John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JABPX Fund  USD 13.71  0.07  0.51%   
The current 90-days correlation between John Hancock Funds and Elfun Diversified Fund is -0.01 (i.e., Good 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.

John Hancock Correlation With Market

Good diversification

The correlation between John Hancock Funds and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Funds 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 John Hancock Funds. 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 american community survey.

Moving together with John Mutual Fund

  0.92FRBAX Regional BankPairCorr
  0.92FRBCX Regional BankPairCorr
  0.98JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.9JRBFX Regional BankPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.9JRGRX Regional BankPairCorr
  0.65JRLDX Retirement Living ThroughPairCorr
  0.65JRLFX Multi Index 2010PairCorr
  0.65JRLIX Retirement Living ThroughPairCorr
  0.99JRLHX Retirement Living ThroughPairCorr
  0.65JRLKX Multi Index 2015PairCorr
  0.98JRLLX Retirement Living ThroughPairCorr
  0.66JRLOX Retirement Living ThroughPairCorr
  0.74JRLQX Retirement Living ThroughPairCorr
  0.66JRLPX Multi Index 2020PairCorr
  0.66JRLUX Multi Index 2045PairCorr
  0.74JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.66JRLZX Retirement Living ThroughPairCorr
  0.99JROUX J Hancock IiPairCorr
  0.74JRODX J Hancock IiPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  0.66JAAKX Jhancock Multi IndexPairCorr
  0.69JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  0.66JRTAX Retirement Living ThroughPairCorr
  0.64JAARX Alternative AssetPairCorr
  0.66JRTDX Multi Index 2025PairCorr
  0.66JRTGX Retirement Living ThroughPairCorr
  0.66JRTFX Retirement Living ThroughPairCorr
  0.64JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.67JAAVX Jhancock MultimanagerPairCorr
  0.74JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.

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