Jensen Global Correlations

Mutual Funds . USA . 
Fund . Jensen Global Quality
JGQYX Fund  USD 18.00  0.05  0.28%   
The current 90-days correlation between Jensen Global Quality and The Jensen Portfolio is 0.95 (i.e., Almost no 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

Almost no diversification

The correlation between Jensen Global Quality and DJI is 0.9 (i.e., Almost no 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 manufacturing.

Moving together with Jensen Mutual Fund

  0.99JENIX Jensen PortfolioPairCorr
  0.98JENRX Jensen PortfolioPairCorr
  0.99JENSX Jensen PortfolioPairCorr
  0.99JENYX Jensen PortfolioPairCorr
  1.0JGQSX Jensen Global QualityPairCorr
  1.0JGQIX Jensen Global QualityPairCorr
  0.91JNVIX Jensen Quality ValuePairCorr
  0.91JNVSX Jensen Quality ValuePairCorr
  0.91JNVYX Jensen Quality ValuePairCorr
  0.98FNFPX American Funds NewPairCorr
  0.98FFPNX American Funds NewPairCorr
  0.98NPFCX New PerspectivePairCorr
  0.98ANWPX New PerspectivePairCorr
  0.98NPFFX New PerspectivePairCorr
  0.98CNPAX New PerspectivePairCorr
  0.98CNPEX New PerspectivePairCorr
  0.98CNPFX New PerspectivePairCorr
  0.98CNPCX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.86BRUFX Bruce Fund BrucePairCorr
  0.97SPGSX State Street PremierPairCorr
  0.82KF Korea ClosedPairCorr
  0.92AEF Abrdn Emerging MarketsPairCorr
  0.98GRGDX Goldman Sachs EnhancedPairCorr
  0.95REBYX Us Small CapPairCorr
  0.83STABX Pioneer Short TermPairCorr
  0.88ARBNX Arbitrage FundPairCorr
  0.97GMHYX Mydestination 2035PairCorr
  0.96CBLCX Columbia BalancedPairCorr
  0.92SCETX Ridgeworth Ceredex SmallPairCorr
  0.97BMRRX Blackrock Mid CapPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VIIIX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JENIX  0.63 (0.03)(0.06) 0.10  0.69 
(0.69)
 1.43 
(1.31)
 4.24 
JENRX  0.63 (0.03)(0.06) 0.10  0.69 
(0.70)
 1.43 
(1.31)
 4.24 
JENSX  0.63 (0.03)(0.06) 0.10  0.69 
(0.69)
 1.42 
(1.29)
 4.25 
JENYX  0.63 (0.03)(0.06) 0.10  0.70 
(0.69)
 1.41 
(1.31)
 4.24 
JGQSX  0.62  0.03  0.00  0.16  0.62 
(0.69)
 1.72 
(1.24)
 4.07 
JGQYX  0.63  0.03  0.00  0.16  0.60 
(0.69)
 1.72 
(1.24)
 4.01 
JGQIX  0.62  0.03  0.00  0.16  0.61 
(0.68)
 1.72 
(1.24)
 4.02 
JNVIX  0.70 (0.03)(0.05) 0.09  0.81 
(0.79)
 1.34 
(1.78)
 4.70 
JNVSX  0.70 (0.03)(0.05) 0.09  0.82 
(0.79)
 1.34 
(1.83)
 4.74 
JNVYX  0.70 (0.03)(0.05) 0.09  0.79 
(0.78)
 1.35 
(1.73)
 4.77 

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