John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Esg
JBOAX Fund  USD 9.26  0.00  0.00%   
The current 90-days correlation between John Hancock Esg and T Rowe Price is 0.03 (i.e., Significant 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

Significant diversification

The correlation between John Hancock Esg and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Esg 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 Esg. 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 against John Mutual Fund

  0.76JRBFX Regional BankPairCorr
  0.76JRGRX Regional BankPairCorr
  0.74FRBAX Regional BankPairCorr
  0.74FRBCX Regional BankPairCorr
  0.56JRETX J Hancock IiPairCorr
  0.56JROUX J Hancock IiPairCorr
  0.56JAAKX Jhancock Multi IndexPairCorr
  0.55JAAFX Jhancock Multi IndexPairCorr
  0.55JAAJX Jhancock Multi IndexPairCorr
  0.54JQLAX Multimanager LifestylePairCorr
  0.52JRLWX Retirement Living ThroughPairCorr
  0.52JRLZX Retirement Living ThroughPairCorr
  0.52JRODX J Hancock IiPairCorr
  0.48JRLQX Retirement Living ThroughPairCorr
  0.48JRLVX Retirement Living ThroughPairCorr
  0.47JRLUX Multi Index 2045PairCorr
  0.44JQLGX Multimanager LifestylePairCorr
  0.31JAAIX Alternative AssetPairCorr
  0.74JACLX John Hancock MidPairCorr
  0.73JACJX John Hancock MidPairCorr
  0.69PZFVX Classic ValuePairCorr
  0.59JAAZX Jhancock MultimanagerPairCorr
  0.59JABEX Jhancock MultimanagerPairCorr
  0.56JAAVX Jhancock MultimanagerPairCorr
  0.56JAAWX Jhancock MultimanagerPairCorr
  0.56JABDX Jhancock MultimanagerPairCorr
  0.52JRTYX Multi Index 2050PairCorr
  0.41JRTWX Retirement Living ThroughPairCorr
  0.4JRTTX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.

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