Johcm Emerging Correlations

JOMMX Fund

USD 12.78 0.07 0.54%

The current 90-days correlation between Johcm Emerging Markets and Tswhgyldbdinstl is 0.09 (i.e., Significant diversification). The correlation of Johcm Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Johcm Emerging Markets and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Johcm Mutual Fund

0.85

JOMEX

Johcm Emerging Markets

Pair Corr

Moving against Johcm Mutual Fund

0.52	TSWHX	Tswhgyldbdinstl	Pair Corr
0.61	PHYQX	Prudential High Yield	Pair Corr
0.6	FRSAX	Federated Floating Rate	Pair Corr
0.54	ASXDX	Short Duration Strategic	Pair Corr
0.46	MERFX	Merger Fund	Pair Corr
0.42	NHS	Neuberger Berman High	Pair Corr
0.39	GASFX	Hennessy Gas Utility	Pair Corr
0.37	USGNX	Government Securities	Pair Corr
0.35	FITZX	Franklin Federal Int	Pair Corr
0.34	PIPTX	Virtus Kar Global	Pair Corr
0.32	TCHTX	Cleartrack 2020 Class	Pair Corr
0.31	AVAYX	Ab Virginia Portfolio	Pair Corr
0.56	FHMIX	Federated Hermes Con	Pair Corr
0.51	RAMEX	Short Term Bond	Pair Corr
0.5	RNHIX	Rivernorthoaktree High	Pair Corr
0.48	PFIAX	Pimco Floating Income	Pair Corr

Related Correlations Analysis

	TSWHX	TSWMX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX	JOMEX
TSWHX		0.62	-0.14	0.64	0.64	0.68	-0.14	0.68	-0.48	TSWHX
TSWMX	0.62		-0.42	0.96	0.96	0.76	-0.42	0.76	0.0	TSWMX
JOGEX	-0.14	-0.42		-0.2	-0.2	0.2	1.0	0.2	0.32	JOGEX
JOEIX	0.64	0.96	-0.2		1.0	0.88	-0.19	0.88	0.04	JOEIX
JOEMX	0.64	0.96	-0.2	1.0		0.88	-0.2	0.88	0.04	JOEMX
JOHIX	0.68	0.76	0.2	0.88	0.88		0.2	1.0	0.01	JOHIX
JOGIX	-0.14	-0.42	1.0	-0.19	-0.2	0.2		0.21	0.32	JOGIX
JOHAX	0.68	0.76	0.2	0.88	0.88	1.0	0.21		0.02	JOHAX
JOMEX	-0.48	0.0	0.32	0.04	0.04	0.01	0.32	0.02		JOMEX
	TSWHX	TSWMX	JOGEX	JOEIX	JOEMX	JOHIX	JOGIX	JOHAX	JOMEX

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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

JOGIX	+ 1.0	JOGEX
JOEMX	+ 1.0	JOEIX
JOHAX	+ 1.0	JOHIX
JOEIX	+ 0.96	TSWMX
JOEMX	+ 0.96	TSWMX
JOHIX	+ 0.88	JOEIX

High negative correlations

JOMEX	- 0.48	TSWHX
JOGIX	- 0.42	TSWMX
JOGEX	- 0.42	TSWMX
JOGIX	- 0.2	JOEMX
JOEMX	- 0.2	JOGEX
JOEIX	- 0.2	JOGEX

Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm Emerging 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 Emerging'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
TSWHX	0.14	0.00	0.15	0.00	0.13	(0.19)	0.43	(0.22)	1.09
TSWMX	0.77	0.09	0.11	0.25	0.92	(0.84)	1.34	(1.53)	5.71
JOGEX	1.31	(0.10)	0.00	(0.14)	0.00	0.00	2.02	(3.99)	7.33
JOEIX	0.85	0.08	0.09	0.15	1.05	(0.87)	1.73	(1.78)	6.25
JOEMX	0.84	0.08	0.09	0.15	1.05	(0.87)	1.64	(1.85)	6.14
JOHIX	0.90	0.05	0.04	0.05	1.42	(0.84)	2.35	(2.04)	7.35
JOGIX	1.31	(0.10)	0.00	(0.14)	0.00	0.00	2.01	(4.06)	7.31
JOHAX	0.89	0.05	0.04	0.04	1.41	(0.83)	2.34	(2.04)	7.33
JOMEX	0.69	(0.07)	0.00	(0.32)	0.00	0.00	1.10	(2.25)	5.89

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