Jpmorgan Smartretirement Correlations

SRJIX Fund  USD 18.95  0.09  0.47%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jpmorgan Smartretirement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jpmorgan Smartretirement 2035 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Almost no diversification

The correlation between Jpmorgan Smartretirement 2035 and NYA is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Smartretirement 2035 and NYA 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 2035. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
  
The ability to find closely correlated positions to Jpmorgan Smartretirement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jpmorgan Smartretirement when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jpmorgan Smartretirement - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jpmorgan Smartretirement 2035 to buy it.

Moving together with Jpmorgan Mutual Fund

  0.97SRJQX Jpmorgan SmartretirementPairCorr
  0.97SRJPX Jpmorgan SmartretirementPairCorr
  1.0SRJSX Jpmorgan SmartretirementPairCorr
  0.97SRJYX Jpmorgan SmartretirementPairCorr
  1.0SRJZX Jpmorgan SmartretirementPairCorr
  0.97SRJCX Jpmorgan SmartretirementPairCorr
  1.0SRJAX Jpmorgan SmartretirementPairCorr
  1.0JPDVX Jpmorgan DiversifiedPairCorr
  0.99JSIZX Jpmorgan SmartretirementPairCorr
  1.0JTSQX Jp Morgan SmartretirementPairCorr
  0.95JYHRX Jpmorgan High YieldPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.97JHDRX Jpmorgan Hedged EquityPairCorr
  0.96JHEQX Jpmorgan Hedged EquityPairCorr
  0.97JHQAX Jpmorgan Hedged EquityPairCorr
  0.97JHQCX Jpmorgan Hedged EquityPairCorr
  0.96JICAX Jpmorgan IntrepidPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Jpmorgan Smartretirement without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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The danger of trading Jpmorgan Smartretirement 2035 is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Jpmorgan Smartretirement is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Jpmorgan Smartretirement. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Jpmorgan Smartretirement is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Jpmorgan Smartretirement 2035. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Jpmorgan Smartretirement's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jpmorgan Smartretirement is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jpmorgan Smartretirement's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.