Johnson International Correlations

Mutual Funds . USA . 
Fund . Johnson International Fund
JINTX Fund  USD 33.68  0.16  0.47%   
The current 90-days correlation between Johnson International and Johnson Core Plus is -0.07 (i.e., Good diversification). The correlation of Johnson International 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 International Correlation With Market

Poor diversification

The correlation between Johnson International Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson International Fund 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 International Fund. 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 estimate.

Moving together with Johnson Mutual Fund

  0.67JCPLX Johnson Core PlusPairCorr
  0.95JENHX Johnson Enhanced ReturnPairCorr
  0.97JEQIX Johnson Equity IncomePairCorr
  0.97JEQSX Johnson Equity IncomePairCorr
  0.82JIBDX Johnson InstitutionalPairCorr
  0.71JIBEX Johnson InstitutionalPairCorr
  0.7JIMEX Johnson InstitutionalPairCorr
  0.81JIMDX Johnson InstitutionalPairCorr
  0.7JMUNX Johnson Municipal IncomePairCorr
  0.95JOPPX Johnson OpportunityPairCorr
  0.93JOSSX Johnson OpportunityPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.99OANIX Oakmark InternationalPairCorr
  0.98DODFX Dodge International StockPairCorr
  0.99OAKIX Oakmark InternationalPairCorr
  0.97OAYIX Oakmark InternationalPairCorr
  0.99OAZIX Oakmark InternationalPairCorr
  0.99FINVX Fidelity Series IntePairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.98FTYPX Fidelity Freedom IndexPairCorr
  0.98FFBTX Fidelity Freedom BlendPairCorr
  0.68GAAVX Gmo Alternative AlloPairCorr
  0.94GCAVX Gmo Small CapPairCorr
  0.97GQLOX Gmo Quality FundPairCorr
  0.96GHVIX Gmo High YieldPairCorr
  0.95GMCQX Gmo Equity AllocationPairCorr
  0.94LAMCX Lord Abbett CalibratedPairCorr
  0.96FIIAX Fidelity Advisor MidPairCorr
  0.84SETMX Columbia Amt FreePairCorr
  0.96FEXRX First Eagle SmidPairCorr
  0.97TIDDX T Rowe PricePairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.96LNOCX Ladenburg Income GrowthPairCorr
  0.97RWIAX Capital World GrowthPairCorr
  0.97JGVVX Jpmorgan Growth 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 International 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 International'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 (0.30)(2.74) 0.21 
(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  0.57 (0.01)(0.04) 0.12  0.62 
(0.65)
 1.48 
(1.24)
 4.23 
JEQSX  0.58 (0.01)(0.04) 0.12  0.61 
(0.66)
 1.48 
(1.25)
 4.20 
JIBSX  0.26  0.02 (0.32) 0.42  0.23 
(0.30)
 0.57 
(0.42)
 1.27 
JIBDX  0.08  0.02 (0.97)(1.12) 0.00 
(0.11)
 0.20 
(0.13)
 0.47 
JIBEX  0.18  0.02 (0.50) 0.90  0.10 
(0.20)
 0.28 
(0.34)
 0.82 
JIMEX  0.17  0.02 (0.47) 0.64  0.11 
(0.20)
 0.34 
(0.34)
 0.88 
JIMDX  0.08  0.01 (0.99)(5.89) 0.00 
(0.10)
 0.20 
(0.13)
 0.40 
JIMFX  0.27  0.01 (0.32) 0.19  0.28 
(0.30)
 0.49 
(0.62)
 1.32 

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