John Hancock Correlations

BTO Fund

USD 36.22 0.01 0.03%

The current 90-days correlation between John Hancock Financial and Tekla Life Sciences is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Poor diversification

The correlation between John Hancock Financial and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in John Hancock Financial. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with John Fund

0.69	BIMIX	Baird Intermediate Bond	Pair Corr
0.91	EMXIX	Ashmore Emerging Markets	Pair Corr
0.91	AACRX	Strategic Allocation	Pair Corr
0.97	STRBX	Sterling Capital Beh	Pair Corr
0.73	SIGAX	Western Asset Porate	Pair Corr
0.9	RBOTX	American Funds 2065	Pair Corr
0.94	TILCX	T Rowe Price	Pair Corr
0.88	STPAX	Technology Munications	Pair Corr
0.91	GMYYX	Mydestination 2045	Pair Corr
0.96	GCMRX	Goldman Sachs Mid	Pair Corr
0.62	WACSX	Western Asset E	Pair Corr
0.73	LSIIX	Loomis Sayles Investment	Pair Corr
0.89	PISHX	Cohen Steers Preferred	Pair Corr
0.9	LPREX	Blackrock Lifepath	Pair Corr
0.91	TEMVX	Tiaa Cref Emerging	Pair Corr
0.69	PGCAX	Investment Grade Porate	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.73	GRECX	Goldman Sachs Real	Pair Corr
0.91	PRSIX	Trowe Price Personal	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.66	ANGLX	Angel Oak Multi	Pair Corr
0.94	ATECX	Ab Sustainable Global	Pair Corr
0.89	AAIYX	Alger Mid Cap	Pair Corr
0.92	STSEX	Blackrock Exchange	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.71	MQT	Blackrock Muniyield	Pair Corr
0.89	UTF	Cohen And Steers	Pair Corr
0.94	VEVFX	Vanguard Explorer Value	Pair Corr
0.94	GCSSX	Goldman Sachs Small	Pair Corr
0.93	MSPIX	Mainstay Sp 500	Pair Corr
0.9	INPSX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	HQL	THW	THQ	RVT	RNP	UTF	RFI	UTG	BST	RQI
HQL		0.76	0.25	0.79	0.86	0.86	0.78	0.82	0.76	0.83	HQL
THW	0.76		0.71	0.34	0.45	0.46	0.54	0.38	0.31	0.54	THW
THQ	0.25	0.71		-0.22	-0.06	-0.08	0.03	-0.18	-0.23	-0.01	THQ
RVT	0.79	0.34	-0.22		0.94	0.93	0.86	0.96	0.97	0.9	RVT
RNP	0.86	0.45	-0.06	0.94		0.96	0.85	0.97	0.94	0.89	RNP
UTF	0.86	0.46	-0.08	0.93	0.96		0.89	0.98	0.93	0.93	UTF
RFI	0.78	0.54	0.03	0.86	0.85	0.89		0.88	0.83	0.98	RFI
UTG	0.82	0.38	-0.18	0.96	0.97	0.98	0.88		0.96	0.93	UTG
BST	0.76	0.31	-0.23	0.97	0.94	0.93	0.83	0.96		0.87	BST
RQI	0.83	0.54	-0.01	0.9	0.89	0.93	0.98	0.93	0.87		RQI
	HQL	THW	THQ	RVT	RNP	UTF	RFI	UTG	BST	RQI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UTG	+ 0.98	UTF
RQI	+ 0.98	RFI
BST	+ 0.97	RVT
UTG	+ 0.97	RNP
UTG	+ 0.96	RVT
UTF	+ 0.96	RNP

High negative correlations

BST	- 0.23	THQ
RVT	- 0.22	THQ
UTG	- 0.18	THQ
UTF	- 0.08	THQ
RNP	- 0.06	THQ
RQI	- 0.01	THQ

Risk-Adjusted Indicators

There is a big difference between John Fund performing well and John Hancock 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
HQL	1.34	0.08	0.02	0.35	1.35	(1.58)	2.96	(2.39)	10.72
THW	1.00	(0.06)	(0.12)	0.15	1.22	(1.05)	1.89	(2.12)	7.26
THQ	1.13	(0.18)	(0.13)	0.06	1.41	(1.20)	2.39	(2.56)	9.80
RVT	0.98	0.09	0.07	0.33	1.00	(1.13)	1.84	(1.60)	13.55
RNP	0.73	0.09	0.01	0.38	0.80	(0.73)	1.84	(1.83)	9.20
UTF	0.60	0.18	0.03	0.80	0.00	(0.72)	1.45	(0.83)	4.59
RFI	0.94	0.03	(0.05)	0.29	0.91	(1.09)	1.97	(1.76)	8.36
UTG	0.70	0.28	0.12	1.14	0.34	(0.83)	1.60	(1.09)	4.54
BST	0.92	0.16	0.16	0.41	0.56	(1.13)	2.71	(1.19)	13.75
RQI	0.89	0.06	(0.01)	0.34	0.81	(1.07)	2.23	(1.90)	7.96

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