Johnson Core Correlations
JCPLX Fund | USD 12.81 0.04 0.31% |
The current 90-days correlation between Johnson Core Plus and T Rowe Price is -0.19 (i.e., Good diversification). The correlation of Johnson Core 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.
Johnson Core Correlation With Market
Very good diversification
The correlation between Johnson Core Plus and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Core Plus and DJI in the same portfolio, assuming nothing else is changed.
Johnson |
Moving together with Johnson Mutual Fund
0.67 | JEQIX | Johnson Equity Income | PairCorr |
0.89 | JIBSX | Johnson Mutual Funds | PairCorr |
0.83 | JIBDX | Johnson Institutional | PairCorr |
0.79 | JIBFX | Johnson Institutional | PairCorr |
0.87 | JIBEX | Johnson Institutional | PairCorr |
0.88 | JIMEX | Johnson Institutional | PairCorr |
0.83 | JIMDX | Johnson Institutional | PairCorr |
0.88 | JIMFX | Johnson Institutional | PairCorr |
0.69 | JOPPX | Johnson Opportunity | PairCorr |
0.66 | JOSSX | Johnson Opportunity | PairCorr |
0.81 | MWTNX | Metropolitan West Total | PairCorr |
0.71 | MWTSX | Metropolitan West Total | PairCorr |
0.79 | PTTPX | Pimco Total Return | PairCorr |
0.75 | PTRRX | Total Return | PairCorr |
0.75 | PTRAX | Total Return | PairCorr |
0.76 | PTTRX | Total Return | PairCorr |
0.79 | FIWGX | Strategic Advisers | PairCorr |
0.9 | DODIX | Dodge Income | PairCorr |
0.7 | MWTIX | Metropolitan West Total | PairCorr |
0.76 | MWTRX | Metropolitan West Total | PairCorr |
0.81 | MBOYX | Madison E Bond | PairCorr |
0.72 | WSCJX | Wells Fargo Small | PairCorr |
0.76 | RNDLX | Rivernorthdoubleline | PairCorr |
0.7 | FNIDX | Fidelity Intl Sustai | PairCorr |
0.67 | RYWVX | Emerging Markets | PairCorr |
0.69 | GMAHX | Gmo Usonian Japan | PairCorr |
0.7 | VHIAX | Jpmorgan Growth Advantage | PairCorr |
Related Correlations Analysis
0.91 | 1.0 | 0.96 | 1.0 | 0.96 | PAEIX | ||
0.91 | 0.93 | 0.96 | 0.92 | 0.97 | PASTX | ||
1.0 | 0.93 | 0.97 | 1.0 | 0.97 | PMIEX | ||
0.96 | 0.96 | 0.97 | 0.96 | 0.96 | NELIX | ||
1.0 | 0.92 | 1.0 | 0.96 | 0.96 | MSTFX | ||
0.96 | 0.97 | 0.97 | 0.96 | 0.96 | GMADX | ||
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Risk-Adjusted Indicators
There is a big difference between Johnson Mutual Fund performing well and Johnson Core 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 Johnson Core'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PAEIX | 0.86 | 0.15 | 0.04 | (3.45) | 1.32 | 1.41 | 8.50 | |||
PASTX | 1.41 | 0.22 | 0.10 | 0.24 | 1.89 | 2.71 | 16.29 | |||
PMIEX | 0.76 | 0.00 | 0.05 | 0.00 | 1.23 | 1.62 | 6.41 | |||
NELIX | 0.76 | 0.13 | 0.04 | (6.39) | 1.24 | 1.35 | 8.99 | |||
MSTFX | 0.82 | 0.14 | 0.03 | (2.23) | 1.25 | 1.61 | 8.04 | |||
GMADX | 0.82 | 0.08 | 0.04 | 0.17 | 1.40 | 1.78 | 8.63 |