John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Variable
JAFSX Fund  USD 27.87  0.07  0.25%   
The current 90-days correlation between John Hancock Variable and Vanguard Total Stock is 0.13 (i.e., Average 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 Variable and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Variable 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 Variable. 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 state.

Moving together with John Mutual Fund

  0.98VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.88PFE Pfizer IncPairCorr
  0.67XOM Exxon Mobil CorpPairCorr
  0.9AA Alcoa CorpPairCorr
  0.89DD Dupont De NemoursPairCorr
  0.97CSCO Cisco SystemsPairCorr
  0.95IBM International Business Earnings Call This WeekPairCorr
  0.95DIS Walt DisneyPairCorr
  0.87CVX Chevron CorpPairCorr
  0.99CAT CaterpillarPairCorr
  0.92BA BoeingPairCorr
  0.98MSFT MicrosoftPairCorr

Moving against John Mutual Fund

  0.6KO Coca Cola Earnings Call This WeekPairCorr
  0.45VZ Verizon Communications Earnings Call This WeekPairCorr

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
VTSAX  0.67  0.26  0.12 (3.44) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.67  0.26  0.13 (2.75) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VSMPX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.66  0.25  0.12 (3.24) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.47  0.23  0.14 (4.35) 0.08 
(0.54)
 1.31 
(0.84)
 3.09 
VTIAX  0.47  0.23  0.13 (4.21) 0.00 
(0.54)
 1.35 
(0.86)
 3.10 

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