Johcm International Correlations

JOHIX Fund

USD 25.96 0.03 0.12%

The current 90-days correlation between Johcm International and Tswhgyldbdinstl is 0.18 (i.e., Average diversification). The correlation of Johcm 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.

Johcm International Correlation With Market

Modest diversification

The correlation between Johcm International Select and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm International Select 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 International Select. 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

0.93	TSWHX	Tswhgyldbdinstl	Pair Corr
0.94	TSWMX	Tsw Emerging Markets	Pair Corr
0.95	JOEAX	Johcm Emerging Markets	Pair Corr
0.95	JOGEX	Johcm Global Equity	Pair Corr
0.95	JOEIX	Johcm Emerging Markets	Pair Corr
0.95	JOEMX	Johcm Emerging Markets	Pair Corr
0.95	JOGIX	Johcm Global Equity	Pair Corr
1.0	JOHAX	Johcm International	Pair Corr
0.91	JOMEX	Johcm Emerging Markets	Pair Corr
0.91	JOMMX	Johcm Emerging Markets	Pair Corr
0.96	JOPSX	Johcm International	Pair Corr
0.96	RERFX	Europacific Growth	Pair Corr
0.96	AEPFX	Europacific Growth	Pair Corr
0.96	CEUAX	Europacific Growth	Pair Corr
0.96	CEUCX	Europacific Growth	Pair Corr
0.96	RERCX	Europacific Growth	Pair Corr
0.96	REREX	Europacific Growth	Pair Corr
0.96	RERGX	Europacific Growth	Pair Corr
0.96	CEUFX	Europacific Growth	Pair Corr
0.96	CEUEX	Europacific Growth	Pair Corr
0.96	RERAX	Europacific Growth	Pair Corr
0.86	PFN	Pimco Income Strategy	Pair Corr
0.88	CIF	Mfs Intermediate High	Pair Corr
0.88	PCF	Putnam High Income	Pair Corr
0.93	ODIIX	Oppenheimer Discovery	Pair Corr
0.73	RMTBX	Aspiriant Risk Managed	Pair Corr
0.74	JIMEX	Johnson Institutional	Pair Corr
0.97	SIDVX	Hartford Schroders	Pair Corr
0.75	FYRXX	First American Funds	Pair Corr
0.88	SDHCX	Lord Abbett Short	Pair Corr
0.98	MSAAX	Active International	Pair Corr
0.91	FMUSX	Federated Municipal	Pair Corr
0.91	PYBLX	Payden Floating Rate	Pair Corr
0.79	LPEIX	Alpsred Rocks Listed	Pair Corr

Moving against Johcm Mutual Fund

0.54	XNBHX	Neuberger Berman Int	Pair Corr
0.49	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	TSWHX	TSWMX	JOEAX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX	JOMEX
TSWHX		0.94	0.97	0.96	0.97	0.97	0.93	0.96	0.93	0.97	TSWHX
TSWMX	0.94		0.99	0.97	0.99	0.99	0.94	0.97	0.94	0.93	TSWMX
JOEAX	0.97	0.99		0.98	1.0	1.0	0.95	0.98	0.94	0.96	JOEAX
JOGEX	0.96	0.97	0.98		0.98	0.98	0.95	1.0	0.95	0.93	JOGEX
JOEIX	0.97	0.99	1.0	0.98		1.0	0.95	0.98	0.94	0.96	JOEIX
JOEMX	0.97	0.99	1.0	0.98	1.0		0.95	0.98	0.94	0.96	JOEMX
JOHIX	0.93	0.94	0.95	0.95	0.95	0.95		0.95	1.0	0.91	JOHIX
JOGIX	0.96	0.97	0.98	1.0	0.98	0.98	0.95		0.95	0.93	JOGIX
JOHAX	0.93	0.94	0.94	0.95	0.94	0.94	1.0	0.95		0.91	JOHAX
JOMEX	0.97	0.93	0.96	0.93	0.96	0.96	0.91	0.93	0.91		JOMEX
	TSWHX	TSWMX	JOEAX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX	JOMEX

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Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm 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 Johcm 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSWHX	0.15	0.04	(0.43)	0.49	0.00	(0.22)	0.44	(0.22)	0.86
TSWMX	0.50	0.19	0.15	0.70	0.00	(0.62)	1.65	(1.14)	3.55
JOEAX	0.50	0.19	0.16	0.81	0.00	(0.62)	1.57	(0.84)	3.07
JOGEX	0.57	0.17	0.13	0.53	0.20	(0.69)	1.67	(0.93)	3.54
JOEIX	0.49	0.19	0.16	0.79	0.00	(0.59)	1.63	(0.83)	3.07
JOEMX	0.49	0.20	0.16	0.84	0.00	(0.59)	1.56	(0.83)	3.06
JOHIX	0.56	0.19	0.13	1.20	0.20	(0.71)	1.39	(0.91)	3.07
JOGIX	0.57	0.17	0.13	0.54	0.12	(0.71)	1.67	(0.87)	3.52
JOHAX	0.56	0.19	0.13	1.24	0.18	(0.71)	1.43	(0.88)	3.06
JOMEX	0.56	0.30	0.30	1.45	0.00	(0.71)	1.40	(0.92)	3.22

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