Jensen Global Correlations

Mutual Funds . USA . 
Fund . Jensen Global Quality
JGQSX Fund  USD 17.99  0.04  0.22%   
The current 90-days correlation between Jensen Global Quality and Qs Global Equity is -0.03 (i.e., Good diversification). The correlation of Jensen Global 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 Global Correlation With Market

Good diversification

The correlation between Jensen Global Quality and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jensen Global Quality 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 Jensen Global Quality. 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 Jensen Mutual Fund

  0.95JENIX Jensen PortfolioPairCorr
  0.98JENRX Jensen PortfolioPairCorr
  0.95JENSX Jensen PortfolioPairCorr
  0.99JENYX Jensen PortfolioPairCorr
  1.0JGQYX Jensen Global QualityPairCorr
  1.0JGQIX Jensen Global QualityPairCorr
  0.91JNVIX Jensen Quality ValuePairCorr
  0.84JNVSX Jensen Quality ValuePairCorr
  0.91JNVYX Jensen Quality ValuePairCorr
  0.96FNFPX American Funds NewPairCorr
  0.98FFPNX American Funds NewPairCorr
  0.96NPFCX New PerspectivePairCorr
  0.98ANWPX New PerspectivePairCorr
  0.96NPFFX New PerspectivePairCorr
  0.98CNPAX New PerspectivePairCorr
  0.96CNPEX New PerspectivePairCorr
  0.96CNPFX New PerspectivePairCorr
  0.96CNPCX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.8BRUFX Bruce Fund BrucePairCorr
  0.96SPGSX State Street PremierPairCorr
  0.81KF Korea ClosedPairCorr
  0.9AEF Abrdn Emerging MarketsPairCorr
  0.96GRGDX Goldman Sachs EnhancedPairCorr
  0.92REBYX Us Small CapPairCorr
  0.82STABX Pioneer Short TermPairCorr
  0.86ARBNX Arbitrage FundPairCorr
  0.95GMHYX Mydestination 2035PairCorr
  0.94CBLCX Columbia BalancedPairCorr
  0.88SCETX Ridgeworth Ceredex SmallPairCorr
  0.94BMRRX Blackrock Mid CapPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VIIIX Vanguard InstitutionalPairCorr
  0.92CCMAX Columbia Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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