Jhancock Global Correlations

Mutual Funds . USA . 
Fund . Jhancock Global Equity
JGECX Fund  USD 13.54  0.04  0.29%   
The current 90-days correlation between Jhancock Global Equity and Regional Bank Fund is 0.08 (i.e., Significant 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

Average diversification

The correlation between Jhancock Global Equity and DJI is 0.13 (i.e., Average 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 world development indicators.

Moving together with Jhancock Mutual Fund

  0.61FRBAX Regional BankPairCorr
  0.67FRBCX Regional BankPairCorr
  0.84JQLMX Multimanager LifestylePairCorr
  0.73JQLBX Multimanager LifestylePairCorr
  0.73JQLAX Multimanager LifestylePairCorr
  0.71JQLCX Multimanager LifestylePairCorr
  0.74JQLGX Multimanager LifestylePairCorr
  0.71JRETX J Hancock IiPairCorr
  0.83JRLFX Multi Index 2010PairCorr
  0.72JRLIX Retirement Living ThroughPairCorr
  0.73JRLLX Retirement Living ThroughPairCorr
  0.81JRLQX Retirement Living ThroughPairCorr
  0.84JRLPX Multi Index 2020PairCorr
  0.8JRLWX Retirement Living ThroughPairCorr
  0.81JRLVX Retirement Living ThroughPairCorr
  0.72JRLZX Retirement Living ThroughPairCorr
  0.71JROUX J Hancock IiPairCorr
  0.8JRODX J Hancock IiPairCorr
  0.8JAAFX Jhancock Multi IndexPairCorr
  0.72JAAJX Jhancock Multi IndexPairCorr
  0.74JAAIX Alternative AssetPairCorr
  0.72JAAKX Jhancock Multi IndexPairCorr
  0.65JAAPX Alternative AssetPairCorr
  0.73JRTBX Retirement Living ThroughPairCorr
  0.84JRTAX Retirement Living ThroughPairCorr
  0.73JRTGX Retirement Living ThroughPairCorr
  0.73JRTFX Retirement Living ThroughPairCorr
  0.65JAASX Alternative AssetPairCorr
  0.83JRTIX Multi Index 2030PairCorr

Related Correlations Analysis


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  1.00  0.10  0.01 (1.24) 1.38 
(1.13)
 2.71 
(1.56)
 8.21 
FRBCX  1.00  0.06  0.00  0.28  1.37 
(1.19)
 2.72 
(1.56)
 8.22 
JQLMX  0.25  0.01 (0.15) 0.18  0.32 
(0.27)
 0.54 
(0.53)
 1.52 
JQLBX  0.35 (0.02)(0.09) 0.04  0.48 
(0.35)
 0.75 
(0.81)
 2.05 
JQLAX  0.54 (0.03)(0.04) 0.05  0.82 
(0.52)
 1.13 
(1.32)
 3.33 
JQLCX  0.15 (0.01)(0.29) 0.03  0.12 
(0.20)
 0.32 
(0.32)
 0.81 
JQLGX  0.47 (0.02)(0.06) 0.05  0.69 
(0.45)
 0.98 
(1.07)
 2.78 
JRBFX  0.98  0.00  0.02  0.08  1.37 
(1.15)
 2.72 
(1.56)
 8.22 
JRETX  0.54 (0.02)(0.04) 0.05  0.78 
(0.54)
 1.09 
(1.31)
 3.22 
JRGRX  0.98  0.00  0.02  0.08  1.38 
(1.11)
 2.72 
(1.56)
 8.22 

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