Johcm Emerging Correlations

JOMEX Fund

USD 14.45 0.09 0.63%

The current 90-days correlation between Johcm Emerging Markets and Regnan Uk Umbrella is 0.57 (i.e., Very weak diversification). The correlation of Johcm Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Johcm Emerging Markets 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 Emerging Markets 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 Emerging Markets. 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 income.

Moving together with Johcm Mutual Fund

0.83	REGIX	Regnan Uk Umbrella	Pair Corr
0.74	TSWMX	Tsw Emerging Markets	Pair Corr
0.87	JOHIX	Johcm International	Pair Corr
0.87	JOHAX	Johcm International	Pair Corr
0.94	JOMMX	Johcm Emerging Markets	Pair Corr
0.89	JOPSX	Johcm International	Pair Corr
0.71	FWWNX	American Funds New	Pair Corr
0.71	FNFWX	American Funds New	Pair Corr
0.81	NEWFX	New World Fund	Pair Corr
0.81	NWFFX	New World Fund	Pair Corr
0.82	NEWCX	New World Fund	Pair Corr
0.79	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Johcm Mutual Fund

0.51	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.51	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.51	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.49	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.49	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.49	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.49	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.47	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.45	SMAPX	Salient Mlp Energy	Pair Corr

Related Correlations Analysis

	REGIX	TSWHX	TSWMX	JOEAX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX
REGIX		-0.57	0.48	0.18	-0.42	0.11	0.17	0.96	-0.42	0.96	REGIX
TSWHX	-0.57		0.13	0.45	0.71	0.46	0.45	-0.48	0.71	-0.48	TSWHX
TSWMX	0.48	0.13		0.88	0.21	0.89	0.88	0.49	0.21	0.49	TSWMX
JOEAX	0.18	0.45	0.88		0.49	0.96	1.0	0.23	0.49	0.23	JOEAX
JOGEX	-0.42	0.71	0.21	0.49		0.51	0.5	-0.27	1.0	-0.28	JOGEX
JOEIX	0.11	0.46	0.89	0.96	0.51		0.96	0.14	0.51	0.14	JOEIX
JOEMX	0.17	0.45	0.88	1.0	0.5	0.96		0.23	0.5	0.22	JOEMX
JOHIX	0.96	-0.48	0.49	0.23	-0.27	0.14	0.23		-0.28	1.0	JOHIX
JOGIX	-0.42	0.71	0.21	0.49	1.0	0.51	0.5	-0.28		-0.28	JOGIX
JOHAX	0.96	-0.48	0.49	0.23	-0.28	0.14	0.22	1.0	-0.28		JOHAX
	REGIX	TSWHX	TSWMX	JOEAX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX

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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

JOEMX	+ 1.0	JOEAX
JOGIX	+ 1.0	JOGEX
JOHAX	+ 1.0	JOHIX
JOHIX	+ 0.96	REGIX
JOHAX	+ 0.96	REGIX
JOEIX	+ 0.96	JOEAX

High negative correlations

TSWHX	- 0.57	REGIX
JOHAX	- 0.48	TSWHX
JOHIX	- 0.48	TSWHX
JOGIX	- 0.42	REGIX
JOGEX	- 0.42	REGIX
JOHAX	- 0.28	JOGIX

Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm Emerging 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 Emerging'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
REGIX	0.69	(0.19)	0.00	(0.26)	0.00	0.00	1.27	(1.66)	3.98
TSWHX	0.11	0.02	(0.71)	(0.84)	0.00	(0.17)	0.32	(0.21)	0.76
TSWMX	0.57	(0.04)	0.00	0.58	0.00	0.00	1.17	(0.84)	4.54
JOEAX	0.76	0.01	(0.09)	0.16	0.89	(0.92)	1.77	(1.46)	5.82
JOGEX	0.70	(0.01)	(0.04)	0.10	0.91	(0.73)	1.67	(1.62)	4.55
JOEIX	0.78	0.02	(0.11)	(0.15)	0.93	(0.94)	1.76	(1.64)	5.81
JOEMX	0.76	0.01	(0.09)	0.16	0.88	(0.91)	1.76	(1.47)	5.80
JOHIX	0.62	(0.16)	0.00	(0.20)	0.00	0.00	1.19	(1.62)	4.55
JOGIX	0.70	(0.01)	(0.04)	0.10	0.89	(0.75)	1.66	(1.61)	4.54
JOHAX	0.62	(0.16)	0.00	(0.20)	0.00	0.00	1.15	(1.62)	4.54

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