John Hancock Correlations

JSTIX Fund

USD 5.97 0.00 0.00%

The current 90-days correlation between John Hancock Income and Artisan Small Cap is 0.36 (i.e., Weak 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Income. 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 gross domestic product.

Related Correlations Analysis

	ARTSX	BOSVX	MMSCX	ANTMX	RYYCX	LMBMX
ARTSX		0.87	0.92	0.9	0.9	0.95	ARTSX
BOSVX	0.87		0.93	0.87	0.95	0.96	BOSVX
MMSCX	0.92	0.93		0.9	0.97	0.92	MMSCX
ANTMX	0.9	0.87	0.9		0.89	0.9	ANTMX
RYYCX	0.9	0.95	0.97	0.89		0.93	RYYCX
LMBMX	0.95	0.96	0.92	0.9	0.93		LMBMX
	ARTSX	BOSVX	MMSCX	ANTMX	RYYCX	LMBMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTSX	0.74	0.18	0.08	(2.16)	0.57	(0.85)	1.51	(1.23)	3.77
BOSVX	0.96	0.05	0.09	0.14	0.88	(1.09)	2.21	(1.78)	5.03
MMSCX	0.73	0.16	0.04	(1.26)	0.64	(0.86)	1.42	(1.26)	4.03
ANTMX	0.61	0.11	0.00	(5.32)	0.60	(0.70)	1.42	(1.14)	3.82
RYYCX	1.03	0.29	0.15	(1.93)	0.81	(1.27)	3.01	(1.70)	5.53
LMBMX	0.74	0.08	0.12	0.17	0.61	(0.85)	1.87	(1.43)	4.62

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John Hancock Correlations

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