The Jensen Correlations

Mutual Funds . USA . 
Fund . The Jensen Portfolio
JENYX Fund  USD 60.33  0.23  0.38%   
The current 90-days correlation between Jensen Portfolio and The Jensen Portfolio is 1.0 (i.e., No risk reduction). The correlation of The Jensen 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.

The Jensen Correlation With Market

Weak diversification

The correlation between The Jensen Portfolio and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Jensen Portfolio 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 The Jensen Portfolio. 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 manufacturing.

Moving together with The Mutual Fund

  1.0JENIX Jensen PortfolioPairCorr
  1.0JENRX Jensen PortfolioPairCorr
  1.0JENSX Jensen PortfolioPairCorr
  0.89JNVIX Jensen Quality ValuePairCorr
  0.89JNVSX Jensen Quality ValuePairCorr
  0.9JNVYX Jensen Quality ValuePairCorr
  0.68VTISX Vanguard Total InterPairCorr
  0.68VTSNX Vanguard Total InterPairCorr
  0.68VTPSX Vanguard Total InterPairCorr

Moving against The Mutual Fund

  0.38VITSX Vanguard Total StockPairCorr
  0.35VFIAX Vanguard 500 IndexPairCorr
  0.35VFINX Vanguard 500 IndexPairCorr
  0.34VTSAX Vanguard Total StockPairCorr
  0.34VTSMX Vanguard Total StockPairCorr
  0.34VSMPX Vanguard Total StockPairCorr
  0.34VSTSX Vanguard Total StockPairCorr
  0.51FSLBX Brokerage And InvestmentPairCorr
  0.48DPG Duff And PhelpsPairCorr
  0.41GRSPX Greenspring Fund RetailPairCorr
  0.33FCYIX Industrials PortfolioPairCorr
  0.44SMERX Invesco Small CapPairCorr
  0.43LEOIX Lazard Enhanced OppoPairCorr
  0.41VSMVX Vanguard Sp SmallPairCorr
  0.4LTFOX Lord Abbett AffiliatedPairCorr

Related Correlations Analysis

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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   
HDGFX
+ 0.94
MIGNX
HDGFX
+ 0.9
PDGIX
MIGNX
+ 0.88
PDGIX
HDGFX
+ 0.87
CIPIX
CIPIX
+ 0.82
PDGIX
MIGNX
+ 0.79
CIPIX
  
High negative correlations   
CIPIX
- 0.44
JENIX
HDGFX
- 0.18
JENIX
PDGIX
- 0.1
JENIX
MIGNX
- 0.04
JENIX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Jensen 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 The Jensen'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.

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