Johcm Emerging Correlations

JOEAX Fund

USD 14.67 0.52 3.42%

The current 90-days correlation between Johcm Emerging Markets and Harbor Large Cap is 0.38 (i.e., Weak 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

Very weak diversification

The correlation between Johcm Emerging Markets and DJI is 0.54 (i.e., Very weak 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 nation.

Moving together with Johcm Mutual Fund

0.64	TSWHX	Tswhgyldbdinstl	Pair Corr
1.0	JOEIX	Johcm Emerging Markets	Pair Corr
1.0	JOEMX	Johcm Emerging Markets	Pair Corr
0.61	JOHIX	Johcm International	Pair Corr
0.7	VEMAX	Vanguard Emerging Markets	Pair Corr
0.7	VEIEX	Vanguard Emerging Markets	Pair Corr
0.7	VEMIX	Vanguard Emerging Markets	Pair Corr
0.7	VEMRX	Vanguard Emerging Markets	Pair Corr
0.79	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.9	NEWCX	New World Fund	Pair Corr
0.9	FWWNX	American Funds New	Pair Corr
0.9	FNFWX	American Funds New	Pair Corr
0.67	PQTAX	Pimco Trends Managed	Pair Corr
0.74	PQTNX	Pimco Trends Managed	Pair Corr
0.74	PQTIX	Aa Pimco Tr	Pair Corr
0.79	FBJYGX	Fbjygx	Pair Corr
0.79	VTIVX	Vanguard Target Reti	Pair Corr
0.67	NQQQX	Shelton Funds	Pair Corr
0.83	FDGRX	Fidelity Growth Pany	Pair Corr
0.63	RPNIX	Riverparknext Century	Pair Corr
0.73	BHYAX	Blackrock High Yield	Pair Corr
0.79	PSILX	Spectrum International	Pair Corr
0.64	EVMLX	Evaluator Moderate Rms	Pair Corr
0.73	FLMTX	Franklin Lifesmart	Pair Corr

Related Correlations Analysis

	HAVLX	WAAEX	BAUAX	JHYRX	JHYAX	JAHYX	JHYNX	AMFAX	SAGWX	BOSOX
HAVLX		0.62	0.85	0.7	0.52	0.66	0.63	0.15	0.8	0.9	HAVLX
WAAEX	0.62		0.86	0.46	0.24	0.41	0.4	-0.02	0.48	0.66	WAAEX
BAUAX	0.85	0.86		0.52	0.31	0.47	0.44	-0.04	0.6	0.86	BAUAX
JHYRX	0.7	0.46	0.52		0.86	0.98	0.98	0.34	0.71	0.53	JHYRX
JHYAX	0.52	0.24	0.31	0.86		0.87	0.84	0.53	0.62	0.33	JHYAX
JAHYX	0.66	0.41	0.47	0.98	0.87		0.99	0.4	0.68	0.48	JAHYX
JHYNX	0.63	0.4	0.44	0.98	0.84	0.99		0.4	0.67	0.45	JHYNX
AMFAX	0.15	-0.02	-0.04	0.34	0.53	0.4	0.4		0.38	-0.05	AMFAX
SAGWX	0.8	0.48	0.6	0.71	0.62	0.68	0.67	0.38		0.62	SAGWX
BOSOX	0.9	0.66	0.86	0.53	0.33	0.48	0.45	-0.05	0.62		BOSOX
	HAVLX	WAAEX	BAUAX	JHYRX	JHYAX	JAHYX	JHYNX	AMFAX	SAGWX	BOSOX

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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

JHYNX	+ 0.99	JAHYX
JAHYX	+ 0.98	JHYRX
JHYNX	+ 0.98	JHYRX
BOSOX	+ 0.9	HAVLX
JAHYX	+ 0.87	JHYAX
BAUAX	+ 0.86	WAAEX

High negative correlations

BOSOX	- 0.05	AMFAX
AMFAX	- 0.04	BAUAX
AMFAX	- 0.02	WAAEX

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
HAVLX	0.57	(0.05)	(0.08)	0.01	0.71	(0.61)	1.21	(1.09)	3.42
WAAEX	0.83	(0.11)	0.00	(0.03)	0.00	0.00	1.99	(1.81)	5.02
BAUAX	0.81	(0.09)	(0.07)	(0.01)	1.04	(0.90)	1.87	(1.50)	4.59
JHYRX	0.14	(0.01)	(0.29)	(0.01)	0.13	(0.22)	0.27	(0.27)	0.81
JHYAX	0.16	0.01	(0.24)	0.41	0.12	(0.23)	0.40	(0.40)	1.08
JAHYX	0.15	(0.01)	(0.28)	0.00	0.13	(0.24)	0.27	(0.27)	1.08
JHYNX	0.15	(0.01)	(0.29)	(0.01)	0.14	(0.28)	0.40	(0.27)	1.08
AMFAX	0.62	0.07	0.01	0.58	0.70	(0.68)	1.21	(1.20)	3.58
SAGWX	0.83	(0.02)	(0.05)	0.00	1.28	(0.87)	1.73	(1.58)	4.57
BOSOX	0.69	(0.07)	(0.08)	(0.01)	0.82	(0.85)	1.77	(1.52)	4.12

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