Jpmorgan Strategic Correlations

JSOZX Fund

USD 11.49 0.01 0.09%

The current 90-days correlation between Jpmorgan Strategic Income and Blackrock Strategic Income is -0.51 (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 -0.13 (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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jpmorgan Strategic Income. 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

0.91	JPHAX	Jpmorgan Floating Rate	Pair Corr
0.92	JPHCX	Jpmorgan Floating Rate	Pair Corr
0.93	JPHSX	Jpmorgan Floating Rate	Pair Corr
0.92	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.79	JPVRX	Jpmorgan International	Pair Corr
0.79	JPVZX	Jpmorgan International	Pair Corr

Moving against Jpmorgan Mutual Fund

0.76	JPICX	Jpmorgan California Tax	Pair Corr
0.75	OSTAX	Jpmorgan Short Inter	Pair Corr
0.74	OSGCX	Jpmorgan Small Cap	Pair Corr
0.69	OSTSX	Jpmorgan Short Inter	Pair Corr
0.61	OSGIX	Jpmorgan Mid Cap	Pair Corr
0.46	JPPEX	Jpmorgan Mid Cap	Pair Corr
0.33	OBBCX	Jpmorgan Mortgage	Pair Corr
0.79	STMCX	Jpmorgan Short-intermedia	Pair Corr
0.73	PGSGX	Jpmorgan Small Cap	Pair Corr
0.61	ODMCX	Jpmorgan Intrepid Mid	Pair Corr
0.36	OBOCX	Jpmorgan E Bond	Pair Corr

Related Correlations Analysis

	BSIKX	BSIIX	JSORX	JSOZX	JSOCX	JSOSX	PMZCX
BSIKX		0.99	0.07	0.07	0.05	0.08	0.98	BSIKX
BSIIX	0.99		0.0	0.0	-0.02	0.01	0.97	BSIIX
JSORX	0.07	0.0		1.0	1.0	1.0	0.12	JSORX
JSOZX	0.07	0.0	1.0		1.0	1.0	0.12	JSOZX
JSOCX	0.05	-0.02	1.0	1.0		1.0	0.1	JSOCX
JSOSX	0.08	0.01	1.0	1.0	1.0		0.13	JSOSX
PMZCX	0.98	0.97	0.12	0.12	0.1	0.13		PMZCX
	BSIKX	BSIIX	JSORX	JSOZX	JSOCX	JSOSX	PMZCX

Click cells to compare fundamentals

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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

JSOZX	+ 1.0	JSORX
JSOCX	+ 1.0	JSORX
JSOSX	+ 1.0	JSORX
JSOCX	+ 1.0	JSOZX
JSOSX	+ 1.0	JSOZX
JSOSX	+ 1.0	JSOCX

High negative correlations

JSOCX	- 0.02	BSIIX
JSOZX	- 0.0	BSIIX
JSORX	- 0.0	BSIIX

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
BSIKX	0.16	0.00	0.00	0.00	0.18	(0.18)	0.32	(0.32)	0.86
BSIIX	0.17	0.00	(0.01)	(0.12)	0.20	(0.18)	0.32	(0.43)	0.75
JSORX	0.05	0.02	0.16	(0.59)	0.00	(0.11)	0.17	(0.09)	0.26
JSOZX	0.05	0.02	0.15	(1.11)	0.00	(0.10)	0.17	(0.09)	0.26
JSOCX	0.05	0.01	0.12	(0.77)	0.00	(0.10)	0.09	(0.09)	0.27
JSOSX	0.05	0.02	0.00	(1.44)	0.00	0.00	0.09	(0.09)	0.26
PMZCX	0.18	0.00	0.00	0.00	0.20	(0.26)	0.44	(0.43)	1.19

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