Henderson Emerging Correlations

HEMIX Fund

USD 9.31 0.02 0.22%

The current 90-days correlation between Henderson Emerging and Janus Research Fund is -0.12 (i.e., Good diversification). The correlation of Henderson 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.

Henderson Emerging Correlation With Market

Modest diversification

The correlation between Henderson Emerging Markets and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Henderson 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 Henderson 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 gross domestic product.

Moving together with Henderson Mutual Fund

0.81

JAIGX

Overseas Portfolio

Pair Corr

Moving against Henderson Mutual Fund

0.49	JRSDX	Intech Managed Volatility	Pair Corr
0.49	JRSTX	Intech Managed Volatility	Pair Corr
0.46	JRAAX	Janus Research	Pair Corr
0.46	JRANX	Janus Research	Pair Corr
0.44	JAAGX	Enterprise Portfolio	Pair Corr
0.43	JRSNX	Intech Managed Volatility	Pair Corr
0.43	JRSSX	Intech Managed Volatility	Pair Corr
0.42	JRSCX	Intech Managed Volatility	Pair Corr
0.4	JRSAX	Intech Managed Volatility	Pair Corr
0.39	JRAIX	Janus Research	Pair Corr
0.38	JRASX	Janus Research	Pair Corr
0.38	JRSIX	Intech Managed Volatility	Pair Corr
0.37	JRARX	Janus Henderson Research	Pair Corr
0.35	JRACX	Janus Research	Pair Corr
0.52	JAGRX	Research Portfolio	Pair Corr
0.46	JACAX	Forty Portfolio Inst	Pair Corr
0.42	JANVX	Janus Venture	Pair Corr
0.39	JAMRX	Janus Research	Pair Corr
0.36	JAMVX	Janus Aspen Perkins	Pair Corr
0.34	JSCVX	Perkins Small Cap	Pair Corr

Related Correlations Analysis

	JRAAX	JRAIX	JRANX	JRARX	JRASX	JAAGX	JABAX	JABCX	JRSAX	JRSDX
JRAAX		0.89	1.0	0.88	0.88	0.78	0.55	0.46	0.88	0.92	JRAAX
JRAIX	0.89		0.89	1.0	1.0	0.84	0.49	0.52	0.91	0.81	JRAIX
JRANX	1.0	0.89		0.88	0.88	0.78	0.54	0.45	0.88	0.92	JRANX
JRARX	0.88	1.0	0.88		1.0	0.82	0.5	0.55	0.91	0.79	JRARX
JRASX	0.88	1.0	0.88	1.0		0.82	0.5	0.55	0.91	0.79	JRASX
JAAGX	0.78	0.84	0.78	0.82	0.82		0.51	0.49	0.92	0.86	JAAGX
JABAX	0.55	0.49	0.54	0.5	0.5	0.51		0.87	0.66	0.59	JABAX
JABCX	0.46	0.52	0.45	0.55	0.55	0.49	0.87		0.67	0.4	JABCX
JRSAX	0.88	0.91	0.88	0.91	0.91	0.92	0.66	0.67		0.89	JRSAX
JRSDX	0.92	0.81	0.92	0.79	0.79	0.86	0.59	0.4	0.89		JRSDX
	JRAAX	JRAIX	JRANX	JRARX	JRASX	JAAGX	JABAX	JABCX	JRSAX	JRSDX

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Risk-Adjusted Indicators

There is a big difference between Henderson Mutual Fund performing well and Henderson 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 Henderson 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
JRAAX	0.79	0.04	0.01	0.35	1.42	(0.70)	1.66	(2.51)	6.81
JRAIX	0.78	0.03	0.02	0.06	1.43	(0.69)	1.66	(2.51)	6.74
JRANX	0.79	0.04	0.01	0.37	1.41	(0.70)	1.66	(2.50)	6.75
JRARX	0.79	0.02	0.01	0.05	1.46	(0.69)	1.65	(2.51)	6.93
JRASX	0.79	0.02	0.01	0.05	1.46	(0.69)	1.66	(2.50)	6.98
JAAGX	0.61	(0.01)	(0.01)	0.01	0.87	(0.58)	1.28	(1.12)	5.49
JABAX	0.45	(0.07)	0.00	(0.82)	0.00	0.00	0.76	(1.05)	6.49
JABCX	0.44	(0.08)	0.00	(0.12)	0.00	0.00	0.78	(1.07)	6.33
JRSAX	0.55	(0.01)	(0.01)	0.01	1.01	(0.52)	1.18	(1.06)	5.59
JRSDX	0.54	0.02	0.00	0.25	0.94	(0.53)	1.14	(1.09)	4.87

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