John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Mid
JACFX Fund  USD 19.02  0.37  1.98%   
The current 90-days correlation between John Hancock Mid and Regional Bank Fund is 0.61 (i.e., Poor diversification). The correlation of John Hancock 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.

John Hancock Correlation With Market

Average diversification

The correlation between John Hancock Mid and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Mid 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 John Hancock Mid. 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 census.

Moving together with John Mutual Fund

  0.93FRBAX Regional BankPairCorr
  0.93FRBCX Regional BankPairCorr
  0.63JQLBX Multimanager LifestylePairCorr
  0.8JQLAX Multimanager LifestylePairCorr
  0.75JQLGX Multimanager LifestylePairCorr
  0.93JRBFX Regional BankPairCorr
  0.86JRETX J Hancock IiPairCorr
  0.93JRGRX Regional BankPairCorr
  0.72JRLQX Retirement Living ThroughPairCorr
  0.72JRLUX Multi Index 2045PairCorr
  0.81JRLWX Retirement Living ThroughPairCorr
  0.73JRLVX Retirement Living ThroughPairCorr
  0.76JRLZX Retirement Living ThroughPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.76JRODX J Hancock IiPairCorr
  0.82JAAFX Jhancock Multi IndexPairCorr
  0.82JAAJX Jhancock Multi IndexPairCorr
  0.75JAAIX Alternative AssetPairCorr
  0.82JAAKX Jhancock Multi IndexPairCorr
  0.68JAAPX Alternative AssetPairCorr
  0.75JAARX Alternative AssetPairCorr
  0.71JAASX Alternative AssetPairCorr
  0.86JAAVX Jhancock MultimanagerPairCorr
  0.62JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between John Mutual Fund performing well and John Hancock 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 John Hancock'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.25  0.10  0.05  0.94  1.38 
(1.58)
 2.76 
(2.89)
 17.30 
FRBCX  1.25  0.10  0.05  0.96  1.38 
(1.57)
 2.74 
(2.93)
 17.28 
JQLMX  0.25 (0.04) 0.00 (0.12) 0.00 
 0.00 
 0.40 
(0.56)
 1.99 
JQLBX  0.34 (0.02) 0.00 (0.30) 0.00 
 0.00 
 0.66 
(0.65)
 3.06 
JQLAX  0.50  0.00 (0.03)(0.02) 0.71 
(0.53)
 1.07 
(0.92)
 4.54 
JQLCX  0.17 (0.04) 0.00 (0.20) 0.00 
 0.00 
 0.33 
(0.34)
 1.42 
JQLGX  0.43 (0.01)(0.05)(0.12) 0.61 
(0.46)
 0.90 
(0.76)
 3.86 
JRBFX  1.25  0.10  0.05  0.98  1.36 
(1.58)
 2.73 
(2.93)
 17.32 
JRETX  0.50  0.01 (0.01) 0.18  0.67 
(0.56)
 1.07 
(0.91)
 4.43 
JRGRX  1.24  0.10  0.05  0.93  1.36 
(1.58)
 2.76 
(2.89)
 17.25 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY