Jhancock Global Correlations

Mutual Funds USA . 
Fund . Jhancock Global Equity
JGEMX Fund  USD 13.67  0.05  0.36%   
The current 90-days correlation between Jhancock Global Equity and Regional Bank Fund is 0.53 (i.e., Very weak diversification). The correlation of Jhancock 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.

Jhancock Global Correlation With Market

Poor diversification

The correlation between Jhancock Global Equity and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock 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 Jhancock 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 population.

Moving together with Jhancock Mutual Fund

  0.87JQLMX Multimanager LifestylePairCorr
  0.89JQLBX Multimanager LifestylePairCorr
  0.8JQLAX Multimanager LifestylePairCorr
  0.71JQLCX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.74JRETX J Hancock IiPairCorr
  0.76JRLDX Retirement Living ThroughPairCorr
  0.76JRLFX Multi Index 2010PairCorr
  0.83JRLIX Retirement Living ThroughPairCorr
  0.76JRLHX Retirement Living ThroughPairCorr
  0.81JRLKX Multi Index 2015PairCorr
  0.82JRLLX Retirement Living ThroughPairCorr
  0.87JRLOX Retirement Living ThroughPairCorr
  0.79JRLQX Retirement Living ThroughPairCorr
  0.86JRLPX Multi Index 2020PairCorr
  0.8JRLUX Multi Index 2045PairCorr
  0.77JRLWX Retirement Living ThroughPairCorr
  0.79JRLVX Retirement Living ThroughPairCorr
  0.76JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.77JRODX J Hancock IiPairCorr
  0.76JAAFX Jhancock Multi IndexPairCorr
  0.76JAAJX Jhancock Multi IndexPairCorr
  0.74JAAIX Alternative AssetPairCorr
  0.76JAAKX Jhancock Multi IndexPairCorr
  0.75JAAPX Alternative AssetPairCorr
  0.89JRTBX Retirement Living ThroughPairCorr
  0.87JRTAX Retirement Living ThroughPairCorr
  0.75JAARX Alternative AssetPairCorr
  0.89JRTDX Multi Index 2025PairCorr
  0.9JRTGX Retirement Living ThroughPairCorr
  0.89JRTFX Retirement Living ThroughPairCorr
  0.74JAASX Alternative AssetPairCorr
  0.9JRTIX Multi Index 2030PairCorr
  0.74JAAVX Jhancock MultimanagerPairCorr
  0.88JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock 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 Jhancock 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.21  0.07  0.15  0.12  0.99 
(1.54)
 2.76 
(1.66)
 15.75 
FRBCX  1.21  0.07  0.14  0.12  0.99 
(1.54)
 2.74 
(1.65)
 15.70 
JQLMX  0.24 (0.02)(0.26) 0.03  0.25 
(0.26)
 0.56 
(0.48)
 1.43 
JQLBX  0.32 (0.01)(0.14) 0.07  0.30 
(0.38)
 0.66 
(0.58)
 2.06 
JQLAX  0.47  0.01 (0.04) 0.10  0.41 
(0.52)
 1.07 
(0.91)
 3.11 
JQLCX  0.16 (0.02)(0.38)(0.02) 0.17 
(0.21)
 0.34 
(0.33)
 1.00 
JQLGX  0.41  0.00 (0.08) 0.09  0.39 
(0.45)
 0.90 
(0.69)
 2.65 
JRBFX  1.21  0.07  0.15  0.12  0.99 
(1.54)
 2.73 
(1.66)
 15.74 
JRETX  0.47  0.02 (0.02) 0.12  0.40 
(0.57)
 1.07 
(0.83)
 3.08 
JRGRX  1.21  0.08  0.15  0.12  0.98 
(1.54)
 2.76 
(1.65)
 15.70 

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