John Hancock Correlations

Mutual Funds USA . 
Fund . John Hancock Strategic
JSGAX Fund  USD 30.28  0.15  0.50%   
The current 90-days correlation between John Hancock Strategic and Oil Gas Ultrasector is -0.09 (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

Very good diversification

The correlation between John Hancock Strategic and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Strategic 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 Strategic. 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

  0.95JQLGX Multimanager LifestylePairCorr
  0.94JAAIX Alternative AssetPairCorr
  0.93JAAAX Alternative AssetPairCorr
  0.74JACLX John Hancock MidPairCorr
  0.91JSNIX Jhancock Short DurationPairCorr
  0.95JTGIX Multimanager LifestylePairCorr
  0.96JTMIX Multimanager LifestylePairCorr
  0.94JDVNX Jhancock DisciplinedPairCorr
  0.93JVMIX John Hancock DisciplinedPairCorr
  0.96JVLAX John Hancock DisciplinedPairCorr
  0.95JVLCX John Hancock DisciplinedPairCorr
  0.94JVLIX John Hancock DisciplinedPairCorr
  0.92JGECX Jhancock Global EquityPairCorr
  0.87JHBSX John Hancock BondPairCorr
  0.65USGLX Us Global LeadersPairCorr
  0.64FIDAX Financial IndustriesPairCorr
  0.9JHJIX John Hancock EsgPairCorr
  0.95JHRTX Retirement Living ThroughPairCorr
  0.88JHSFX John Hancock MunicipalPairCorr
  0.95JHRDX Retirement Living ThroughPairCorr
  0.96JHRGX Retirement Living ThroughPairCorr
  0.85JIGBX John Hancock InvestmentPairCorr
  0.94JIPIX Strategic Income OppPairCorr
  0.95JLAEX Retirement Living ThroughPairCorr
  0.94TAGRX Fundamental Large CapPairCorr
  0.93JLCWX Fundamental Large CapPairCorr
  0.96JLEIX Retirement Living ThroughPairCorr
  0.95JLGSX Lifestyle Ii GrowthPairCorr
  0.96JLFOX Retirement Living ThroughPairCorr
  0.96JLMOX Lifestyle Ii ModeratePairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr

Moving against John Mutual Fund

  0.73JCTFX John Hancock HighPairCorr
  0.33JYEBX Jhancock Real EstatePairCorr

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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