John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Mid
JACLX Fund  USD 18.69  0.01  0.05%   
The current 90-days correlation between John Hancock Mid and Barings Active Short is -0.04 (i.e., Good 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

Good diversification

The correlation between John Hancock Mid and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Mid 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 Mid. 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 John Mutual Fund

  0.75FRBAX Regional BankPairCorr
  0.64JQLMX Multimanager LifestylePairCorr
  0.65JQLBX Multimanager LifestylePairCorr
  0.65JQLGX Multimanager LifestylePairCorr
  0.68JRBFX Regional BankPairCorr
  0.65JRETX J Hancock IiPairCorr
  0.68JRGRX Regional BankPairCorr
  0.61JRLKX Multi Index 2015PairCorr
  0.61JRLLX Retirement Living ThroughPairCorr
  0.66JRLOX Retirement Living ThroughPairCorr
  0.68JRLQX Retirement Living ThroughPairCorr
  0.61JRLPX Multi Index 2020PairCorr
  0.64JRLWX Retirement Living ThroughPairCorr
  0.63JRLVX Retirement Living ThroughPairCorr
  0.69JRLZX Retirement Living ThroughPairCorr
  0.65JROUX J Hancock IiPairCorr
  0.69JRODX J Hancock IiPairCorr
  0.63JAAFX Jhancock Multi IndexPairCorr
  0.63JAAJX Jhancock Multi IndexPairCorr
  0.62JAAIX Alternative AssetPairCorr
  0.69JAAKX Jhancock Multi IndexPairCorr
  0.67JAAPX Alternative AssetPairCorr
  0.62JRTBX Retirement Living ThroughPairCorr
  0.66JAARX Alternative AssetPairCorr
  0.61JRTDX Multi Index 2025PairCorr
  0.63JRTGX Retirement Living ThroughPairCorr
  0.66JRTFX Retirement Living ThroughPairCorr
  0.62JAASX Alternative AssetPairCorr
  0.63JRTIX Multi Index 2030PairCorr
  0.65JAAVX Jhancock MultimanagerPairCorr
  0.68JRTKX Retirement Living ThroughPairCorr
  0.68JRTJX Retirement Living ThroughPairCorr
  0.71JAAWX Jhancock MultimanagerPairCorr
  0.68JRTMX Multi Index 2035PairCorr

Related Correlations Analysis


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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