Jensen Quality Correlations

Mutual Funds . USA . 
Fund . Jensen Quality Value
JNVSX Fund  USD 18.03  0.04  0.22%   
The current 90-days correlation between Jensen Quality Value and Applied Finance Explorer is 0.76 (i.e., Poor diversification). The correlation of Jensen Quality 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.

Jensen Quality Correlation With Market

Poor diversification

The correlation between Jensen Quality Value and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jensen Quality Value 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 Jensen Quality Value. 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 JENSEN Mutual Fund

  0.93JENIX Jensen PortfolioPairCorr
  0.93JENSX Jensen PortfolioPairCorr
  0.93JENYX Jensen PortfolioPairCorr
  0.82JGQSX Jensen Global QualityPairCorr
  0.82JGQYX Jensen Global QualityPairCorr
  0.9VIMAX Vanguard Mid CapPairCorr
  0.9VIMSX Vanguard Mid CapPairCorr
  0.9VMCPX Vanguard Mid CapPairCorr
  0.9VMCIX Vanguard Mid CapPairCorr
  0.9VEXAX Vanguard Extended MarketPairCorr
  0.9VEMPX Vanguard Extended MarketPairCorr
  0.9VIEIX Vanguard Extended MarketPairCorr
  0.9VSEMX Vanguard Extended MarketPairCorr
  0.9VEXMX Vanguard Extended MarketPairCorr
  0.9FSMAX Fidelity Extended MarketPairCorr
  0.82CISGX Touchstone Sands CapitalPairCorr

Moving against JENSEN Mutual Fund

  0.46EPDPX Europac InternationalPairCorr
  0.45UGPIX Ultrachina ProfundPairCorr
  0.45UGPSX Ultrachina ProfundPairCorr
  0.38PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.35SGDLX Sprott Gold EquityPairCorr
  0.62GF New Germany ClosedPairCorr
  0.54VSGDX Vanguard Short TermPairCorr
  0.53PSDNX Putnam Ultra ShortPairCorr
  0.5BISMX Brandes InternationalPairCorr
  0.48ARBOX Absolute ConvertiblePairCorr
  0.44ABNOX Ab Bond InflationPairCorr
  0.44USGDX Morgan Stanley GovernmentPairCorr
  0.4EMBAX Unconstrained EmergingPairCorr
  0.4HRBDX Harbor Bond FundPairCorr
  0.36MEERX Massmutual PremierPairCorr
  0.35VICSX Vanguard Intermediate-terPairCorr
  0.34SAEMX Sa Emerging MarketsPairCorr
  0.33GIOIX Guggenheim Macro OppPairCorr
  0.32DLDFX Destinations Low DurationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between JENSEN Mutual Fund performing well and Jensen Quality 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 Jensen Quality'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.

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