Jpmorgan Strategic Correlations
JSOCX Fund | USD 11.36 0.02 0.18% |
The current 90-days correlation between Jpmorgan Strategic Income and Blackrock Strategic Income is -0.54 (i.e., Excellent diversification). The correlation of Jpmorgan Strategic 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 Strategic Correlation With Market
Good diversification
The correlation between Jpmorgan Strategic Income and NYA is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jpmorgan Strategic Income and NYA in the same portfolio, assuming nothing else is changed.
Jpmorgan |
Moving together with Jpmorgan Mutual Fund
0.9 | JPHAX | Jpmorgan Floating Rate | PairCorr |
0.9 | JPHCX | Jpmorgan Floating Rate | PairCorr |
0.92 | JPHSX | Jpmorgan Floating Rate | PairCorr |
0.91 | JPHRX | Jpmorgan Floating Rate | PairCorr |
0.78 | JPVRX | Jpmorgan International | PairCorr |
0.77 | JPVZX | Jpmorgan International | PairCorr |
Moving against Jpmorgan Mutual Fund
0.76 | OSTAX | Jpmorgan Short Inter | PairCorr |
0.76 | JPICX | Jpmorgan California Tax | PairCorr |
0.75 | OSGCX | Jpmorgan Small Cap | PairCorr |
0.7 | OSTSX | Jpmorgan Short Inter | PairCorr |
0.62 | OSGIX | Jpmorgan Mid Cap | PairCorr |
0.47 | JPPEX | Jpmorgan Mid Cap | PairCorr |
0.36 | OBBCX | Jpmorgan Mortgage | PairCorr |
0.8 | STMCX | Jpmorgan Short-intermedia | PairCorr |
0.75 | PGSGX | Jpmorgan Small Cap | PairCorr |
0.63 | ODMCX | Jpmorgan Intrepid Mid | PairCorr |
0.39 | OBOCX | Jpmorgan E Bond | PairCorr |
0.32 | PGBOX | Jpmorgan E Bond | PairCorr |
Related Correlations Analysis
0.99 | 0.07 | 0.07 | 0.05 | 0.08 | 0.98 | BSIKX | ||
0.99 | 0.0 | 0.0 | -0.02 | 0.01 | 0.97 | BSIIX | ||
0.07 | 0.0 | 1.0 | 1.0 | 1.0 | 0.12 | JSORX | ||
0.07 | 0.0 | 1.0 | 1.0 | 1.0 | 0.12 | JSOZX | ||
0.05 | -0.02 | 1.0 | 1.0 | 1.0 | 0.1 | JSOCX | ||
0.08 | 0.01 | 1.0 | 1.0 | 1.0 | 0.13 | JSOSX | ||
0.98 | 0.97 | 0.12 | 0.12 | 0.1 | 0.13 | PMZCX | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Jpmorgan Mutual Fund performing well and Jpmorgan Strategic 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 Strategic'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 | ||
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BSIKX | 0.16 | 0.00 | 0.00 | 0.00 | 0.18 | 0.32 | 0.86 | |||
BSIIX | 0.17 | 0.00 | (0.01) | (0.12) | 0.20 | 0.32 | 0.75 | |||
JSORX | 0.05 | 0.02 | 0.16 | (0.59) | 0.00 | 0.17 | 0.26 | |||
JSOZX | 0.05 | 0.02 | 0.15 | (1.11) | 0.00 | 0.17 | 0.26 | |||
JSOCX | 0.05 | 0.01 | 0.12 | (0.77) | 0.00 | 0.09 | 0.27 | |||
JSOSX | 0.05 | 0.02 | 0.00 | (1.44) | 0.00 | 0.09 | 0.26 | |||
PMZCX | 0.18 | 0.00 | 0.00 | 0.00 | 0.20 | 0.44 | 1.19 |