Johcm International Correlations

JOHAX Fund

USD 23.99 0.25 1.05%

The current 90-days correlation between Johcm International and The Gamco Global is 0.68 (i.e., Poor diversification). The correlation of Johcm 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.

Johcm International Correlation With Market

Very weak diversification

The correlation between Johcm International Select and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm International Select 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 Johcm International Select. 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 nation.

Moving together with Johcm Mutual Fund

1.0	JOHIX	Johcm International	Pair Corr
0.86	RERFX	Europacific Growth	Pair Corr
0.86	AEPFX	Europacific Growth	Pair Corr
0.87	CEUAX	Europacific Growth	Pair Corr
0.88	CEUCX	Europacific Growth	Pair Corr
0.87	RERCX	Europacific Growth	Pair Corr
0.87	REREX	Europacific Growth	Pair Corr
0.8	RERGX	Europacific Growth	Pair Corr
0.86	CEUFX	Europacific Growth	Pair Corr
0.87	CEUEX	Europacific Growth	Pair Corr
0.88	RERAX	Europacific Growth	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Johcm Mutual Fund

0.77	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.77	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.76	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.75	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.75	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.75	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.63	SAGAX	Ridgeworth Innovative	Pair Corr
0.53	AMEIX	Equity Growth	Pair Corr
0.38	JOGEX	Johcm Global Equity	Pair Corr
0.79	BAC	Bank of America Aggressive Push	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	DIS	Walt Disney Sell-off Trend	Pair Corr
0.7	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.64	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.56	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.51	AMGIX	Income Growth	Pair Corr
0.46	MLMAX	Global E Portfolio	Pair Corr
0.33	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	GACCX	ARBOX	VAADX	XNCVX
GACCX		0.47	0.42	0.42	GACCX
ARBOX	0.47		0.9	0.87	ARBOX
VAADX	0.42	0.9		0.98	VAADX
XNCVX	0.42	0.87	0.98		XNCVX
	GACCX	ARBOX	VAADX	XNCVX

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Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm 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 Johcm 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
GACCX	0.54	(0.05)	(0.15)	0.04	0.65	(0.53)	1.06	(1.08)	3.19
ARBOX	0.05	0.02	0.00	5.23	0.00	0.00	0.09	0.00	0.26
VAADX	0.43	0.10	0.08	0.30	0.15	(0.53)	1.09	(0.84)	2.28
XNCVX	0.48	0.13	0.02	1.47	0.41	(0.61)	1.08	(0.80)	2.41

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