Jhancock Short Correlations

Mutual Funds . USA . 
Fund . Jhancock Short Duration
JSNIX Fund  USD 9.42  0.02  0.21%   
The correlation of Jhancock Short 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 Short Correlation With Market

Significant diversification

The correlation between Jhancock Short Duration and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Short Duration 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 Short Duration. 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 inflation.

Moving together with Jhancock Mutual Fund

  0.62FRBAX Regional BankPairCorr
  0.61FRBCX Regional BankPairCorr
  0.94JQLMX Multimanager LifestylePairCorr
  0.92JQLBX Multimanager LifestylePairCorr
  0.9JQLAX Multimanager LifestylePairCorr
  0.96JQLCX Multimanager LifestylePairCorr
  0.91JQLGX Multimanager LifestylePairCorr
  0.66JRBFX Regional Bank Steady GrowthPairCorr
  0.91JRETX J Hancock IiPairCorr
  0.66JRGRX Regional Bank Steady GrowthPairCorr
  0.95JRLDX Retirement Living ThroughPairCorr
  0.95JRLFX Multi Index 2010PairCorr
  0.95JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.95JRLKX Multi Index 2015PairCorr
  0.95JRLLX Retirement Living ThroughPairCorr
  0.95JRLOX Retirement Living ThroughPairCorr
  0.92JRLQX Retirement Living ThroughPairCorr
  0.95JRLPX Multi Index 2020PairCorr
  0.92JRLUX Multi Index 2045PairCorr
  0.92JRLWX Retirement Living ThroughPairCorr
  0.92JRLVX Retirement Living ThroughPairCorr
  0.92JRLZX Retirement Living ThroughPairCorr
  0.91JROUX J Hancock IiPairCorr
  0.92JRODX J Hancock IiPairCorr
  0.92JAAFX Jhancock Multi IndexPairCorr
  0.92JAAJX Jhancock Multi IndexPairCorr
  0.9JAAIX Alternative AssetPairCorr
  0.92JAAKX Jhancock Multi IndexPairCorr
  0.9JAAPX Alternative AssetPairCorr
  0.94JRTBX Retirement Living ThroughPairCorr
  0.94JRTAX Retirement Living ThroughPairCorr
  0.91JAARX Alternative AssetPairCorr
  0.94JRTDX Multi Index 2025PairCorr
  0.93JRTGX Retirement Living ThroughPairCorr
  0.94JRTFX Retirement Living ThroughPairCorr
  0.9JAASX Alternative AssetPairCorr
  0.93JRTIX Multi Index 2030PairCorr
  0.91JAAVX Jhancock MultimanagerPairCorr
  0.93JRTKX Retirement Living ThroughPairCorr

Moving against Jhancock Mutual Fund

  0.34JABFX Jhancock Real EstatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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