Johnson Mutual Correlations

Mutual Funds . USA . 
Fund . Johnson Mutual Funds
JIBSX Fund   14.36  0.03  0.21%   
The current 90-days correlation between Johnson Mutual Funds and Johnson Core Plus is 0.99 (i.e., No risk reduction). The correlation of Johnson Mutual 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 Mutual Correlation With Market

Good diversification

The correlation between Johnson Mutual Funds and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Mutual Funds 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 Mutual Funds. 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

  0.99JCPLX Johnson Core PlusPairCorr
  0.66JENHX Johnson Enhanced ReturnPairCorr
  0.9JIBDX Johnson InstitutionalPairCorr
  0.91JIBFX Johnson InstitutionalPairCorr
  0.97JIBEX Johnson InstitutionalPairCorr
  0.91JIMEX Johnson InstitutionalPairCorr
  0.9JIMDX Johnson InstitutionalPairCorr
  1.0JIMFX Johnson InstitutionalPairCorr
  0.71JMUNX Johnson Municipal IncomePairCorr
  0.61JOPPX Johnson OpportunityPairCorr
  0.61JOSSX Johnson OpportunityPairCorr
  0.99VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.92VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.92FBOFX American FundsPairCorr
  0.92FFBOX American FundsPairCorr
  0.92BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.68NHS Neuberger Berman HighPairCorr
  0.66GGSSX Goldman Sachs GrowthPairCorr
  0.7CGRCX Oppenheimer ValuePairCorr
  0.63FSMAX Fidelity Extended MarketPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr
  0.73ISPBX Voya Solution 2025PairCorr
  0.64GAGYX Aggressive AllocationPairCorr
  0.69MXFRX Great West PutnamPairCorr
  0.99MSPGX Massmutual Select TotalPairCorr
  0.62TRDIX Transamerica DividendPairCorr
  0.89PGBRX Putnam Global IncomePairCorr
  0.74TGREX Tcw Global RealPairCorr
  0.65IASRX Ivy Asset StrategyPairCorr
  0.65JGAQX Jpmorgan Value AdvantagePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Mutual 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 Mutual'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
JCPLX  0.27  0.03 (0.31)(1.27) 0.22 
(0.32)
 0.56 
(0.47)
 1.44 
JENHX  0.67  0.26  0.12 (2.91) 0.58 
(0.77)
 2.15 
(1.26)
 4.92 
JEQIX  0.58  0.12 (0.02)(1.65) 0.61 
(0.66)
 1.48 
(1.24)
 4.23 
JEQSX  0.58  0.12 (0.02)(1.37) 0.59 
(0.67)
 1.48 
(1.25)
 4.20 
JIBSX  0.27  0.02 (0.32)(0.82) 0.25 
(0.31)
 0.63 
(0.49)
 1.35 
JIBDX  0.08  0.02 (0.97)(1.12) 0.00 
(0.11)
 0.20 
(0.13)
 0.47 
JIBFX  0.28  0.03 (0.30)(2.19) 0.26 
(0.31)
 0.57 
(0.56)
 1.42 
JIBEX  0.18  0.03 (0.47)(0.71) 0.11 
(0.21)
 0.41 
(0.34)
 0.97 
JIMEX  0.18  0.03 (0.45)(1.97) 0.08 
(0.21)
 0.40 
(0.34)
 0.94 
JIMDX  0.08  0.02 (0.99)(0.81) 0.00 
(0.11)
 0.20 
(0.13)
 0.40 

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