Johcm Global Correlations

Mutual Funds . USA . 
Fund . Johcm Global Equity
JOGIX Fund  USD 11.80  0.01  0.08%   
The current 90-days correlation between Johcm Global Equity and Columbia Global Technology is -0.09 (i.e., Good diversification). The correlation of Johcm Global 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 Global Correlation With Market

Weak diversification

The correlation between Johcm Global Equity and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm Global Equity 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 Global Equity. 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

  0.65JOEAX Johcm Emerging MarketsPairCorr
  0.75JOGEX Johcm Global EquityPairCorr
  0.8FNFPX American Funds NewPairCorr
  0.8FFPNX American Funds NewPairCorr
  0.8NPFCX New PerspectivePairCorr
  0.69ANWPX New PerspectivePairCorr
  0.7NPFFX New PerspectivePairCorr
  0.7CNPAX New PerspectivePairCorr
  0.8CNPEX New PerspectivePairCorr
  0.8CNPFX New PerspectivePairCorr
  0.7CNPCX New PerspectivePairCorr
  0.7RNPAX New PerspectivePairCorr
  0.62AASCX Thrivent Mid CapPairCorr
  0.73JRBFX Regional BankPairCorr
  0.63RLECX Us Small CapPairCorr
  0.63PJGRX Prudential JennisonPairCorr
  0.77RMOYX Victory Rs MidPairCorr
  0.62JLBKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm Global 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 Global'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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