Johnson Opportunity Correlations

Mutual Funds USA . 
Fund . Johnson Opportunity S
JOSSX Fund   52.44  0.20  0.38%   
The current 90-days correlation between Johnson Opportunity and Johnson Core Plus is -0.08 (i.e., Good diversification). The correlation of Johnson Opportunity 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 Opportunity Correlation With Market

Very poor diversification

The correlation between Johnson Opportunity S and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Opportunity S 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 Opportunity S. 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 state.

Moving together with Johnson Mutual Fund

  0.69JCPLX Johnson Core PlusPairCorr
  0.94JENHX Johnson Enhanced ReturnPairCorr
  0.97JEQIX Johnson Equity IncomePairCorr
  0.97JEQSX Johnson Equity IncomePairCorr
  0.8JIBDX Johnson InstitutionalPairCorr
  0.71JIBEX Johnson InstitutionalPairCorr
  0.7JIMEX Johnson InstitutionalPairCorr
  0.82JIMDX Johnson InstitutionalPairCorr
  0.94JINTX Johnson InternationalPairCorr
  0.73JMUNX Johnson Municipal IncomePairCorr
  1.0JOPPX Johnson OpportunityPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.96SPGSX State Street PremierPairCorr
  0.84KF Korea ClosedPairCorr
  0.96ISTNX Ivy Science AndPairCorr
  0.96SBPYX Clearbridge Small CapPairCorr
  0.85MDILX Blackrock Intl APairCorr
  0.88GMBPX Goldman Sachs ShortPairCorr
  0.95FTEIX Fidelity Total InterPairCorr
  0.91MISAX Victory TrivalentPairCorr
  0.99SCVNX Small Pany ValuePairCorr
  0.93RLBEX American BalancedPairCorr

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 Opportunity 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 Opportunity'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  0.00 (0.33) 0.18  0.26 
(0.30)
 0.57 
(0.49)
 1.27 
JIBDX  0.08  0.01 (0.98) 7.88  0.00 
(0.10)
 0.13 
(0.13)
 0.40 
JIBFX  0.27  0.01 (0.32) 0.21  0.28 
(0.29)
 0.57 
(0.56)
 1.27 
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 

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