Jpmorgan Equity Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Equity Fund
JUEQX Fund  USD 27.31  0.21  0.77%   
The current 90-days correlation between Jpmorgan Equity and Jpmorgan Smartretirement 2035 is 0.81 (i.e., Very poor diversification). The correlation of Jpmorgan Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Jpmorgan Equity Fund and DJI is 0.82 (i.e., Very 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 producer price index.

Moving together with Jpmorgan Mutual Fund

  0.8SRJIX Jpmorgan SmartretirementPairCorr
  0.8SRJQX Jpmorgan SmartretirementPairCorr
  0.79SRJPX Jpmorgan SmartretirementPairCorr
  0.8SRJSX Jpmorgan SmartretirementPairCorr
  0.81SRJYX Jpmorgan SmartretirementPairCorr
  0.78SRJZX Jpmorgan SmartretirementPairCorr
  0.74SRJCX Jpmorgan SmartretirementPairCorr
  0.79SRJAX Jpmorgan SmartretirementPairCorr
  0.92OSGCX Jpmorgan Small CapPairCorr
  0.95OSGIX Jpmorgan Mid CapPairCorr
  0.71JPDVX Jpmorgan DiversifiedPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.91JPHAX Jpmorgan Floating RatePairCorr
  0.91JPHCX Jpmorgan Floating RatePairCorr
  0.95JPIVX Jpmorgan Intrepid ValuePairCorr
  0.91OSVCX Jpmorgan Small CapPairCorr
  0.91JPHSX Jpmorgan Floating RatePairCorr
  0.91JPHRX Jpmorgan Floating RatePairCorr
  0.96JPPEX Jpmorgan Mid CapPairCorr
  0.75JPRRX Jpmorgan SmartretirementPairCorr
  0.87JPTBX Jpmorgan SmartretirementPairCorr
  0.76JPTKX Jpmorgan SmartretirementPairCorr
  0.75JPTLX Jpmorgan SmartretirementPairCorr
  0.74JPSRX Jpmorgan SmartretirementPairCorr
  0.77JPYRX Jpmorgan SmartretirementPairCorr

Moving against Jpmorgan Mutual Fund

  0.72OBBCX Jpmorgan MortgagePairCorr
  0.71OBDCX Jpmorgan E PlusPairCorr
  0.62OSTCX Jpmorgan Short DurationPairCorr
  0.43OSTAX Jpmorgan Short InterPairCorr
  0.34OSTSX Jpmorgan Short InterPairCorr
  0.73OBOCX Jpmorgan E BondPairCorr
  0.72PGBOX Jpmorgan E BondPairCorr
  0.54JPVZX Jpmorgan InternationalPairCorr
  0.52JPVRX Jpmorgan InternationalPairCorr
  0.49STMCX Jpmorgan Short InterPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Equity 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 Equity'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  0.35  0.01 (0.12) 0.14  0.29 
(0.39)
 0.86 
(0.66)
 2.35 
SRJQX  0.36  0.01 (0.12) 0.13  0.29 
(0.39)
 0.90 
(0.71)
 2.40 
SRJPX  0.35  0.01 (0.12) 0.13  0.30 
(0.39)
 0.87 
(0.68)
 2.39 
SRJSX  0.35  0.01 (0.12) 0.13  0.30 
(0.38)
 0.86 
(0.67)
 2.35 
SRJYX  0.36  0.01 (0.11) 0.13  0.30 
(0.40)
 0.86 
(0.66)
 2.39 
SRJZX  0.35  0.01 (0.12) 0.13  0.29 
(0.39)
 0.87 
(0.68)
 2.44 
SRJCX  0.35  0.05 (0.13) 0.88  0.32 
(0.40)
 0.88 
(0.68)
 2.42 
SRJAX  0.35  0.01 (0.12) 0.13  0.29 
(0.39)
 0.86 
(0.67)
 2.38 
OSGCX  0.85  0.14  0.06  0.61  0.85 
(0.96)
 1.96 
(1.59)
 6.63 
OSGIX  0.73  0.13  0.15  0.24  0.59 
(0.84)
 1.58 
(1.36)
 5.35 

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