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.
  
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

  0.7VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.72VITSX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.7VSTSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.83VINIX Vanguard InstitutionalPairCorr
  0.83VIIIX Vanguard InstitutionalPairCorr
  0.76BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.67AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.64DIS Walt DisneyPairCorr
  0.63TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.72CSCO Cisco Systems Aggressive PushPairCorr
  0.63AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Jpmorgan Mutual Fund

  0.4VGTSX Vanguard Total InterPairCorr
  0.4VTIAX Vanguard Total InterPairCorr
  0.7PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.66KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.61MRK 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.