Johnson Mutual Correlations

JIBSX Fund

14.11 0.05 0.36%

The current 90-days correlation between Johnson Mutual Funds and Barings Global Floating is 0.06 (i.e., Significant diversification). The correlation of Johnson Mutual 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 Mutual Correlation With Market

Average diversification

The correlation between Johnson Mutual Funds and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Mutual Funds 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 Mutual Funds. 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 state.

Moving together with Johnson Mutual Fund

0.84	JCPLX	Johnson Core Plus	Pair Corr
0.84	JIBFX	Johnson Institutional	Pair Corr
0.83	JIBEX	Johnson Institutional	Pair Corr
0.78	JIMEX	Johnson Institutional	Pair Corr
0.84	JIMFX	Johnson Institutional	Pair Corr
0.86	JINTX	Johnson International	Pair Corr
0.86	VBTLX	Vanguard Total Bond	Pair Corr
0.82	VBMFX	Vanguard Total Bond	Pair Corr
0.82	VBTIX	Vanguard Total Bond	Pair Corr
0.82	VTBSX	Vanguard Total Bond	Pair Corr
0.82	VTBIX	Vanguard Total Bond	Pair Corr
0.82	VTBNX	Vanguard Total Bond	Pair Corr
0.89	BFAFX	Bond Fund	Pair Corr
0.89	ABNDX	Bond Fund	Pair Corr
0.9	BFACX	Bond Fund	Pair Corr
0.88	FFBOX	American Funds	Pair Corr
0.71	PFHCX	Pacific Funds Small	Pair Corr
0.82	NHS	Neuberger Berman High	Pair Corr

Moving against Johnson Mutual Fund

0.64	FRPCX	Fidelity Sai Alternative	Pair Corr
0.57	LGRAX	Lord Abbett Investment	Pair Corr
0.54	ALCFX	Alger Capital Apprec	Pair Corr
0.53	PYLMX	Payden Limited Maturity	Pair Corr
0.51	FSPTX	Technology Portfolio	Pair Corr
0.49	JAFUX	John Hancock Variable	Pair Corr
0.49	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.48	VTCAX	Vanguard Telecommunicatio	Pair Corr
0.45	PGTIX	T Rowe Price	Pair Corr
0.31	FSCPX	Consumer Discretionary	Pair Corr

Related Correlations Analysis

	BXFIX	RGELX	AMONX	RHSAX	DFELX	RETSX
BXFIX		0.43	-0.12	0.12	0.77	0.68	BXFIX
RGELX	0.43		0.74	0.87	0.83	0.9	RGELX
AMONX	-0.12	0.74		0.74	0.33	0.49	AMONX
RHSAX	0.12	0.87	0.74		0.6	0.69	RHSAX
DFELX	0.77	0.83	0.33	0.6		0.98	DFELX
RETSX	0.68	0.9	0.49	0.69	0.98		RETSX
	BXFIX	RGELX	AMONX	RHSAX	DFELX	RETSX

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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

RETSX	+ 0.98	DFELX
RETSX	+ 0.9	RGELX
RHSAX	+ 0.87	RGELX
DFELX	+ 0.83	RGELX
DFELX	+ 0.77	BXFIX
AMONX	+ 0.74	RGELX

High negative correlations

AMONX

- 0.12

BXFIX

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Mutual 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 Mutual'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
BXFIX	0.07	0.00	(0.05)	0.00	0.00	(0.18)	0.12	(0.12)	0.81
RGELX	0.55	(0.01)	(0.02)	(0.03)	0.86	(0.54)	1.03	(1.29)	4.49
AMONX	0.94	(0.13)	0.00	(0.11)	0.00	0.00	1.25	(1.85)	15.43
RHSAX	1.10	(0.08)	0.00	(0.16)	0.00	0.00	1.84	(2.65)	13.20
DFELX	0.58	0.03	0.02	0.18	0.84	(0.61)	1.21	(1.12)	5.57
RETSX	0.54	0.02	0.01	0.11	0.77	(0.56)	1.03	(1.02)	5.40

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