Johnson Equity Correlations

Mutual Funds . USA . 
Fund . Johnson Equity Income
JEQIX Fund  USD 39.68  0.06  0.15%   
The current 90-days correlation between Johnson Equity Income and Jhancock Disciplined Value is 0.09 (i.e., Significant diversification). The correlation of Johnson Equity 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.

Johnson Equity Correlation With Market

Very poor diversification

The correlation between Johnson Equity Income and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Equity Income 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 Johnson Equity Income. 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 Johnson Mutual Fund

  0.94JENHX Johnson Enhanced ReturnPairCorr
  1.0JEQSX Johnson Equity IncomePairCorr
  0.87JOPPX Johnson OpportunityPairCorr
  0.95JOSSX Johnson OpportunityPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.92VFFSX Vanguard 500 IndexPairCorr
  0.92VINIX Vanguard InstitutionalPairCorr
  0.92VIIIX Vanguard InstitutionalPairCorr
  0.79TFBRX American Beacon TwenPairCorr
  0.93DFSVX Us Small CapPairCorr
  0.86FTRNX Fidelity TrendPairCorr
  0.93CMGIX Blackrock Mid CapPairCorr
  0.9DODGX Dodge Stock FundPairCorr
  0.62UCAGX Cornerstone AggressivePairCorr
  0.91AMEIX Equity GrowthPairCorr
  0.84TNHIX 1290 High YieldPairCorr
  0.87GMAWX Gmo Small CapPairCorr
  0.84VIGIX Vanguard Growth IndexPairCorr
  0.96WWLAX Westwood Largecap ValuePairCorr
  0.92PLFIX Largecap Sp 500PairCorr
  0.74FIUIX Fidelity Telecom AndPairCorr

Moving against Johnson Mutual Fund

  0.53JINTX Johnson InternationalPairCorr
  0.47JIBEX Johnson InstitutionalPairCorr
  0.47JIMEX Johnson InstitutionalPairCorr
  0.43JCPLX Johnson Core PlusPairCorr
  0.43JIBSX Johnson Mutual FundsPairCorr
  0.38JIMDX Johnson InstitutionalPairCorr
  0.38JIMFX Johnson InstitutionalPairCorr
  0.37JIBFX Johnson InstitutionalPairCorr
  0.33JIBDX Johnson InstitutionalPairCorr
  0.39VGTSX Vanguard Total InterPairCorr
  0.39VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Johnson Mutual Fund performing well and Johnson Equity 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 Johnson Equity'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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