John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Mid
JACFX Fund  USD 19.60  0.08  0.41%   
The current 90-days correlation between John Hancock Mid and Regional Bank Fund is 0.65 (i.e., Poor 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

Poor diversification

The correlation between John Hancock Mid and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Mid 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 Mid. 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 census.

Moving together with John Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.88FRBCX Regional BankPairCorr
  0.97JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.95JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.89JRBFX Regional BankPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.89JRGRX 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
  0.96JRLLX Retirement Living ThroughPairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.97JRLPX Multi Index 2020PairCorr
  0.98JRLUX Multi Index 2045PairCorr
  0.98JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  0.99JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.98JAAJX Jhancock Multi IndexPairCorr
  0.96JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.96JAAPX 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
  0.98JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.08  0.19  0.16  0.30  0.92 
(1.32)
 2.61 
(1.40)
 6.87 
FRBCX  1.08  0.19  0.16  0.30  0.92 
(1.31)
 2.58 
(1.42)
 6.80 
JQLMX  0.25  0.06 (0.07) 0.30  0.00 
(0.30)
 0.81 
(0.47)
 1.74 
JQLBX  0.34  0.08  0.01  0.30  0.00 
(0.41)
 1.11 
(0.70)
 2.38 
JQLAX  0.49  0.11  0.10  0.30  0.34 
(0.57)
 1.63 
(1.18)
 3.50 
JQLCX  0.17  0.04 (0.21) 0.34  0.00 
(0.23)
 0.44 
(0.25)
 1.29 
JQLGX  0.43  0.10  0.06  0.30  0.23 
(0.52)
 1.34 
(1.05)
 3.04 
JRBFX  1.10  0.19  0.17  0.30  0.92 
(1.33)
 2.62 
(1.40)
 6.88 
JRETX  0.51  0.12  0.11  0.30  0.33 
(0.61)
 1.71 
(1.24)
 3.61 
JRGRX  1.10  0.19  0.16  0.30  0.92 
(1.33)
 2.58 
(1.40)
 6.88 

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