Johnson Core Correlations

JCPLX Fund

USD 13.13 0.01 0.08%

The current 90-days correlation between Johnson Core Plus and Johnson Institutional Short is 0.7 (i.e., Poor diversification). The correlation of Johnson Core 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 Core Correlation With Market

Poor diversification

The correlation between Johnson Core Plus and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Core Plus 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 Core Plus. 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 board of governors.

Moving together with Johnson Mutual Fund

0.69	JEQIX	Johnson Equity Income	Pair Corr
0.69	JEQSX	Johnson Equity Income	Pair Corr
0.98	JIBSX	Johnson Mutual Funds	Pair Corr
0.87	JIBDX	Johnson Institutional	Pair Corr
0.99	JIBFX	Johnson Institutional	Pair Corr
0.98	JIBEX	Johnson Institutional	Pair Corr
0.98	JIMEX	Johnson Institutional	Pair Corr
0.87	JIMDX	Johnson Institutional	Pair Corr
0.99	JIMFX	Johnson Institutional	Pair Corr
0.85	JMUNX	Johnson Municipal Income	Pair Corr
0.7	JOPPX	Johnson Opportunity	Pair Corr
0.7	JOSSX	Johnson Opportunity	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.99	DOXIX	Dodge Cox Income	Pair Corr
0.94	FIWGX	Strategic Advisers	Pair Corr
0.9	MWTNX	Metropolitan West Total	Pair Corr
0.9	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.96	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.97	PDBSX	Prudential Total Return	Pair Corr
0.78	NHS	Neuberger Berman High	Pair Corr
0.7	GMXAX	Nationwide Mid Cap	Pair Corr
0.79	PFIIX	Pimco Floating Income	Pair Corr
0.82	MEIMX	Maine Municipal	Pair Corr
0.84	FHALX	Fidelity Freedom Blend	Pair Corr
0.7	INDZX	Columbia Diversified	Pair Corr
0.87	GCFRX	Nationwide Investor	Pair Corr
0.82	MIPIX	Matthews Asia Dividend	Pair Corr
0.72	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.75	GLNAX	Mfs Global New	Pair Corr
0.76	BRUGX	Mfs Blended Research	Pair Corr
0.83	PMOTX	Putnam Mortgage Opport	Pair Corr

Related Correlations Analysis

	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX
JENHX		0.75	0.75	0.39	0.64	0.39	0.46	0.43	0.62	JENHX
JEQIX	0.75		1.0	0.6	0.91	0.64	0.69	0.66	0.9	JEQIX
JEQSX	0.75	1.0		0.6	0.91	0.64	0.69	0.66	0.9	JEQSX
JIBSX	0.39	0.6	0.6		0.81	1.0	0.97	0.98	0.82	JIBSX
JIBDX	0.64	0.91	0.91	0.81		0.84	0.9	0.88	1.0	JIBDX
JIBFX	0.39	0.64	0.64	1.0	0.84		0.98	0.98	0.84	JIBFX
JIBEX	0.46	0.69	0.69	0.97	0.9	0.98		1.0	0.9	JIBEX
JIMEX	0.43	0.66	0.66	0.98	0.88	0.98	1.0		0.88	JIMEX
JIMDX	0.62	0.9	0.9	0.82	1.0	0.84	0.9	0.88		JIMDX
	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Core 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 Core'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
JENHX	0.53	(0.02)	(0.04)	0.05	0.68	(0.58)	1.04	(1.12)	3.66
JEQIX	0.50	0.08	0.09	0.20	0.36	(0.54)	1.29	(0.83)	4.56
JEQSX	0.50	0.08	0.09	0.20	0.35	(0.55)	1.28	(0.78)	4.56
JIBSX	0.15	0.02	(0.26)	0.77	0.00	(0.18)	0.34	(0.27)	0.75
JIBDX	0.05	0.01	(0.84)	(3.48)	0.00	(0.08)	0.13	(0.07)	0.26
JIBFX	0.15	0.02	(0.25)	1.50	0.00	(0.19)	0.34	(0.27)	0.75
JIBEX	0.10	0.00	(0.45)	0.00	0.00	(0.13)	0.20	(0.13)	0.47
JIMEX	0.10	0.01	(0.45)	3.71	0.00	(0.14)	0.26	(0.20)	0.46
JIMDX	0.05	0.01	(0.86)	(3.30)	0.00	(0.09)	0.13	(0.07)	0.26

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Johnson Core Correlations

Johnson Core Correlation With Market

Poor diversification

Moving together with Johnson Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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