Cemjx Correlations

CEMJX Fund

USD 11.73 0.04 0.34%

The current 90-days correlation between Cemjx and Ohio Variable College is 0.74 (i.e., Poor diversification). The correlation of Cemjx 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.

Cemjx Correlation With Market

Poor diversification

The correlation between Cemjx and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemjx and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cemjx. 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 Cemjx Mutual Fund

0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.92	NHS	Neuberger Berman High	Pair Corr
0.61	TTRBX	Ambrus Core Bond	Pair Corr
0.87	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.78	INTC	Intel Aggressive Push	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.85	BA	Boeing Sell-off Trend	Pair Corr
0.94	CVX	Chevron Corp	Pair Corr

Moving against Cemjx Mutual Fund

0.68	HPQ	HP Inc	Pair Corr
0.42	MMM	3M Company	Pair Corr
0.4	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	CEMJX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX
CEMJX		0.51	0.0	0.0	0.82	0.76	0.0	0.0	0.82	CEMJX
MNDVUX	0.51		0.0	0.0	0.27	0.85	0.0	0.0	0.76	MNDVUX
NWWAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SMGASX
PWJQX	0.82	0.27	0.0	0.0		0.52	0.0	0.0	0.74	PWJQX
FGWMX	0.76	0.85	0.0	0.0	0.52		0.0	0.0	0.89	FGWMX
PNPXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PNPXX
RNDIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RNDIX
BZEAX	0.82	0.76	0.0	0.0	0.74	0.89	0.0	0.0		BZEAX
	CEMJX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BZEAX	+ 0.89	FGWMX
FGWMX	+ 0.85	MNDVUX
PWJQX	+ 0.82	CEMJX
BZEAX	+ 0.82	CEMJX
FGWMX	+ 0.76	CEMJX
BZEAX	+ 0.76	MNDVUX

High negative correlations

BZEAX	- 0.0	RNDIX
BZEAX	- 0.0	PNPXX
RNDIX	- 0.0	PNPXX
RNDIX	- 0.0	FGWMX
PNPXX	- 0.0	FGWMX
RNDIX	- 0.0	PWJQX

Risk-Adjusted Indicators

There is a big difference between Cemjx Mutual Fund performing well and Cemjx 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 Cemjx'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
CEMJX	0.54	0.06	0.06	0.14	0.55	(0.62)	1.28	(0.99)	3.07
MNDVUX	0.53	0.10	0.10	2.09	0.47	(0.67)	1.38	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.73	(0.07)	0.00	(0.05)	0.00	0.00	1.58	(2.13)	4.28
FGWMX	0.15	0.03	(0.03)	0.22	0.00	(0.20)	0.36	(0.22)	1.38
PNPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNDIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BZEAX	0.38	0.01	(0.01)	0.06	0.54	(0.37)	0.82	(0.85)	2.41

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