# Jpmorgan Smartretirement Correlations

SRJZX Fund | USD 18.66 0.13 0.70% |

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

**0.94**(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.Jpmorgan |

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

1.0 | SRJIX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJQX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJPX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJSX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJYX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJCX | Jpmorgan Smartretirement | PairCorr |

1.0 | SRJAX | Jpmorgan Smartretirement | PairCorr |

0.92 | OSGCX | Jpmorgan Small Cap | PairCorr |

0.97 | OSGIX | Jpmorgan Mid Cap | PairCorr |

1.0 | JPBRX | Jpmorgan Smartretirement | PairCorr |

0.93 | JPDAX | Jpmorgan Preferred And | PairCorr |

0.93 | JPDIX | Jpmorgan Preferred And | PairCorr |

0.94 | JPDRX | Jpmorgan Preferred And | PairCorr |

1.0 | JPDVX | Jpmorgan Diversified | PairCorr |

0.97 | JPGSX | Jpmorgan Intrepid Growth | PairCorr |

0.82 | JPHAX | Jpmorgan Floating Rate | PairCorr |

0.83 | JPHCX | Jpmorgan Floating Rate | PairCorr |

0.65 | OSTCX | Jpmorgan Short Duration | PairCorr |

## Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

## 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.**Did you try this?**

### Run Portfolio Backtesting Now

## Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |

All Next | Launch Module |

## Already Invested in Jpmorgan Smartretirement 2035?

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 nation. Note that the Jpmorgan Smartretirement information on this page should be used as a complementary analysis to other Jpmorgan Smartretirement's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.