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.
Jpmorgan Correlation With Market
Poor diversification
The correlation between Jpmorgan Equity Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Equity Fund and DJI in the same portfolio, assuming nothing else is changed.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
0.7 | VTSAX | Vanguard Total Stock | PairCorr |
0.71 | VFIAX | Vanguard 500 Index | PairCorr |
0.7 | VTSMX | Vanguard Total Stock | PairCorr |
0.72 | VITSX | Vanguard Total Stock | PairCorr |
0.7 | VSMPX | Vanguard Total Stock | PairCorr |
0.7 | VSTSX | Vanguard Total Stock | PairCorr |
0.71 | VFINX | Vanguard 500 Index | PairCorr |
0.68 | VFFSX | Vanguard 500 Index | PairCorr |
0.83 | VINIX | Vanguard Institutional | PairCorr |
0.83 | VIIIX | Vanguard Institutional | PairCorr |
0.76 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.67 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.64 | DIS | Walt Disney | PairCorr |
0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.72 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Jpmorgan Mutual Fund
0.4 | VGTSX | Vanguard Total Inter | PairCorr |
0.4 | VTIAX | Vanguard Total Inter | PairCorr |
0.7 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.66 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
JUEZX | 0.49 | 0.07 | 0.06 | 0.23 | 0.39 | 1.10 | 4.67 | |||
JUSRX | 0.49 | 0.08 | 0.06 | 0.23 | 0.39 | 1.08 | 4.64 | |||
JMUEX | 0.50 | 0.16 | 0.05 | 2.37 | 0.39 | 1.12 | 4.64 | |||
JUESX | 0.50 | 0.15 | 0.05 | 2.27 | 0.40 | 1.08 | 4.66 | |||
JUEAX | 0.49 | 0.15 | 0.05 | 2.10 | 0.40 | 1.09 | 4.68 |