Johnson Institutional Correlations

Mutual Funds . USA . 
Fund . Johnson Institutional Short
JIMDX Fund  USD 15.02  0.01  0.07%   
The current 90-days correlation between Johnson Institutional and Johnson Core Plus is 0.88 (i.e., Very poor diversification). The correlation of Johnson Institutional 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 Institutional Correlation With Market

Average diversification

The correlation between Johnson Institutional Short and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Institutional Short 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 Institutional Short. 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 unemployment.

Moving together with Johnson Mutual Fund

  0.64JCPLX Johnson Core PlusPairCorr
  0.98JIBDX Johnson InstitutionalPairCorr
  0.65JIBFX Johnson InstitutionalPairCorr
  0.75JIBEX Johnson InstitutionalPairCorr
  0.77JIMEX Johnson InstitutionalPairCorr
  0.65JIMFX Johnson InstitutionalPairCorr
  0.7JMUNX Johnson Municipal IncomePairCorr
  0.76VBIRX Vanguard Short TermPairCorr
  0.61VFSUX Vanguard Short TermPairCorr
  0.92VFSIX Vanguard Short TermPairCorr
  0.92VFSTX Vanguard Short TermPairCorr
  0.76VBITX Vanguard Short TermPairCorr
  0.76VBISX Vanguard Short TermPairCorr
  0.68LALDX Lord Abbett ShortPairCorr
  0.63VSCSX Vanguard Short TermPairCorr
  0.62LDLRX Lord Abbett ShortPairCorr

Moving against Johnson Mutual Fund

  0.56RPIEX T Rowe PricePairCorr
  0.33JSOSX Jpmorgan Strategic IncomePairCorr

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 Institutional 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 Institutional'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JCPLX  0.26 (0.06) 0.00 (1.13) 0.00 
 0.00 
 0.48 
(0.63)
 1.65 
JENHX  0.66 (0.06) 0.00 (0.17) 0.00 
 0.00 
 1.22 
(1.26)
 8.10 
JEQIX  0.60 (0.12) 0.00 (0.35) 0.00 
 0.00 
 0.90 
(1.23)
 9.46 
JEQSX  0.59 (0.11) 0.00 (0.35) 0.00 
 0.00 
 0.93 
(1.23)
 9.20 
JIBDX  0.07 (0.01) 0.00 (0.99) 0.00 
 0.00 
 0.14 
(0.13)
 0.54 
JIBFX  0.27 (0.06) 0.00 (0.92) 0.00 
 0.00 
 0.57 
(0.63)
 1.82 
JIBEX  0.17 (0.04) 0.00 (1.02) 0.00 
 0.00 
 0.34 
(0.41)
 1.17 
JIMEX  0.16 (0.03) 0.00 (1.34) 0.00 
 0.00 
 0.34 
(0.34)
 1.08 
JIMDX  0.07 (0.01) 0.00 (0.55) 0.00 
 0.00 
 0.13 
(0.20)
 0.60 
JIMFX  0.27 (0.06) 0.00 (0.98) 0.00 
 0.00 
 0.55 
(0.62)
 1.86 

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