John Hancock Correlations

Mutual Funds USA . 
Fund . John Hancock Global
JABZX Fund  USD 10.70  0.19  1.81%   
The current 90-days correlation between John Hancock Global and Enhanced Fixed Income is -0.11 (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 Global and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Global 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 Global. 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 nation.

Moving together with John Mutual Fund

  0.91FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  0.95JQLMX Multimanager LifestylePairCorr
  0.96JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.93JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.87JRBFX Regional BankPairCorr
  0.97JRETX J Hancock IiPairCorr
  0.87JRGRX Regional BankPairCorr
  0.95JRLDX Retirement Living ThroughPairCorr
  0.95JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.94JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.97JRLQX Retirement Living ThroughPairCorr
  0.96JRLPX Multi Index 2020PairCorr
  0.97JRLUX Multi Index 2045PairCorr
  0.97JRLWX Retirement Living ThroughPairCorr
  0.97JRLVX Retirement Living ThroughPairCorr
  0.97JRLZX Retirement Living ThroughPairCorr
  0.97JROUX J Hancock IiPairCorr
  0.97JRODX J Hancock IiPairCorr
  0.97JAAFX Jhancock Multi IndexPairCorr
  0.97JAAJX Jhancock Multi IndexPairCorr
  0.96JAAIX Alternative AssetPairCorr
  0.97JAAKX Jhancock Multi IndexPairCorr
  0.97JAAPX Alternative AssetPairCorr
  0.97JRTBX Retirement Living ThroughPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.96JAARX Alternative AssetPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.98JRTGX Retirement Living ThroughPairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.96JAASX Alternative AssetPairCorr
  0.98JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX 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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