Johnson Equity Correlations

JEQSX Fund

37.37 0.27 0.73%

The current 90-days correlation between Johnson Equity Income and Johnson Core Plus is -0.01 (i.e., Good diversification). The correlation of Johnson Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Johnson Equity Income and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Equity Income 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 Johnson Equity 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 state.

Moving together with Johnson Mutual Fund

0.65	JCPLX	Johnson Core Plus	Pair Corr
0.98	JENHX	Johnson Enhanced Return	Pair Corr
1.0	JEQIX	Johnson Equity Income	Pair Corr
0.79	JIBDX	Johnson Institutional	Pair Corr
0.7	JIBEX	Johnson Institutional	Pair Corr
0.69	JIMEX	Johnson Institutional	Pair Corr
0.79	JIMDX	Johnson Institutional	Pair Corr
0.98	JINTX	Johnson International	Pair Corr
0.64	JMUNX	Johnson Municipal Income	Pair Corr
0.97	JOPPX	Johnson Opportunity	Pair Corr
0.93	JOSSX	Johnson Opportunity	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.98	VIIIX	Vanguard Institutional	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.93	NPSAX	Nuveen Preferred Sec	Pair Corr
0.96	SRJAX	Jpmorgan Smartretirement	Pair Corr
0.99	GNSRX	Aberdeen Small Cap	Pair Corr
0.95	NREMX	Neuberger Berman Emerging	Pair Corr
0.71	FREAX	Nuveen Real Estate	Pair Corr
0.71	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.8	JADBX	John Hancock Variable	Pair Corr
0.96	DFIEX	International E Equity	Pair Corr
0.97	FNCMX	Fidelity Nasdaq Posite	Pair Corr
0.98	FXAIX	Fidelity 500 Index	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr
0.98	MDIZX	Mfs International	Pair Corr
0.68	IMAAX	Ivy Apollo Multi	Pair Corr

Related Correlations Analysis

	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX
JCPLX		0.73	0.65	0.65	0.9	0.89	0.91	0.98	0.98	0.9	JCPLX
JENHX	0.73		0.98	0.98	0.63	0.87	0.65	0.78	0.77	0.88	JENHX
JEQIX	0.65	0.98		1.0	0.55	0.79	0.57	0.7	0.69	0.79	JEQIX
JEQSX	0.65	0.98	1.0		0.55	0.79	0.56	0.7	0.69	0.79	JEQSX
JIBSX	0.9	0.63	0.55	0.55		0.88	1.0	0.9	0.89	0.89	JIBSX
JIBDX	0.89	0.87	0.79	0.79	0.88		0.89	0.94	0.94	1.0	JIBDX
JIBFX	0.91	0.65	0.57	0.56	1.0	0.89		0.9	0.9	0.89	JIBFX
JIBEX	0.98	0.78	0.7	0.7	0.9	0.94	0.9		1.0	0.94	JIBEX
JIMEX	0.98	0.77	0.69	0.69	0.89	0.94	0.9	1.0		0.94	JIMEX
JIMDX	0.9	0.88	0.79	0.79	0.89	1.0	0.89	0.94	0.94		JIMDX
	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX

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Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Equity 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 Equity'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
JCPLX	0.26	0.02	(0.43)	7.86	0.23	(0.31)	0.56	(0.47)	1.35
JENHX	0.62	0.12	0.11	0.30	0.39	(0.74)	2.15	(0.80)	4.92
JEQIX	0.56	(0.01)	(0.05)	0.16	0.54	(0.65)	1.48	(0.91)	4.23
JEQSX	0.56	(0.01)	(0.05)	0.16	0.53	(0.67)	1.48	(0.94)	4.20
JIBSX	0.26	0.00	(0.44)	0.15	0.26	(0.30)	0.57	(0.49)	1.27
JIBDX	0.08	0.01	(1.30)	1.96	0.00	(0.10)	0.13	(0.13)	0.40
JIBFX	0.27	0.00	(0.44)	0.16	0.28	(0.29)	0.57	(0.56)	1.27
JIBEX	0.18	0.02	(0.67)	5.78	0.10	(0.20)	0.28	(0.34)	0.82
JIMEX	0.17	0.02	(0.62)	(4.21)	0.10	(0.20)	0.34	(0.34)	0.88
JIMDX	0.07	0.01	(1.33)	2.84	0.00	(0.10)	0.13	(0.13)	0.40

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Johnson Equity Correlations

Johnson Equity Correlation With Market

Almost no diversification

Moving together with Johnson Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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