Johnson Equity Correlations

JEQIX Fund

USD 35.55 0.58 1.66%

The current 90-days correlation between Johnson Equity Income and Pfg American Funds is 0.41 (i.e., Very weak 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

Very weak diversification

The correlation between Johnson Equity Income and DJI is 0.49 (i.e., Very weak 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 gross domestic product.

Moving together with Johnson Mutual Fund

0.89	JENHX	Johnson Enhanced Return	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr
0.7	VIIIX	Vanguard Institutional	Pair Corr

Moving against Johnson Mutual Fund

0.51	SHRIX	Stone Ridge High	Pair Corr
0.56	CRDLX	Griffin Institutional	Pair Corr
0.41	BBBMX	Bbh Limited Duration	Pair Corr

Related Correlations Analysis

	PFCOX	WDIAX	BICPX	MXDPX	DLTZX	SSTDX
PFCOX		0.72	0.94	0.81	0.83	0.96	PFCOX
WDIAX	0.72		0.83	0.81	0.41	0.66	WDIAX
BICPX	0.94	0.83		0.91	0.63	0.88	BICPX
MXDPX	0.81	0.81	0.91		0.48	0.83	MXDPX
DLTZX	0.83	0.41	0.63	0.48		0.87	DLTZX
SSTDX	0.96	0.66	0.88	0.83	0.87		SSTDX
	PFCOX	WDIAX	BICPX	MXDPX	DLTZX	SSTDX

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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
PFCOX	0.18	0.01	0.00	(0.07)	0.00	0.00	0.42	(0.41)	1.16
WDIAX	0.66	0.02	0.00	(0.08)	0.00	0.00	1.23	(1.48)	3.64
BICPX	0.24	0.00	0.00	(0.13)	0.00	0.00	0.54	(0.45)	1.55
MXDPX	0.30	(0.05)	0.00	0.45	0.00	0.00	0.63	(0.73)	1.72
DLTZX	0.08	0.01	0.70	0.25	0.00	(0.19)	0.26	(0.13)	0.64
SSTDX	0.14	(0.01)	0.44	0.22	0.17	(0.19)	0.29	(0.29)	0.87

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