John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JVLAX Fund  USD 28.65  0.13  0.45%   
The current 90-days correlation between John Hancock Disciplined and Touchstone Large Cap is 0.89 (i.e., Very 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

Almost no diversification

The correlation between John Hancock Disciplined and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined 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 Disciplined. 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 together with John Mutual Fund

  0.91FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  0.91JQLAX Multimanager LifestylePairCorr
  0.88JQLGX Multimanager LifestylePairCorr
  0.91JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.91JRGRX Regional BankPairCorr
  0.88JRLUX Multi Index 2045PairCorr
  0.9JRLZX Retirement Living ThroughPairCorr
  0.93JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.9JAAFX Jhancock Multi IndexPairCorr
  0.9JAAJX Jhancock Multi IndexPairCorr
  0.76JAAIX Alternative AssetPairCorr
  0.9JAAKX Jhancock Multi IndexPairCorr
  0.74JAASX Alternative AssetPairCorr
  0.7JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.78JRTKX Retirement Living ThroughPairCorr
  0.92JAAWX Jhancock MultimanagerPairCorr
  0.78JRTMX Multi Index 2035PairCorr
  0.85JRTWX Retirement Living ThroughPairCorr
  0.84JRTVX Multi Index 2040PairCorr
  0.74JAAAX Alternative AssetPairCorr
  0.9JRTYX Multi Index 2050PairCorr
  0.86JABPX John Hancock FundsPairCorr
  0.88JALGX Multimanager LifestylePairCorr
  0.89JSCNX John Hancock IiPairCorr

Moving against John Mutual Fund

  0.61JSNFX John Hancock IncomePairCorr

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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