John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Global
JACDX Fund  USD 10.78  0.02  0.19%   
The current 90-days correlation between John Hancock Global and Vanguard Global Equity is 0.03 (i.e., Significant 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 -0.02 (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 unemployment.

Moving together with John Mutual Fund

  0.63FRBAX Regional BankPairCorr
  0.63FRBCX Regional BankPairCorr
  0.7JQLMX Multimanager LifestylePairCorr
  0.71JQLBX Multimanager LifestylePairCorr
  0.71JQLAX Multimanager LifestylePairCorr
  0.68JQLCX Multimanager LifestylePairCorr
  0.71JQLGX Multimanager LifestylePairCorr
  0.63JRBFX Regional BankPairCorr
  0.71JRETX J Hancock IiPairCorr
  0.63JRGRX Regional BankPairCorr
  0.68JRLDX Retirement Living ThroughPairCorr
  0.93JRLFX Multi Index 2010PairCorr
  0.69JRLIX Retirement Living ThroughPairCorr
  0.68JRLHX Retirement Living ThroughPairCorr
  0.68JRLKX Multi Index 2015PairCorr
  0.68JRLLX Retirement Living ThroughPairCorr
  0.95JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.95JRLPX Multi Index 2020PairCorr
  0.71JRLUX Multi Index 2045PairCorr
  0.71JRLWX Retirement Living ThroughPairCorr
  0.71JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  0.71JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.71JAAJX Jhancock Multi IndexPairCorr
  0.69JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.95JAAPX Alternative AssetPairCorr
  0.69JRTBX Retirement Living ThroughPairCorr
  0.69JRTAX Retirement Living ThroughPairCorr
  0.95JAARX Alternative AssetPairCorr
  0.96JRTDX Multi Index 2025PairCorr
  0.7JRTGX Retirement Living ThroughPairCorr
  0.96JRTFX Retirement Living ThroughPairCorr
  0.95JAASX Alternative AssetPairCorr
  0.7JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.97JRTKX 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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