Jhancock Multi Correlations

JAAJX Fund  USD 16.75  0.06  0.36%   
The current 90-days correlation between Jhancock Multi Index and Global Technology Portfolio is 0.83 (i.e., Very poor diversification). The correlation of Jhancock Multi 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 Multi Correlation With Market

Very poor diversification

The correlation between Jhancock Multi Index 2065 and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Multi Index 2065 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 Multi Index 2065. 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 board of governors.

Moving together with Jhancock Mutual Fund

  0.86JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.93JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.99JRETX J Hancock IiPairCorr
  0.77JRLDX Retirement Living ThroughPairCorr
  0.85JRLFX Multi Index 2010PairCorr
  0.94JRLIX Retirement Living ThroughPairCorr
  0.77JRLHX Retirement Living ThroughPairCorr
  0.79JRLKX Multi Index 2015PairCorr
  0.94JRLLX Retirement Living ThroughPairCorr
  0.81JRLOX Retirement Living ThroughPairCorr
  0.86JRLQX Retirement Living ThroughPairCorr
  0.87JRLPX Multi Index 2020PairCorr
  0.85JRLUX Multi Index 2045PairCorr
  0.86JRLWX Retirement Living ThroughPairCorr
  0.86JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  0.99JROUX J Hancock IiPairCorr
  0.86JRODX J Hancock IiPairCorr
  0.86JAAFX Jhancock Multi IndexPairCorr
  0.78JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.87JAAPX Alternative AssetPairCorr
  0.97JRTBX Retirement Living ThroughPairCorr
  0.87JRTAX Retirement Living ThroughPairCorr
  0.74JAARX Alternative AssetPairCorr
  0.82JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.87JAASX Alternative AssetPairCorr
  0.87JRTIX Multi Index 2030PairCorr
  0.84JAAVX Jhancock MultimanagerPairCorr
  0.85JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

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High negative correlations

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Multi 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 Multi'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.