Jpmorgan Investor Correlations

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The current 90-days correlation between Jpmorgan Investor and Amg Managers Montag is 0.86 (i.e., Very poor diversification). The correlation of Jpmorgan Investor 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 Investor Correlation With Market

Poor diversification

The correlation between Jpmorgan Investor Balanced and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Investor Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Jpmorgan Investor Balanced. 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 census.

Moving together with Jpmorgan Mutual Fund

0.98	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJPX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.84	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.98	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.73	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.95	JPDVX	Jpmorgan Diversified	Pair Corr
0.7	JPGSX	Jpmorgan Intrepid Growth	Pair Corr
0.75	JPIVX	Jpmorgan Intrepid Value	Pair Corr
0.8	OSVCX	Jpmorgan Small Cap	Pair Corr
0.75	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.81	JPRRX	Jpmorgan Smartretirement	Pair Corr
0.78	JPTBX	Jpmorgan Smartretirement	Pair Corr
0.81	JPTKX	Jpmorgan Smartretirement	Pair Corr
0.81	JPTLX	Jpmorgan Smartretirement	Pair Corr
0.81	JPSRX	Jpmorgan Smartretirement	Pair Corr
0.8	JPYRX	Jpmorgan Smartretirement	Pair Corr

Related Correlations Analysis

	MCGIX	SAPYX	SAIFX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
MCGIX		0.8	0.6	0.0	0.48	0.61	0.09	0.53	-0.04	0.34	MCGIX
SAPYX	0.8		0.72	0.0	0.43	0.51	0.12	0.4	0.01	0.37	SAPYX
SAIFX	0.6	0.72		0.0	0.36	0.58	0.57	0.53	0.41	0.73	SAIFX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.48	0.43	0.36	0.0		0.49	-0.26	0.74	-0.26	-0.04	MSTSX
LBHIX	0.61	0.51	0.58	0.0	0.49		0.29	0.77	0.19	0.36	LBHIX
VIASP	0.09	0.12	0.57	0.0	-0.26	0.29		0.22	0.84	0.77	VIASP
RRTLX	0.53	0.4	0.53	0.0	0.74	0.77	0.22		0.16	0.19	RRTLX
OSHDF	-0.04	0.01	0.41	0.0	-0.26	0.19	0.84	0.16		0.6	OSHDF
70082LAB3	0.34	0.37	0.73	0.0	-0.04	0.36	0.77	0.19	0.6		70082LAB3
	MCGIX	SAPYX	SAIFX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OSHDF	+ 0.84	VIASP
SAPYX	+ 0.8	MCGIX
RRTLX	+ 0.77	LBHIX
70082LAB3	+ 0.77	VIASP
RRTLX	+ 0.74	MSTSX
70082LAB3	+ 0.73	SAIFX

High negative correlations

OSHDF	- 0.26	MSTSX
VIASP	- 0.26	MSTSX
70082LAB3	- 0.04	MSTSX
OSHDF	- 0.04	MCGIX
70082LAB3	- 0.0	AQUI
OSHDF	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Investor 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 Investor'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
MCGIX	0.78	(0.12)	0.00	(0.14)	0.00	0.00	1.26	(2.03)	11.20
SAPYX	0.65	(0.10)	0.00	(0.09)	0.00	0.00	0.83	(1.29)	11.61
SAIFX	0.52	(0.02)	0.00	(0.10)	0.00	0.00	1.03	(0.84)	4.55
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.03)	0.00	(0.53)	0.00	0.00	1.21	(1.00)	2.80
LBHIX	0.10	(0.02)	0.00	(0.39)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.76	0.15	0.09	(0.95)	1.05	(0.85)	2.00	(1.20)	6.28
RRTLX	0.24	(0.02)	0.00	(0.39)	0.00	0.00	0.48	(0.48)	1.36
OSHDF	46.68	24.44	0.00	(1.47)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.63	0.11	0.09	0.85	0.81	(0.79)	1.75	(0.74)	6.86

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