Johcm International Correlations

Mutual Funds . USA . 
Fund . Johcm International Select
JOHAX Fund  USD 23.30  0.03  0.13%   
The current 90-days correlation between Johcm International and Ab Small Cap is 0.06 (i.e., Significant diversification). The correlation of Johcm International 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 International Correlation With Market

Very weak diversification

The correlation between Johcm International Select and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm International Select 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 Johcm International Select. 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 nation.

Moving together with Johcm Mutual Fund

  0.96REGIX Regnan Uk UmbrellaPairCorr
  1.0JOHIX Johcm InternationalPairCorr
  0.87JOMEX Johcm Emerging MarketsPairCorr
  0.83JOMMX Johcm Emerging MarketsPairCorr
  0.97JOPSX Johcm InternationalPairCorr
  0.78RERFX Europacific GrowthPairCorr
  0.86AEPFX Europacific GrowthPairCorr
  0.79CEUAX Europacific GrowthPairCorr
  0.88CEUCX Europacific GrowthPairCorr
  0.87RERCX Europacific GrowthPairCorr
  0.87REREX Europacific GrowthPairCorr
  0.78RERGX Europacific GrowthPairCorr
  0.86CEUFX Europacific GrowthPairCorr
  0.79CEUEX Europacific GrowthPairCorr
  0.88RERAX Europacific GrowthPairCorr

Moving against Johcm Mutual Fund

  0.48TSWHX TswhgyldbdinstlPairCorr
  0.76SPMPX Invesco Steelpath MlpPairCorr
  0.76SPMJX Invesco Steelpath MlpPairCorr
  0.76MLPNX Oppenheimer Steelpath MlpPairCorr
  0.76MLPLX Oppenheimer Steelpath MlpPairCorr
  0.76MLPMX Oppenheimer Steelpath MlpPairCorr
  0.76OSPPX Oppenheimer Steelpath MlpPairCorr
  0.73LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.72LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.7FFRHX Fidelity Advisor FloatingPairCorr
  0.5IGOAX Rational Inflation GrowthPairCorr
  0.49UBVSX Undiscovered ManagersPairCorr
  0.45VFINX Vanguard 500 IndexPairCorr
  0.45FMILX Fidelity New MillenniumPairCorr
  0.44FTAGX Salient Tactical GrowthPairCorr
  0.43HFMIX Hartford MidcapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm International 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 International'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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