Jpmorgan Smartretirement Correlations

Mutual Funds . USA . 
Fund . Jpmorgan Smartretirement 2040
SMTAX Fund  USD 23.19  0.01  0.04%   
The current 90-days correlation between Jpmorgan Smartretirement and Jpmorgan Smartretirement 2030 is 0.98 (i.e., Almost no diversification). The correlation of Jpmorgan Smartretirement 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 Smartretirement Correlation With Market

Poor diversification

The correlation between Jpmorgan Smartretirement 2040 and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2040 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Jpmorgan Smartretirement 2040. 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 nation.

Moving together with Jpmorgan Mutual Fund

  1.0SRJIX Jpmorgan SmartretirementPairCorr
  1.0SRJQX Jpmorgan SmartretirementPairCorr
  0.9SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  1.0SRJYX Jpmorgan SmartretirementPairCorr
  0.99SRJZX Jpmorgan SmartretirementPairCorr
  0.9SRJCX Jpmorgan SmartretirementPairCorr
  0.99SRJAX Jpmorgan SmartretirementPairCorr
  0.71OSGCX Jpmorgan Small CapPairCorr
  0.78OSGIX Jpmorgan Mid CapPairCorr
  0.99JPBRX Jpmorgan Smartretirement*PairCorr
  0.79JPDAX Jpmorgan Preferred AndPairCorr
  0.8JPDIX Jpmorgan Preferred AndPairCorr
  0.76JPDRX Jpmorgan Preferred AndPairCorr
  0.96JPDVX Jpmorgan DiversifiedPairCorr
  0.88JPGSX Jpmorgan Intrepid GrowthPairCorr
  0.67JPHAX Jpmorgan Floating RatePairCorr
  0.65JPHCX Jpmorgan Floating RatePairCorr
  0.84JPIVX Jpmorgan Intrepid ValuePairCorr
  0.77OSVCX Jpmorgan Small CapPairCorr
  0.65JPHSX Jpmorgan Floating RatePairCorr
  0.65JPHRX Jpmorgan Floating RatePairCorr
  0.8JPPEX Jpmorgan Mid CapPairCorr
  0.89JPRRX Jpmorgan SmartretirementPairCorr
  0.91JPTBX Jpmorgan Smartretirement*PairCorr
  0.99JPTKX Jpmorgan Smartretirement*PairCorr
  0.98JPTLX Jpmorgan Smartretirement*PairCorr
  0.99JPSRX Jpmorgan Smartretirement*PairCorr
  0.99JPYRX Jpmorgan Smartretirement*PairCorr

Moving against Jpmorgan Mutual Fund

  0.44OBBCX Jpmorgan Mortgage-backedPairCorr
  0.42OBDCX Jpmorgan E PlusPairCorr
  0.45OBOCX Jpmorgan E BondPairCorr
  0.44PGBOX Jpmorgan E BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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