr
  0.78OSGCX Jpmorgan Small CapPairCorr
  0.83JPBRX Jpmorgan SmartretirementPairCorr
  0.7JPDVX Jpmorgan DiversifiedPairCorr
  0.69JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.81JPRRX Jpmorgan SmartretirementPairCorr
  0.84JPTBX Jpmorgan SmartretirementPairCorr
  0.82JPTKX Jpmorgan SmartretirementPairCorr
  0.82JPTLX Jpmorgan SmartretirementPairCorr
  0.82JPSRX Jpmorgan SmartretirementPairCorr
  0.98JPYRX 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.
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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