Johnson Equity Correlations

JEQSX Fund

39.92 0.10 0.25%

The current 90-days correlation between Johnson Equity Income and Johnson Core Plus is -0.09 (i.e., Good diversification). The correlation of Johnson Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Johnson Equity Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Equity Income 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 Equity Income. 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

0.91	JENHX	Johnson Enhanced Return	Pair Corr
0.92	JEQIX	Johnson Equity Income	Pair Corr
0.94	JOPPX	Johnson Opportunity	Pair Corr
0.94	JOSSX	Johnson Opportunity	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VINIX	Vanguard Institutional	Pair Corr
0.9	VIIIX	Vanguard Institutional	Pair Corr
0.82	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.82	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.68	RSNYX	Victory Global Natural	Pair Corr
0.82	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.68	RSNRX	Victory Global Natural	Pair Corr
0.82	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.68	RGNCX	Victory Global Natural	Pair Corr
0.81	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	ACOAX	Strategic Allocation:	Pair Corr
0.92	BGRFX	Baron Growth	Pair Corr
0.65	AOUIX	Angel Oak Ultrashort	Pair Corr
0.83	THLCX	Thrivent Large Cap	Pair Corr

Moving against Johnson Mutual Fund

0.53	JCPLX	Johnson Core Plus	Pair Corr
0.53	JIBSX	Johnson Mutual Funds	Pair Corr
0.53	JIBFX	Johnson Institutional	Pair Corr
0.53	JIMFX	Johnson Institutional	Pair Corr
0.51	JIBEX	Johnson Institutional	Pair Corr
0.51	JIMEX	Johnson Institutional	Pair Corr
0.36	JINTX	Johnson International	Pair Corr

Related Correlations Analysis

	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX
JCPLX		-0.64	-0.54	-0.53	1.0	0.78	1.0	0.99	0.99	0.86	JCPLX
JENHX	-0.64		0.85	0.91	-0.64	-0.2	-0.64	-0.6	-0.6	-0.3	JENHX
JEQIX	-0.54	0.85		0.92	-0.53	-0.23	-0.53	-0.51	-0.51	-0.28	JEQIX
JEQSX	-0.53	0.91	0.92		-0.53	-0.23	-0.53	-0.51	-0.51	-0.29	JEQSX
JIBSX	1.0	-0.64	-0.53	-0.53		0.78	1.0	0.99	0.99	0.87	JIBSX
JIBDX	0.78	-0.2	-0.23	-0.23	0.78		0.78	0.82	0.82	0.92	JIBDX
JIBFX	1.0	-0.64	-0.53	-0.53	1.0	0.78		0.99	0.99	0.87	JIBFX
JIBEX	0.99	-0.6	-0.51	-0.51	0.99	0.82	0.99		1.0	0.91	JIBEX
JIMEX	0.99	-0.6	-0.51	-0.51	0.99	0.82	0.99	1.0		0.91	JIMEX
JIMDX	0.86	-0.3	-0.28	-0.29	0.87	0.92	0.87	0.91	0.91		JIMDX
	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX

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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

JIBSX	+ 1.0	JCPLX
JIBFX	+ 1.0	JCPLX
JIBFX	+ 1.0	JIBSX
JIMEX	+ 1.0	JIBEX
JIBEX	+ 0.99	JCPLX
JIMEX	+ 0.99	JCPLX

High negative correlations

JIBFX	- 0.64	JENHX
JIBSX	- 0.64	JENHX
JENHX	- 0.64	JCPLX
JIMEX	- 0.6	JENHX
JIBEX	- 0.6	JENHX
JEQIX	- 0.54	JCPLX

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Equity 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 Equity'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
JCPLX	0.26	(0.02)	0.00	0.40	0.00	0.00	0.47	(0.55)	1.41
JENHX	0.55	(0.01)	(0.05)	0.10	0.67	(0.61)	1.13	(1.26)	3.79
JEQIX	0.49	0.07	(0.07)	6.30	0.50	(0.52)	0.90	(0.81)	3.06
JEQSX	0.49	(0.02)	(0.08)	0.09	0.49	(0.53)	0.93	(0.82)	3.04
JIBSX	0.26	(0.02)	0.00	0.37	0.00	0.00	0.55	(0.55)	1.46
JIBDX	0.08	(0.01)	(0.98)	(0.45)	0.09	(0.11)	0.13	(0.13)	0.47
JIBFX	0.26	(0.02)	0.00	0.38	0.00	0.00	0.55	(0.49)	1.53
JIBEX	0.17	(0.02)	0.00	0.47	0.00	0.00	0.28	(0.41)	1.03
JIMEX	0.18	(0.02)	0.00	0.42	0.00	0.00	0.33	(0.34)	0.93
JIMDX	0.08	(0.01)	(0.82)	0.38	0.10	(0.11)	0.13	(0.20)	0.60

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