Jhn Hk Correlations

Mutual Funds . USA . 
Fund . Jhn Hk Modr
JELMX Fund  USD 10.45  0.02  0.19%   
The current 90-days correlation between Jhn Hk Modr and Hennessy Nerstone Mid is 0.76 (i.e., Poor diversification). The correlation of Jhn Hk 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.

Jhn Hk Correlation With Market

Poor diversification

The correlation between Jhn Hk Modr and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhn Hk Modr and DJI 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 Jhn Hk Modr. 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 population.

Moving together with Jhn Mutual Fund

  0.95VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.75NHS Neuberger Berman HighPairCorr
  0.91PFE Pfizer IncPairCorr
  0.63XOM Exxon Mobil CorpPairCorr
  0.88AA Alcoa CorpPairCorr
  0.9DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.92IBM International Business Earnings Call TomorrowPairCorr
  0.9DIS Walt DisneyPairCorr
  0.86CVX Chevron CorpPairCorr
  0.97CAT CaterpillarPairCorr
  0.88BA Boeing Earnings Call This WeekPairCorr
  0.94MSFT Microsoft Aggressive PushPairCorr

Moving against Jhn Mutual Fund

  0.51KO Coca Cola Earnings Call TodayPairCorr
  0.46VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jhn Mutual Fund performing well and Jhn Hk 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 Jhn Hk'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY