Johcm Global Correlations

JOGIX Fund

USD 11.75 0.06 0.51%

The current 90-days correlation between Johcm Global Equity and Federated Government Income is 0.27 (i.e., Modest diversification). The correlation of Johcm 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.

Johcm Global Correlation With Market

Very weak diversification

The correlation between Johcm Global Equity and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm Global Equity 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 Global Equity. 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 gross domestic product.

Moving together with Johcm Mutual Fund

0.96	TSWHX	Tswhgyldbdinstl	Pair Corr
0.97	TSWMX	Tsw Emerging Markets	Pair Corr
0.98	JOEAX	Johcm Emerging Markets	Pair Corr
1.0	JOGEX	Johcm Global Equity	Pair Corr
0.61	JOEIX	Johcm Emerging Markets	Pair Corr
0.98	JOEMX	Johcm Emerging Markets	Pair Corr
0.63	JOHIX	Johcm International	Pair Corr
0.63	JOHAX	Johcm International	Pair Corr
0.93	JOMEX	Johcm Emerging Markets	Pair Corr
0.93	JOMMX	Johcm Emerging Markets	Pair Corr
0.68	JOPSX	Johcm International	Pair Corr
0.7	ANWPX	New Perspective	Pair Corr
0.7	NPFFX	New Perspective	Pair Corr
0.99	CNPCX	New Perspective	Pair Corr
0.93	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.93	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.8	EMO	Clearbridge Energy Mlp	Pair Corr
0.67	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.67	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	RSNYX	Victory Global Natural	Pair Corr
0.94	RSNRX	Victory Global Natural	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.76	PGTSX	Prudential Global Total	Pair Corr
0.96	DDDRX	Delaware Wealth Builder	Pair Corr
0.96	RGIAX	Global Infrastructure	Pair Corr
0.73	JPICX	Jpmorgan California Tax	Pair Corr
0.65	FWBCX	American Funds Capital	Pair Corr
0.8	MUA	Blackrock Muniassets	Pair Corr

Related Correlations Analysis

	FICMX	PYUSX	SIGVX	PBMXX	BIGLX	RFBAX	UGSDX	SSAGX
FICMX		0.92	0.69	0.22	0.99	0.85	0.53	0.68	FICMX
PYUSX	0.92		0.88	0.4	0.94	0.95	0.73	0.87	PYUSX
SIGVX	0.69	0.88		0.66	0.73	0.94	0.88	0.99	SIGVX
PBMXX	0.22	0.4	0.66		0.25	0.48	0.76	0.67	PBMXX
BIGLX	0.99	0.94	0.73	0.25		0.87	0.59	0.71	BIGLX
RFBAX	0.85	0.95	0.94	0.48	0.87		0.74	0.93	RFBAX
UGSDX	0.53	0.73	0.88	0.76	0.59	0.74		0.85	UGSDX
SSAGX	0.68	0.87	0.99	0.67	0.71	0.93	0.85		SSAGX
	FICMX	PYUSX	SIGVX	PBMXX	BIGLX	RFBAX	UGSDX	SSAGX

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Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm 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 Johcm 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FICMX	0.31	0.00	(0.26)	0.11	0.35	(0.34)	0.56	(0.68)	1.49
PYUSX	0.14	0.01	(0.65)	(0.92)	0.07	(0.19)	0.32	(0.21)	0.75
SIGVX	0.06	0.01	(1.10)	(3.48)	0.00	(0.20)	0.10	(0.10)	0.61
PBMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
BIGLX	0.30	0.00	(0.32)	0.10	0.31	(0.34)	0.66	(0.56)	1.46
RFBAX	0.09	0.00	(0.61)	0.26	0.00	(0.22)	0.20	(0.20)	0.78
UGSDX	0.03	0.00	0.00	0.90	0.00	0.00	0.00	0.00	0.52
SSAGX	0.06	0.01	(1.17)	0.49	0.00	(0.18)	0.10	(0.10)	0.61

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Johcm Global Correlations

Johcm Global Correlation With Market

Very weak diversification

Moving together with Johcm Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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