Johcm Emerging Correlations

Mutual Funds . USA . 
Fund . Johcm Emerging Markets
JOMMX Fund  USD 15.18  0.06  0.40%   
The current 90-days correlation between Johcm Emerging Markets and Tswhgyldbdinstl is 0.19 (i.e., Average 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 0.31 (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

  0.97TSWHX TswhgyldbdinstlPairCorr
  0.93TSWMX Tsw Emerging MarketsPairCorr
  0.96JOEAX Johcm Emerging MarketsPairCorr
  0.93JOGEX Johcm Global EquityPairCorr
  0.68JOEIX Johcm Emerging MarketsPairCorr
  0.96JOEMX Johcm Emerging MarketsPairCorr
  0.67JOHIX Johcm InternationalPairCorr
  0.93JOGIX Johcm Global EquityPairCorr
  0.67JOHAX Johcm InternationalPairCorr
  1.0JOMEX Johcm Emerging MarketsPairCorr
  0.68JOPSX Johcm InternationalPairCorr
  0.71VEMAX Vanguard Emerging MarketsPairCorr
  0.71VEIEX Vanguard Emerging MarketsPairCorr
  0.71VEMIX Vanguard Emerging MarketsPairCorr
  0.71VEMRX Vanguard Emerging MarketsPairCorr
  0.76FWWNX American Funds NewPairCorr
  0.76FNFWX American Funds NewPairCorr
  0.76NEWFX New World FundPairCorr
  0.76NWFFX New World FundPairCorr
  0.76NEWCX New World FundPairCorr
  0.73ODVYX Oppenheimer DevelopingPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.93GSSSX Goldman Sachs SmallPairCorr
  0.92AIBBX Aristotle Funds SeriesPairCorr
  0.67VMRXX Vanguard Money MarketPairCorr
  0.98LIGFX Lord Abbett DiversifiedPairCorr
  0.67IVMXX Voya Government MoneyPairCorr
  0.96LAGIX Ladenburg AggressivePairCorr
  0.96GQESX Gmo Quality FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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  0.45  0.22  0.19  2.98  0.00 
(0.57)
 1.63 
(0.82)
 3.07 
JOEMX  0.49  0.20  0.16  0.84  0.00 
(0.59)
 1.56 
(0.83)
 3.06 
JOHIX  0.54  0.00  0.07  0.00  0.28 
(0.67)
 1.13 
(0.91)
 3.07 
JOGIX  0.57  0.17  0.13  0.54  0.12 
(0.71)
 1.67 
(0.87)
 3.52 
JOHAX  0.54  0.17  0.07  10.21  0.28 
(0.67)
 1.13 
(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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