Johcm Global Correlations
| JOFIXDelisted Fund | USD 9.72 0.00 0.00% |
The current 90-days correlation between Johcm Global Income and Transamerica Emerging Markets is -0.09 (i.e., Good diversification). The correlation of Johcm Global 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.
Johcm Global Correlation With Market
Good diversification
The correlation between Johcm Global Income and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm Global Income and DJI in the same portfolio, assuming nothing else is changed.
Johcm |
Moving against Johcm Mutual Fund
| 0.5 | RIRAX | Capital Income Builder | PairCorr |
| 0.5 | CIRCX | Capital Income Builder | PairCorr |
| 0.5 | RIRBX | Capital Income Builder | PairCorr |
| 0.5 | BRUFX | Bruce Fund Bruce | PairCorr |
| 0.49 | RIRCX | Capital Income Builder | PairCorr |
| 0.49 | CIREX | Capital Income Builder | PairCorr |
| 0.49 | CIRAX | Capital Income Builder | PairCorr |
| 0.48 | RIRFX | Capital Income Builder | PairCorr |
| 0.48 | CAIFX | Capital Income Builder | PairCorr |
| 0.48 | CIRFX | Capital Income Builder | PairCorr |
| 0.45 | RIREX | Capital Income Builder | PairCorr |
| 0.39 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.61 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.56 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.35 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Johcm Mutual Fund performing well and Johcm Global 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 Johcm Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEOJX | 0.65 | (0.05) | (0.14) | (0.03) | 0.84 | 1.76 | 4.91 | |||
| REMVX | 0.85 | (0.07) | 0.00 | (0.05) | 0.00 | 1.74 | 6.85 | |||
| SMQFX | 0.59 | (0.04) | (0.15) | 0.00 | 0.76 | 1.27 | 3.52 | |||
| SPMIX | 0.83 | (0.13) | (0.06) | 0.01 | 1.80 | 1.67 | 5.24 | |||
| POEIX | 0.76 | (0.05) | (0.11) | 0.03 | 0.94 | 1.54 | 5.70 | |||
| QNZIX | 0.60 | (0.01) | (0.06) | 0.11 | 0.72 | 1.06 | 3.72 | |||
| XWDIX | 0.17 | (0.02) | 0.00 | (1.84) | 0.00 | 0.32 | 1.39 |
Johcm Global Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Johcm Global mutual fund to make a market-neutral strategy. Peer analysis of Johcm Global could also be used in its relative valuation, which is a method of valuing Johcm Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Johcm Global Income?
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