Johnson Core Correlations

Mutual Funds . USA . 
Fund . Johnson Core Plus
JCPLX Fund  USD 13.02  0.06  0.46%   
The current 90-days correlation between Johnson Core Plus and Johnson Institutional E is 0.89 (i.e., Very 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 0.7 (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 metropolitan statistical area.

Moving together with Johnson Mutual Fund

  0.66JENHX Johnson Enhanced ReturnPairCorr
  0.77JEQIX Johnson Equity IncomePairCorr
  0.77JEQSX Johnson Equity IncomePairCorr
  0.96JIBSX Johnson Mutual FundsPairCorr
  0.84JIBDX Johnson InstitutionalPairCorr
  0.97JIBFX Johnson InstitutionalPairCorr
  0.94JIBEX Johnson InstitutionalPairCorr
  0.94JIMEX Johnson InstitutionalPairCorr
  0.84JIMDX Johnson InstitutionalPairCorr
  0.97JIMFX Johnson InstitutionalPairCorr
  0.76JOPPX Johnson OpportunityPairCorr
  0.76JOSSX Johnson OpportunityPairCorr
  0.97DODIX Dodge IncomePairCorr
  0.97DOXIX Dodge Cox IncomePairCorr
  0.84FIWGX Strategic AdvisersPairCorr
  0.67MWTNX Metropolitan West TotalPairCorr
  0.7MWTSX Metropolitan West TotalPairCorr
  0.92PTTPX Pimco Total ReturnPairCorr
  0.91PTRRX Total ReturnPairCorr
  0.92PTRAX Total ReturnPairCorr
  0.92PTTRX Total ReturnPairCorr
  0.93PDBSX Prudential Total ReturnPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.67VTSMX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.66VFINX Vanguard 500 IndexPairCorr
  0.66VFFSX Vanguard 500 IndexPairCorr
  0.93VBTLX Vanguard Total BondPairCorr
  0.88ASIGX Strategic IncomePairCorr
  0.78GMMRX Nationwide InvestorPairCorr
  0.68NSNRX Neuberger Berman SmallPairCorr
  0.67GIPSX Goldman Sachs TrustPairCorr
  0.67CIGIX Calamos InternationalPairCorr
  0.74MHOVX Mfs Global HighPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JCPLX  0.15  0.00 (0.35) 0.13  0.10 
(0.19)
 0.31 
(0.23)
 0.85 
JENHX  0.57 (0.05)(0.08) 0.02  0.77 
(0.59)
 1.24 
(1.17)
 3.66 
JEQIX  0.51  0.09  0.10  0.23  0.34 
(0.55)
 1.29 
(0.83)
 4.56 
JIBSX  0.15  0.00 (0.35) 0.15  0.12 
(0.18)
 0.34 
(0.34)
 0.82 
JIBDX  0.05  0.00 (1.00) 0.00  0.00 
(0.08)
 0.13 
(0.07)
 0.20 
JIBFX  0.15  0.00 (0.34) 0.19  0.11 
(0.19)
 0.34 
(0.27)
 0.89 
JIBEX  0.10  0.01 (0.55) 0.82  0.00 
(0.13)
 0.20 
(0.14)
 0.47 
JIMEX  0.10  0.01 (0.56) 0.56  0.00 
(0.13)
 0.20 
(0.20)
 0.46 
JIMDX  0.05  0.00 (1.02) 0.00  0.00 
(0.09)
 0.13 
(0.07)
 0.26 
JIMFX  0.16  0.00 (0.40) 0.18  0.11 
(0.19)
 0.34 
(0.27)
 0.74 

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