Johcm International Correlations

Mutual Funds . USA . 
Fund . Johcm International Select
JOHIX Fund  USD 23.83  0.34  1.41%   
The current 90-days correlation between Johcm International and Ishares Aggregate Bond is -0.04 (i.e., Good 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 0.45 (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 gross domestic product.

Moving together with Johcm Mutual Fund

  0.66TSWHX TswhgyldbdinstlPairCorr
  0.66TSWMX Tsw Emerging MarketsPairCorr
  0.82JOEAX Johcm Emerging MarketsPairCorr
  0.86JOEIX Johcm Emerging MarketsPairCorr
  0.8JOEMX Johcm Emerging MarketsPairCorr
  1.0JOHAX Johcm InternationalPairCorr
  0.89RERFX Europacific GrowthPairCorr
  0.81AEPFX Europacific GrowthPairCorr
  0.81CEUAX Europacific GrowthPairCorr
  0.89CEUCX Europacific GrowthPairCorr
  0.89RERCX Europacific GrowthPairCorr
  0.81REREX Europacific GrowthPairCorr
  0.81RERGX Europacific GrowthPairCorr
  0.89CEUFX Europacific GrowthPairCorr
  0.89CEUEX Europacific GrowthPairCorr
  0.82RERAX Europacific GrowthPairCorr
  0.73FITMX Fidelity Sai Interna Potential GrowthPairCorr
  0.66RROPX American Funds RetirementPairCorr
  0.7MRJIX Real Assets PortfolioPairCorr
  0.78CCWIX Chautauqua InternationalPairCorr
  0.76VZICX Vanguard InternationalPairCorr

Related Correlations Analysis

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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.

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