Jpmorgan Correlations

JUEPX Fund  USD 27.22  0.14  0.52%   
The current 90-days correlation between Jpmorgan Equity and Jpmorgan Equity Fund is 1.0 (i.e., No risk reduction). The correlation of Jpmorgan 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Equity Fund. 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 american community survey.

Moving together with Jpmorgan Mutual Fund

  0.84SRJIX Jpmorgan SmartretirementPairCorr
  0.84SRJQX Jpmorgan SmartretirementPairCorr
  0.84SRJPX Jpmorgan SmartretirementPairCorr
  0.84SRJSX Jpmorgan SmartretirementPairCorr
  0.85SRJYX Jpmorgan SmartretirementPairCorr
  0.83SRJZX Jpmorgan SmartretirementPairCorr
  0.82SRJCX Jpmorgan SmartretirementPairCorr
  0.84SRJAX Jpmorgan SmartretirementPairCorr
  0.87OSGCX Jpmorgan Small CapPairCorr
  0.92OSGIX Jpmorgan Mid CapPairCorr
  0.76JPBRX Jpmorgan SmartretirementPairCorr
  0.62JPDAX Jpmorgan Preferred AndPairCorr
  0.66JPDIX Jpmorgan Preferred AndPairCorr
  0.65JPDRX Jpmorgan Preferred AndPairCorr
  0.71JPDVX Jpmorgan DiversifiedPairCorr
  0.96JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.92JPHAX Jpmorgan Floating RatePairCorr
  0.92JPHCX Jpmorgan Floating RatePairCorr
  0.94JPIVX Jpmorgan Intrepid ValuePairCorr
  0.86OSVCX Jpmorgan Small CapPairCorr
  0.91JPHSX Jpmorgan Floating RatePairCorr
  0.92JPHRX Jpmorgan Floating RatePairCorr
  0.93JPPEX Jpmorgan Mid CapPairCorr
  0.74JPRRX Jpmorgan SmartretirementPairCorr
  0.85JPTBX Jpmorgan Smartretirement*PairCorr
  0.81JPTKX Jpmorgan Smartretirement*PairCorr
  0.81JPTLX Jpmorgan Smartretirement*PairCorr
  0.81JPSRX Jpmorgan Smartretirement*PairCorr
  0.82JPYRX Jpmorgan Smartretirement*PairCorr
  0.87PGSGX Jpmorgan Small CapPairCorr

Moving against Jpmorgan Mutual Fund

  0.53OSTCX Jpmorgan Short DurationPairCorr
  0.43OSTAX Jpmorgan Short InterPairCorr
  0.33OSTSX Jpmorgan Short-intermediaPairCorr
  0.77OBOCX Jpmorgan E BondPairCorr
  0.76PGBOX Jpmorgan E BondPairCorr
  0.52STMCX Jpmorgan Short-intermediaPairCorr
  0.5JPVZX Jpmorgan InternationalPairCorr
  0.49JPVRX Jpmorgan InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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