Johnson Enhanced Correlations

Mutual Funds . USA . 
Fund . Johnson Enhanced Return
JENHX Fund  USD 17.26  0.03  0.17%   
The current 90-days correlation between Johnson Enhanced Return and Invesco Disciplined Equity is 0.6 (i.e., Poor diversification). The correlation of Johnson Enhanced 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 Enhanced Correlation With Market

Modest diversification

The correlation between Johnson Enhanced Return and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Enhanced Return 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 Enhanced Return. 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 rate.

Moving together with Johnson Mutual Fund

  0.91JEQIX Johnson Equity IncomePairCorr
  0.91JEQSX Johnson Equity IncomePairCorr
  0.72JMUNX Johnson Municipal IncomePairCorr
  0.87JOPPX Johnson OpportunityPairCorr
  0.87JOSSX Johnson OpportunityPairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.73VTSMX Vanguard Total StockPairCorr
  0.7VITSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.81VIIIX Vanguard InstitutionalPairCorr
  0.65FSMAX Fidelity Extended MarketPairCorr
  0.66TMIFX Transamerica Mid CapPairCorr
  0.62FSHNX Fidelity Series HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Enhanced 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 Enhanced'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY