Johnson International Correlations

JINTX Fund

USD 32.04 0.64 2.04%

The current 90-days correlation between Johnson International and Johnson Core Plus is 0.23 (i.e., Modest diversification). The correlation of Johnson International 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 International Correlation With Market

Very weak diversification

The correlation between Johnson International Fund and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson International Fund 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 International Fund. 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 estimate.

Moving together with Johnson Mutual Fund

0.81	JCPLX	Johnson Core Plus	Pair Corr
0.81	JIBSX	Johnson Mutual Funds	Pair Corr
0.8	JIBFX	Johnson Institutional	Pair Corr
0.75	JIBEX	Johnson Institutional	Pair Corr
0.74	JIMEX	Johnson Institutional	Pair Corr
0.62	JIMDX	Johnson Institutional	Pair Corr
0.81	JIMFX	Johnson Institutional	Pair Corr
0.7	JMUNX	Johnson Municipal Income	Pair Corr
0.8	DOXFX	Dodge Cox International	Pair Corr
0.76	OANIX	Oakmark International	Pair Corr
0.8	DODFX	Dodge International Stock	Pair Corr
0.76	OAKIX	Oakmark International	Pair Corr
0.76	OAYIX	Oakmark International	Pair Corr
0.76	OAZIX	Oakmark International	Pair Corr
0.74	FINVX	Fidelity Series Inte	Pair Corr
0.91	VTRIX	Vanguard International	Pair Corr
0.72	RRIGX	T Rowe Price	Pair Corr
0.87	CSIIX	Columbia Small Cap	Pair Corr
0.75	BUFIX	Buffalo International	Pair Corr
0.62	SSTLX	Western Asset Short	Pair Corr
0.64	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.79	VICEX	Usa Mutuals Vice	Pair Corr
0.8	FFIFX	American Funds	Pair Corr
0.61	JSDHX	Jpmorgan Short Duration	Pair Corr
0.69	BALRX	Pioneer Solutions	Pair Corr
0.67	CBOCX	Intermediate Bond	Pair Corr
0.79	SSTDX	Saat Servative Strategy	Pair Corr
0.83	FHKCX	Fidelity China Region	Pair Corr

Related Correlations Analysis

	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX
JCPLX		-0.12	0.13	0.12	1.0	0.82	1.0	0.97	0.97	0.85	JCPLX
JENHX	-0.12		0.92	0.92	-0.13	-0.54	-0.15	-0.32	-0.31	-0.51	JENHX
JEQIX	0.13	0.92		1.0	0.12	-0.36	0.1	-0.08	-0.07	-0.32	JEQIX
JEQSX	0.12	0.92	1.0		0.11	-0.36	0.09	-0.08	-0.08	-0.32	JEQSX
JIBSX	1.0	-0.13	0.12	0.11		0.83	1.0	0.97	0.97	0.85	JIBSX
JIBDX	0.82	-0.54	-0.36	-0.36	0.83		0.84	0.93	0.93	1.0	JIBDX
JIBFX	1.0	-0.15	0.1	0.09	1.0	0.84		0.98	0.98	0.86	JIBFX
JIBEX	0.97	-0.32	-0.08	-0.08	0.97	0.93	0.98		1.0	0.95	JIBEX
JIMEX	0.97	-0.31	-0.07	-0.08	0.97	0.93	0.98	1.0		0.94	JIMEX
JIMDX	0.85	-0.51	-0.32	-0.32	0.85	1.0	0.86	0.95	0.94		JIMDX
	JCPLX	JENHX	JEQIX	JEQSX	JIBSX	JIBDX	JIBFX	JIBEX	JIMEX	JIMDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

JIBSX	+ 1.0	JCPLX
JIBFX	+ 1.0	JCPLX
JEQSX	+ 1.0	JEQIX
JIBFX	+ 1.0	JIBSX
JIMDX	+ 1.0	JIBDX
JIMEX	+ 1.0	JIBEX

High negative correlations

JIBDX	- 0.54	JENHX
JIMDX	- 0.51	JENHX
JIBDX	- 0.36	JEQSX
JIBDX	- 0.36	JEQIX
JIMDX	- 0.32	JEQSX
JIMDX	- 0.32	JEQIX

Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson International 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 International'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
JCPLX	0.27	(0.01)	0.00	(0.28)	0.00	0.00	0.56	(0.48)	1.45
JENHX	0.85	(0.08)	0.00	(0.20)	0.00	0.00	1.24	(1.80)	6.15
JEQIX	0.64	(0.08)	0.00	(0.23)	0.00	0.00	1.09	(1.32)	7.08
JEQSX	0.64	(0.08)	0.00	(0.23)	0.00	0.00	1.09	(1.32)	7.08
JIBSX	0.28	(0.01)	0.00	(0.36)	0.00	0.00	0.57	(0.48)	1.43
JIBDX	0.07	0.01	1.10	(5.24)	0.00	(0.11)	0.20	(0.13)	0.41
JIBFX	0.29	(0.01)	0.00	(0.30)	0.00	0.00	0.57	(0.49)	1.64
JIBEX	0.17	0.00	0.51	0.02	0.15	(0.22)	0.41	(0.28)	0.98
JIMEX	0.17	0.00	0.50	(0.03)	0.16	(0.23)	0.40	(0.27)	1.02
JIMDX	0.08	0.01	0.92	1.04	0.00	(0.11)	0.20	(0.13)	0.40

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