The Jensen Correlations

Mutual Funds . USA . 
Fund . The Jensen Portfolio
JENSX Fund  USD 59.19  0.10  0.17%   
The current 90-days correlation between Jensen Portfolio and Clipper Fund Inc is 0.84 (i.e., Very poor diversification). The correlation of The Jensen 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.

The Jensen Correlation With Market

Almost no diversification

The correlation between The Jensen Portfolio and DJI is 0.94 (i.e., Almost no 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 state.

Moving together with The Mutual Fund

  0.74JENIX Jensen PortfolioPairCorr
  1.0JENRX Jensen PortfolioPairCorr
  1.0JENYX Jensen PortfolioPairCorr
  0.7JGQSX Jensen Global QualityPairCorr
  0.99JGQYX Jensen Global QualityPairCorr
  0.99JGQIX Jensen Global QualityPairCorr
  0.93JNVIX Jensen Quality ValuePairCorr
  0.93JNVSX Jensen Quality ValuePairCorr
  0.93JNVYX Jensen Quality ValuePairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.93VIIIX Vanguard InstitutionalPairCorr
  0.86SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.86SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.81TTEEX T Rowe PricePairCorr
  0.82TREMX T Rowe PricePairCorr
  0.88FIKGX 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
  0.88FELAX Fidelity Advisor SemPairCorr
  0.64WALSX Wasatch Longshort AlphaPairCorr
  0.89RYSEX Royce Special EquityPairCorr
  0.91REBYX Us Small CapPairCorr
  0.85PACEX T Rowe PricePairCorr
  0.88ABHIX High Yield FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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