Jhancock Multimanager Correlations

Mutual Funds . USA . 
Fund . Jhancock Multimanager 2065
JABEX Fund  USD 14.23  0.01  0.07%   
The current 90-days correlation between Jhancock Multimanager and Lord Abbett Convertible is 0.07 (i.e., Significant diversification). The correlation of Jhancock Multimanager 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 Multimanager Correlation With Market

Significant diversification

The correlation between Jhancock Multimanager 2065 and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Multimanager 2065 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 Multimanager 2065. 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 income.

Moving together with Jhancock Mutual Fund

  0.77FRBAX Regional BankPairCorr
  0.77FRBCX Regional BankPairCorr
  0.86JQLMX Multimanager LifestylePairCorr
  0.85JQLCX Multimanager LifestylePairCorr
  0.77JRBFX Regional BankPairCorr
  0.77JRGRX Regional BankPairCorr
  0.65JRLQX Retirement Living ThroughPairCorr
  1.0JRLUX Multi Index 2045PairCorr
  0.66JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  0.66JRODX J Hancock IiPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.65JAAIX Alternative AssetPairCorr
  0.66JAAKX Jhancock Multi IndexPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  1.0JAAWX Jhancock MultimanagerPairCorr
  1.0JRTTX Retirement Living ThroughPairCorr
  0.65JRTWX Retirement Living ThroughPairCorr
  0.65JRTVX Multi Index 2040PairCorr
  0.65JRTYX Multi Index 2050PairCorr
  0.96JABJX John Hancock FundsPairCorr
  0.99JABKX John Hancock FundsPairCorr
  1.0JABPX John Hancock FundsPairCorr
  0.61JABZX John Hancock GlobalPairCorr
  1.0JSLAX Multimanager LifestylePairCorr
  0.84JSNIX Jhancock Short DurationPairCorr
  1.0JTAIX Multimanager LifestylePairCorr
  0.65JTLAX Multimanager LifestylePairCorr
  0.99JTMIX Multimanager LifestylePairCorr
  1.0JCLAX Multimanager LifestylePairCorr
  0.65JCLMX Multimanager LifestylePairCorr
  0.97JCVIX Classic ValuePairCorr
  0.62JDJRX Jhancock DiversifiedPairCorr
  0.61JDIVX John Hancock DisciplinedPairCorr
  0.8JDJIX Jhancock DiversifiedPairCorr
  0.68JDVNX Jhancock DisciplinedPairCorr
  0.99JVMAX John Hancock DisciplinedPairCorr
  0.86JVMIX John Hancock DisciplinedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY