Jensen Portfolio Correlations

Mutual Funds . USA . 
Fund . The Jensen Portfolio
JENIX Fund  USD 58.98  0.09  0.15%   
The current 90-days correlation between Jensen Portfolio and Bond Fund Of is 0.08 (i.e., Significant diversification). The correlation of Jensen Portfolio 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.

Jensen Portfolio Correlation With Market

Good diversification

The correlation between The Jensen Portfolio and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Jensen Portfolio 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 The Jensen Portfolio. 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 gross domestic product.

Moving together with Jensen Mutual Fund

  0.96JENRX Jensen PortfolioPairCorr
  0.96JENSX Jensen PortfolioPairCorr
  0.96JENYX Jensen PortfolioPairCorr
  0.96JGQSX Jensen Global QualityPairCorr
  0.96JGQIX Jensen Global QualityPairCorr
  0.86JNVIX Jensen Quality ValuePairCorr
  0.86JNVSX Jensen Quality ValuePairCorr
  0.86JNVYX Jensen Quality ValuePairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.91VIIIX Vanguard InstitutionalPairCorr
  0.86SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.87SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.81TTEEX T Rowe PricePairCorr
  0.81TREMX T Rowe PricePairCorr
  0.89FIKGX Fidelity Advisor SemPairCorr
  0.87ONERX One Rock Fund Steady GrowthPairCorr
  0.88FELCX Fidelity Advisor SemPairCorr
  0.88FELIX Fidelity Advisor SemPairCorr
  0.88FSELX Fidelity Select SemiPairCorr
  0.89FELAX Fidelity Advisor SemPairCorr
  0.95ERBIX Eaton Vance RichardPairCorr
  0.81ARBNX Arbitrage FundPairCorr
  0.89RYSEX Royce Special EquityPairCorr
  0.88REBYX Us Small CapPairCorr
  0.86PACEX T Rowe PricePairCorr
  0.87ABHIX High Yield FundPairCorr
  0.84SCETX Ridgeworth Ceredex SmallPairCorr
  0.81FRIFX Fidelity Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jensen Mutual Fund performing well and Jensen Portfolio 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 Jensen Portfolio'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.

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