John Hancock Correlations
HTD Fund | USD 23.71 0.39 1.62% |
The current 90-days correlation between John Hancock Tax and Eaton Vance Tax is 0.58 (i.e., Very 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.
John Hancock Correlation With Market
Poor diversification
The correlation between John Hancock Tax and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Tax and DJI in the same portfolio, assuming nothing else is changed.
John |
Moving together with John Fund
0.83 | VSTSX | Vanguard Total Stock | PairCorr |
0.83 | VSMPX | Vanguard Total Stock | PairCorr |
0.85 | VITSX | Vanguard Total Stock | PairCorr |
0.83 | VFFSX | Vanguard 500 Index | PairCorr |
0.85 | VFIAX | Vanguard 500 Index | PairCorr |
0.82 | VTISX | Vanguard Total Inter | PairCorr |
0.82 | VTSNX | Vanguard Total Inter | PairCorr |
0.83 | VTPSX | Vanguard Total Inter | PairCorr |
0.85 | VINIX | Vanguard Institutional | PairCorr |
0.83 | VTSAX | Vanguard Total Stock | PairCorr |
0.86 | OAZMX | Oakmark Fund R6 | PairCorr |
0.85 | FAHYX | Fidelity Advisor High | PairCorr |
0.85 | JECIX | John Hancock Var | PairCorr |
0.86 | MISMX | Matthews Asia Small | PairCorr |
0.86 | CBLAX | Columbia Balanced | PairCorr |
0.81 | KAMCX | Kensington Managed Income | PairCorr |
0.91 | DCARX | Dfa California Municipal | PairCorr |
0.84 | BGHSX | Brandywineglobal High | PairCorr |
0.86 | JGMCX | Janus Triton | PairCorr |
0.84 | BUBSX | Baird Ultra Short | PairCorr |
0.82 | FLCNX | Fidelity Contrafund | PairCorr |
0.82 | ETJ | Eaton Vance Risk | PairCorr |
0.75 | PNRZX | Pgim Jennison Natural | PairCorr |
0.79 | AAIYX | Alger Mid Cap Steady Growth | PairCorr |
0.76 | IORLX | Aim Taxexempt Funds | PairCorr |
0.84 | PGBEX | Blue Chip Fund | PairCorr |
0.88 | RYCVX | Dow 2x Strategy | PairCorr |
0.85 | QIBGX | Federated Mdt Balanced | PairCorr |
0.85 | CSGCX | Calvert Balanced Por | PairCorr |
0.81 | FTZFX | Fuller Thaler Behavioral | PairCorr |
0.86 | ANVHX | American Century Non | PairCorr |
0.84 | TEMUX | Emerging Markets Equity | PairCorr |
0.88 | STMUX | Invesco Short Term | PairCorr |
0.87 | CHY | Calamos Convertible And | PairCorr |
0.69 | BCPAX | Brandes E Plus | PairCorr |
0.76 | FBIOX | Biotechnology Portfolio | PairCorr |
0.83 | MXEOX | Great West Emerging | PairCorr |
0.86 | BLARX | Lord Abbett Balanced | PairCorr |
0.84 | GPPSX | Goldman Sachs Short | PairCorr |
0.86 | CLREX | Columbia Balanced | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EVT | 0.68 | 0.08 | 0.05 | 0.23 | 0.79 | 1.59 | 4.43 | |||
HPF | 0.44 | 0.04 | (0.08) | 0.28 | 0.45 | 0.97 | 2.82 | |||
HPI | 0.43 | 0.12 | (0.04) | (3.88) | 0.21 | 1.16 | 2.35 | |||
HPS | 0.47 | 0.00 | (0.12) | 0.13 | 0.62 | 0.93 | 2.87 | |||
PDT | 0.54 | 0.16 | 0.03 | (2.68) | 0.52 | 1.45 | 3.93 |