Johcm Emerging Correlations

JOEMX Fund

USD 13.55 0.03 0.22%

The current 90-days correlation between Johcm Emerging Markets and Vanguard Health Care is 0.25 (i.e., Modest diversification). The correlation of Johcm Emerging 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.

Johcm Emerging Correlation With Market

Weak diversification

The correlation between Johcm Emerging Markets and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm Emerging Markets 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 Johcm Emerging Markets. 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 population.

Moving together with Johcm Mutual Fund

0.97	TSWHX	Tswhgyldbdinstl	Pair Corr
0.99	TSWMX	Tsw Emerging Markets	Pair Corr
1.0	JOEAX	Johcm Emerging Markets	Pair Corr
0.98	JOGEX	Johcm Global Equity	Pair Corr
1.0	JOEIX	Johcm Emerging Markets	Pair Corr
0.95	JOHIX	Johcm International	Pair Corr
0.98	JOGIX	Johcm Global Equity	Pair Corr
0.94	JOHAX	Johcm International	Pair Corr
0.96	JOMEX	Johcm Emerging Markets	Pair Corr
0.96	JOMMX	Johcm Emerging Markets	Pair Corr
0.96	JOPSX	Johcm International	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.99	FWWNX	American Funds New	Pair Corr
0.99	FNFWX	American Funds New	Pair Corr
0.99	NEWFX	New World Fund	Pair Corr
0.99	NWFFX	New World Fund	Pair Corr
0.99	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.94	PDI	Pimco Dynamic Income	Pair Corr
0.93	FTCAX	Templeton Strained Bond	Pair Corr
0.98	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.99	COMSX	Dws Communications	Pair Corr
0.95	FEIAX	Fidelity Advisor Equity	Pair Corr
0.98	LINKX	Blackrock Lifepath Idx	Pair Corr
0.79	QSPIX	Aqr Style Premia	Pair Corr
0.98	GAOPX	Goldman Sachs Balanced	Pair Corr
0.67	MCSHX	Mfs Commodity Strategy	Pair Corr
0.99	ACARX	Alger Capital Apprec	Pair Corr
0.99	QNTIX	Quantex Fund Institu	Pair Corr

Moving against Johcm Mutual Fund

0.98	USPSX	Profunds Ultrashort	Pair Corr
0.98	USPIX	Profunds Ultrashort	Pair Corr
0.96	UIPIX	Ultrashort Mid Cap	Pair Corr
0.84	TCTGX	Transamerica Cleartrack	Pair Corr
0.84	TDKTX	Cleartrack 2015 Class	Pair Corr
0.84	TCTJX	Transamerica Cleartrack	Pair Corr
0.81	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	VGHCX	LHCCX	HGHYX	LOGSX	PJHRX	ECHSX	LYFAX
VGHCX		0.82	0.88	0.54	0.87	0.97	0.91	VGHCX
LHCCX	0.82		0.57	0.73	0.94	0.78	0.75	LHCCX
HGHYX	0.88	0.57		0.28	0.69	0.88	0.94	HGHYX
LOGSX	0.54	0.73	0.28		0.57	0.55	0.39	LOGSX
PJHRX	0.87	0.94	0.69	0.57		0.86	0.85	PJHRX
ECHSX	0.97	0.78	0.88	0.55	0.86		0.91	ECHSX
LYFAX	0.91	0.75	0.94	0.39	0.85	0.91		LYFAX
	VGHCX	LHCCX	HGHYX	LOGSX	PJHRX	ECHSX	LYFAX

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Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm Emerging 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 Johcm Emerging'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
VGHCX	0.93	(0.14)	0.00	(0.03)	0.00	0.00	1.73	(2.02)	5.23
LHCCX	0.83	(0.06)	(0.08)	0.05	1.09	(0.81)	1.74	(1.76)	4.63
HGHYX	0.93	(0.19)	0.00	(0.08)	0.00	0.00	1.78	(2.37)	5.38
LOGSX	0.76	(0.12)	0.00	(0.02)	0.00	0.00	1.36	(1.49)	4.52
PJHRX	0.97	(0.07)	(0.07)	0.04	1.34	(0.91)	1.88	(2.25)	5.39
ECHSX	0.87	(0.13)	0.00	(0.03)	0.00	0.00	1.72	(2.19)	4.86
LYFAX	0.81	(0.15)	0.00	(0.05)	0.00	0.00	1.61	(1.91)	4.77

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