Jhancock Global Correlations

Mutual Funds . USA . 
Fund . Jhancock Global Equity
JGETX Fund  USD 13.68  0.04  0.29%   
The current 90-days correlation between Jhancock Global Equity and Regional Bank Fund is 0.52 (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 estimate.

Moving together with Jhancock Mutual Fund

  0.86JQLMX Multimanager LifestylePairCorr
  0.88JQLBX Multimanager LifestylePairCorr
  0.78JQLAX Multimanager LifestylePairCorr
  0.71JQLCX Multimanager LifestylePairCorr
  0.82JQLGX Multimanager LifestylePairCorr
  0.73JRETX J Hancock IiPairCorr
  0.76JRLDX Retirement Living ThroughPairCorr
  0.76JRLFX Multi Index 2010PairCorr
  0.82JRLIX Retirement Living ThroughPairCorr
  0.76JRLHX Retirement Living ThroughPairCorr
  0.81JRLKX Multi Index 2015PairCorr
  0.82JRLLX Retirement Living ThroughPairCorr
  0.86JRLOX Retirement Living ThroughPairCorr
  0.78JRLQX Retirement Living ThroughPairCorr
  0.85JRLPX Multi Index 2020PairCorr
  0.78JRLUX Multi Index 2045PairCorr
  0.75JRLWX Retirement Living ThroughPairCorr
  0.78JRLVX Retirement Living ThroughPairCorr
  0.75JRLZX Retirement Living ThroughPairCorr
  0.73JROUX J Hancock IiPairCorr
  0.75JRODX J Hancock IiPairCorr
  0.75JAAFX Jhancock Multi IndexPairCorr
  0.75JAAJX Jhancock Multi IndexPairCorr
  0.73JAAIX Alternative AssetPairCorr
  0.75JAAKX Jhancock Multi IndexPairCorr
  0.74JAAPX Alternative AssetPairCorr
  0.89JRTBX Retirement Living ThroughPairCorr
  0.86JRTAX Retirement Living ThroughPairCorr
  0.73JAARX Alternative AssetPairCorr
  0.89JRTDX Multi Index 2025PairCorr
  0.9JRTGX Retirement Living ThroughPairCorr
  0.89JRTFX Retirement Living ThroughPairCorr
  0.73JAASX Alternative AssetPairCorr
  0.89JRTIX Multi Index 2030PairCorr
  0.73JAAVX Jhancock MultimanagerPairCorr
  0.87JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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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