John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JHBEX Fund  USD 14.45  0.40  2.69%   
The current 90-days correlation between John Hancock Funds and Regional Bank Fund is 0.5 (i.e., Very weak 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 Funds and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Funds 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 Funds. 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 income.

Moving together with John Mutual Fund

  0.75FRBAX Regional Bank Downward RallyPairCorr
  0.75FRBCX Regional Bank Downward RallyPairCorr
  0.61JQLMX Multimanager LifestylePairCorr
  0.79JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.84JQLGX Multimanager LifestylePairCorr
  0.75JRBFX Regional Bank Downward RallyPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.75JRGRX Regional Bank Downward RallyPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.88JRLUX Multi Index 2045PairCorr
  0.88JRLWX Retirement Living ThroughPairCorr
  0.88JRLVX Retirement Living ThroughPairCorr
  0.88JRLZX Retirement Living ThroughPairCorr
  0.88JROUX J Hancock IiPairCorr
  0.88JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.9JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.9JAAPX Alternative AssetPairCorr
  0.62JRTBX Retirement Living ThroughPairCorr
  0.91JAARX Alternative AssetPairCorr
  0.74JRTGX Retirement Living ThroughPairCorr
  0.78JRTFX Retirement Living ThroughPairCorr
  0.87JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.88JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX 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  1.19  0.20  0.15  1.50  1.05 
(1.51)
 2.76 
(1.91)
 15.75 
FRBCX  1.19  0.20  0.15  1.53  1.05 
(1.51)
 2.74 
(1.90)
 15.70 
JQLMX  0.25 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.56 
(0.56)
 1.43 
JQLBX  0.34 (0.03) 0.00 (0.04) 0.00 
 0.00 
 0.66 
(0.65)
 2.06 
JQLAX  0.46  0.04  0.04  0.44  0.49 
(0.51)
 1.07 
(0.91)
 3.11 
JQLCX  0.17 (0.03) 0.00 (0.17) 0.00 
 0.00 
 0.34 
(0.34)
 1.00 
JQLGX  0.43 (0.02) 0.00 (0.02) 0.00 
 0.00 
 0.90 
(0.76)
 2.65 
JRBFX  1.19  0.20  0.15  1.55  1.05 
(1.51)
 2.73 
(1.88)
 15.74 
JRETX  0.46  0.05  0.06  0.67  0.43 
(0.56)
 1.07 
(0.83)
 3.08 
JRGRX  1.19  0.20  0.15  1.48  1.05 
(1.51)
 2.76 
(1.91)
 15.70 

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